Common use of Concerning the Collateral Custodian Clause in Contracts

Concerning the Collateral Custodian. (i) The Collateral Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which in good faith it reasonably believes to be genuine and which has been signed by the proper party or parties. The Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (A) the written instructions of any designated officer of the Deal Agent or (B) the verbal instructions of the Deal Agent.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc), Credit Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Resource America Inc)

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Concerning the Collateral Custodian. (i) The Collateral Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which that in good faith it reasonably believes to be genuine and which that has been signed by the proper party or parties. The Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (A) the written instructions of any designated officer of the Deal Agent or (B) the verbal instructions of the Deal Agent.

Appears in 1 contract

Samples: Loan Funding and Servicing Agreement (American Capital Strategies LTD)

Concerning the Collateral Custodian. (i) The Except for its gross negligence or bad faith, the Collateral Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which that in good faith it reasonably believes to be genuine and which that has been signed by the proper party or parties. The Except for its gross negligence or bad faith, the Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (A) the written instructions of any designated officer of the Deal Agent or (B) the verbal instructions of the Deal Agent.

Appears in 1 contract

Samples: Funding and Servicing Agreement (American Capital Strategies LTD)

Concerning the Collateral Custodian. (i) The Except for its gross negligence or bad faith, the Collateral Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which that in good faith it reasonably believes to be genuine and which that has been signed by the proper party or parties. The Except for its gross negligence or bad faith, the Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (A) the written instructions of any designated officer of the Deal Agent or (B) the verbal instructions of the Deal Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

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Concerning the Collateral Custodian. (i) The Collateral Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which in good faith it reasonably believes to be genuine and which has been signed by the proper party or parties. The Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (A) the written instructions of any designated officer of the Deal Agent Administrator or (B) the verbal instructions of the Deal AgentAdministrator.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

Concerning the Collateral Custodian. (i) The Collateral ----------------------------------- Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which in good faith it reasonably believes to be genuine and which has been signed by the proper party or parties. The Collateral Custodian may rely conclusively on and shall be fully protected by in acting upon (Ai) the written instructions of any designated officer of the Deal Agent or (Bii) the verbal instructions of the Deal Agent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bankvest Capital Corp)

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