Care of Financial Assets. Securities Intermediary shall maintain possession or control of all Financial Assets credited to the Reserve Account by segregating such Financial Assets from its proprietary assets and keeping them free of any lien, charge or claim of any third party granted or created by Securities Intermediary. Securities Intermediary shall take such other steps to ensure that Financial Assets credited to the Reserve Account are identified as being held for customers of Securities Intermediary as may be required under applicable law or in accordance with custom and practice in the industry.
Appears in 105 contracts
Samples: Securities Account Control Agreement (Toyota Auto Receivables 2024-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2024-D Owner Trust), Securities Account Control Agreement (Toyota Auto Finance Receivables LLC)
Care of Financial Assets. Securities Intermediary shall maintain possession or control of all Financial Assets credited to the Reserve Account Collateral Accounts by segregating such Financial Assets from its proprietary assets and keeping them free of any lien, charge or claim of any third party granted or created by Securities Intermediary. Securities Intermediary shall take such other steps to ensure that Financial Assets credited to the Reserve Account Collateral Accounts are identified as being held for customers of Securities Intermediary as may be required under applicable law law, including 17 CFR Part 450, or in accordance with custom and practice in the industry.
Appears in 4 contracts
Samples: Master Disbursement Agreement (Wynn Las Vegas LLC), Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
Care of Financial Assets. Securities Intermediary shall maintain possession or control of all Financial Assets credited to the Reserve Account Collateral Accounts by segregating such Financial Assets from its proprietary assets and keeping them free of any lien, charge or claim of any third party granted or created by Securities Intermediary. Securities Intermediary shall take such other steps to ensure that Financial Assets credited to the Reserve Account Collateral Accounts are identified as being held for customers of Securities Intermediary as may be required under applicable law or in accordance with custom and practice in the industry.
Appears in 4 contracts
Samples: Completion Guaranty Third Party Account Agreement (Grand Canal Shops Mall Construction LLC), Completion Guaranty Collateral Account Agreement (Grand Canal Shops Mall Construction LLC), Mortgage Notes Proceeds Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)
Care of Financial Assets. Securities Intermediary shall maintain possession or control of all Financial Assets credited to the Reserve Collateral Account by segregating such Financial Assets from its proprietary assets and keeping them free of any lien, charge or claim of any third party granted or created by Securities Intermediary. Securities Intermediary shall take such other steps to ensure that Financial Assets credited to the Reserve Collateral Account are identified as being held for customers of Securities Intermediary as may be required under applicable law law, including 17 CFR Part 450, or in accordance with custom and practice in the industry.
Appears in 2 contracts
Samples: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
Care of Financial Assets. Securities Intermediary shall maintain possession or control of all Financial Assets credited to the Reserve Collateral Account by segregating such Financial Assets from its proprietary assets and keeping them free of any lien, charge or claim of any third party granted or created by Securities Intermediary. Securities Intermediary shall take such other steps to ensure that Financial Assets credited to the Reserve Collateral Account are identified as being held for customers of Securities Intermediary as may be required under applicable law law, including 17 CFR Part 450, or in accordance with custom and practice in the industry.
Appears in 1 contract
Samples: Holdings Collateral Account Agreement (Aladdin Capital Corp)
