CUSTODIAL ARRANGEMENT. Section 2.1. Appointment as Custodian................................................................. 2 Section 2.2. Maintenance of Office.................................................................... 2
CUSTODIAL ARRANGEMENT. Section 3.1. Transfer of Mortgage Loans; Delivery of Documents..................................................................................... 3 Section 3.2. Trust Receipt and Certification.......................................................... 4 Section 3.3. Release of Mortgage Files..............................................................
CUSTODIAL ARRANGEMENT. The Custodian shall maintain custody and possession of the Receivable Files as custodian and bailee in accordance with and pursuant to the Custodial Agreement. The Servicer hereby assigns all of its right, title and interest in, but none of its obligators thereunder, and to such Custodial Agreement to the Trust Collateral Agent. To the extent the Servicer receives any notices with respect to the Custodial Agreement, the Servicer will forward a copy of such notice to the Trust Collateral Agent and the Insurer.
CUSTODIAL ARRANGEMENT. The Client understands that they have the ability to designate the broker-dealer who will carry the Account and/or execute transactions in the Account for the Client. Subject to an exception if Client wishes to direct otherwise and Advisor agrees, Client directs the custody of the Account assets and execution of Client’s brokerage transactions to Xxxxxx Global Capital, Inc. (“BGC”), a FINRA broker-dealer and its clearing firm, Pershing, LLC, a Bank of New York Mellon Company. Advisor will not possess custody of the assets. Client will be responsible for paying all fees, if any, to Custodian. At all times, the Client shall retain sole authority over withdrawal of securities and cash from the Account except as otherwise specified in this Agreement for payment of fees and expenses. Client shall receive statements not less than quarterly from the Custodian showing all transactions occurring in the Account during the period covered by the statement and understands that Advisor will receive duplicate copies of those statements. Arrangements will be made with Custodian to have copies of all confirmations of purchases, sales or exchanges of securities for the Account(s) and monthly or quarterly statements of all activity in the Account(s) sent to Client(s) at such address as Client(s) requests. Client is responsible for reviewing statements provided by the Custodian and confirming and reporting any discrepancies to Advisor. BGC will provide their customary securities brokerage services, as described in BGC’s account documents. BGC is not and will not act as an investment advisor or investment manager or in a discretionary capacity with respect to the Client or the Client’s Account and will not provide specialized services or investment advice different from that which is solely incidental to its business as a broker-dealer and customarily provided or available where brokerage or other transaction-related charges are paid on a per trade basis. BGC’s obligations in connection with the Client’s Account shall be solely as specified in BGC’s account documents.
CUSTODIAL ARRANGEMENT. Concurrent with the closing of the offering of the Units under the Underwriting Agreement, the Agent shall have entered into the Custodial Agreement with the Custodian to which the Treasury Strips acquired by the Holders, which are described on Schedule 1 hereto, are to be delivered. On the date of execution and delivery of this Agreement, Credit Suisse First Boston Corporation (on behalf of itself and the other underwriters named in the Underwriting Agreement ) shall have acquired the Treasury Strips, shall have sold the Treasury Strips to the Holders, and shall have delivered the Treasury Strips to the Custodian in accordance with the Custodial Agreement. For greater certainty, by agreeing to subscribe for a Unit, each Holder shall be considered to have agreed to purchase Treasury Strips from the underwriters named in the Underwriting Agreement. The Agent shall cause the Custodian or its nominee to be the holder of security entitlements with regard to such Treasury Strips on the records of the Federal Reserve Bank of New York for and on behalf of the Holders of Units. The Agent acknowledges that each Unit shall evidence in part the applicable Holder's ownership of that Holder's Treasury Strips and that Holder's pro rata portion of Treasury Strips maturing on August 15, 2002 delivered to and held by the Custodian under the Custodial Agreement.
CUSTODIAL ARRANGEMENT. 3 Section 3.1. Transfer of Receivables; Delivery of Documents...............................................................................................3 Section 3.2. Certification..............................................................................................................................................................4 Section 3.3. Release of Receivable Files...................................................................................................................................4 Section 3.4. Purchase; Payment In Full.....................................................................................................................................5 Section 3.5. Other Duties of Custodian....................................................................................................................................5 Section 3.6. Access to Records.................................................................................................................................................5 Section 3.7. Instructions; Authority to Act............................................................................................................................5
CUSTODIAL ARRANGEMENT. 54 Section 12.02. Instruction Regarding Payment of Amounts Received in Respect of Treasury Strips...............................................55 Section 12.03. Delivery of Treasury Strips Upon Occurrence of an Acceleration Event.......................................................55 TABLE OF CONTENTS (Continued)
CUSTODIAL ARRANGEMENT. To carry out transactions in the Account(s), you hereby appoint us as your attorney-in-fact for the limited purpose of issuing instructions to the Custodian to purchase, sell and otherwise to trade in or deal with securities in the Account(s) and generally to discharge our duties under this Agreement. The Custodian will act as broker and qualified custodian of your assets. Nothing in this Agreement is intended or shall grant us any authority to obtain custody of any funds or securities in the Account(s).
CUSTODIAL ARRANGEMENT. 3 Section 3.1. Transfer of Receivables; Delivery of Documents........................3 Section 3.2. Certification.........................................................4 Section 3.3. Release of Receivables Files..........................................4 Section 3.4. Purchase; Payment In Full.............................................5 Section 3.5. Other Duties of Custodian.............................................5
CUSTODIAL ARRANGEMENT. 2 Section 2.1 Appointment as Custodian . . . . . . . . . . . . . . . . . . . . 2 Section 2.2 Maintenance of Office. . . . . . . . . . . . . . . . . . . . . . .2
