Control by Agent and Coinbase Custody Sample Clauses

Control by Agent and Coinbase Custody. For purposes of perfecting Lxxxxx’s security interest in the Trading Balance, Agent holds Bxxxxxxx’s Trading Balance for itself and also as agent for Lxxxxx, and has control over Borrower’s Trading Balance for its own benefit and for the benefit and on behalf of Lender. Axxxx agrees to follow entitlement orders of Lxxxxx as secured party with respect to the Trading Balance without further consent of the Borrower.
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Related to Control by Agent and Coinbase Custody

  • Reliance by Administrative Agent and Xxxxxxx The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices and Committed Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

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