Custodian Account Sample Clauses

Custodian Account. In accordance with this Agreement and the Account Control Agreement, the Borrower shall, on or prior to the Closing Date, establish at the Account Bank one (1) segregated securities account, which shall be designated as the “Custodian Account”, which shall be maintained by the Borrower with the Account Bank in accordance with the Account Control Agreement and which shall be subject to the Lien of the Collateral Agent. All promissory notes shall be credited to the Custodian Account.
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Custodian Account. You may make a gift or transfer of money to a minor under state law by opening an account in the name of the minor with you or another adult listed as custodian. You may also designate a successor custodian. Your rights and duties as custodian are governed by the Uniform Gifts To Minors Act or Uniform Transfers to Minors Act of the state where you reside at the time you open the account. This law will also determine how the account balance will be handled upon the Custodian’s death, resignation or removal. Only the Custodian is authorized to act on the account.
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Custodian Account. In accordance with this Agreement and the Account Control Agreement, the Collateral Agent has established at the Custodian a single, segregated trust account, which shall be designated as the “Custodian Account”, which shall be maintained by the Custodian in accordance with the Account Control Agreement, to which any Collateral shall be credited by the Securities Intermediary and which shall be subject to the Lien of the Collateral Agent.
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Custodian Account. All Collateral consisting of U.S. Government Obligations or Clearing Corporation Securities, and such other securities and/or cash as the Collateral Trustee may determine in its discretion, shall be credited to one or more Securities Accounts maintained by the Custodian in the name of the Collateral Trustee (each, the “Custodian Account”).
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Custodian Account. In the event that the New York Insurance Department rejects a proposal submitted to the New York Insurance Department by the parties calling for the establishment by Newco of a custodian arrangement for the benefit of holders of Insurance Contracts issued in New York and for the release of assets held pursuant to the Seller Custodian Agreement with a fair market value equal to the portion of the General Account Reserves that pertains to those Insurance Contracts that are subject to the provisions of the Seller Custodian Agreement, the parties shall negotiate in good faith to formulate a revised proposal for submission to the New York Insurance Department with the objective of securing the release of such assets. Notwithstanding this Section 5.30, in no event shall Purchaser or Newco be required to (i) fund any custodian account in an amount exceeding 100% of the General Account Reserves pertaining to the relevant Insurance Contracts minus the aggregate amount of contract loans under such Insurance Contracts or (ii) bear any costs that are significantly in excess of those that Purchaser or Newco would have borne had the relevant assets been maintained under the Newco Trust Agreement.
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Custodian Account. (a) LLANY has entered into the ----------------- Custodian Agreement and has established a Custodian Account (the "Custodian Account") thereunder for the benefit of the policyholders of Seller resident in New York. LLANY agrees that, subsequent to the transfer of assets to the Custodian Account as described in Article VII above, LLANY will thereafter maintain in the Custodian Account assets having a market value not less than an amount equal to 100% of the amount of the General Account Reserves, less the aggregate amount of contract loans under the Non-Novated Contracts (the "Required Amount"), to be held by the Custodian. Following the receipt of each General Account Reserves Statement, LLANY shall, to the extent that the market value of the assets held in the Custodian Account on the last day of the month just ended (the "Custodian Asset Value") is less than the Required Amount so calculated, within five Business Days of its receipt of such General Account Reserves Statement, transfer to the Custodian Account assets with a market value on the date of transfer at least equal to the difference between the Required Amount and the Custodian Asset Value. (b) The assets placed in the Custodian Account will consist only of cash (U.S. legal tender), certificates of deposit (issued by U.S. banks and payable in U.S. legal tender), and investments of the types specified in subsection (a)(1) and subsection (a)(2) (excluding preferred shares) of Section 1405 of the New York Insurance Law, that are of investment grade, provided that such investments are issued by an institution that is not the parent, a subsidiary or an affiliate of LLANY or Seller. Assets in the Custodian Account will be valued at market value. (c) LLANY and Seller agree that the assets in the Custodian Account shall be transferred from the Custodian Account to the Seller Custodian Account in accordance with the procedures set forth in the Custodian Agreement under the following circumstances and for the following purposes: (i) in the event the Non-Novated Contracts are recaptured pursuant to Article IV, to transfer to the Seller Custodian Account the recapture amounts determined in accordance with Article IV; (ii) in the event that (A) the Standard & Poor's Corporation Claims-Paying Ability rating of Purchaser becomes less than A+ or the Xxxxx'x Investors Service, Inc. Financial Strength rating of Purchaser becomes less than A1 or (B) Purchaser becomes the subject of a delinquency proceeding within ...
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Custodian Account. In accordance with this Agreement and the Account Control Agreement, the Collateral Agent shall, on or prior to the Closing Date, establish at the Custodian a single, segregated, non-interest bearing trust account, which shall be designated as the “Custodian Account”, which shall be maintained by the Borrower with the Custodian in accordance with the Account Control Agreement, to which any Collateral shall be credited by the Securities Intermediary and which shall be subject to the Lien of the Collateral Agent.
Sample 1
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Custodian Account. Notwithstanding the foregoing, under the provisions of Section 4.5 a portion of the aggregate Merger Consideration which each of the InfoAccess shareholders would be otherwise entitled to receive shall instead be held in a custodian account.
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Custodian Account 
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Related to Custodian Account

  • Custodian and Depository The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to act as depository for and to maintain custody of the property of the Trust or any Series or Class and accounting records in connection therewith.

  • Custodian Agreement The Custodian Agreement, dated as of the Closing Date, between the Custodian and the Depositor, as amended, supplemented or modified from time to time. Cutoff Date: June 1, 2016.

  • Custodian TEN ENT as tenants by the entireties (Cust) JT TEN - as joint tenants with rights of Under Uniform Gifts to Minors survivorship and not as tenants in common Act....................... (State) Additional abbreviations may also be used though not in the above list. FORM OF TRANSFER FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto --------------------------------------- ------------------------------------------------------------------------------ PLEASE INSERT SOCIAL SECURITY OR OTHER --------------------------------------- IDENTIFYING NUMBER OF ASSIGNEE --------------------------------------- --------------------------------------- ------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------- Please print or typewrite name and address of assignee ------------------------------------------------------------------------------------------------------------------- the within Certificate and does hereby or irrevocably constitute and appoint ------------------------------------------------------------------------------------------------------------------- to transfer the said Certificate in the Certificate Register of the within-named Trust, with full power of substitution in the premises. Dated:_________________________ _______________________________ NOTICE: The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever. ------------------------------- SIGNATURE GUARANTEED The signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed signatures are not acceptable.

  • Custodian Fee For its services under this Agreement, the Custodian shall be entitled to reasonable compensation to be paid by the Servicer.

  • Collateral Custodian Compensation As compensation for its Collateral Custodian activities hereunder, the Collateral Custodian shall be entitled to the Collateral Custodian Fees from the Borrower as set forth in the Backup Servicer and Collateral Custodian Fee Letter, payable pursuant to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Custodian’s entitlement to receive the Collateral Custodian Fees shall cease on the earlier to occur of: (i) its removal as Collateral Custodian pursuant to Section 13.05, (ii) its resignation as Collateral Custodian pursuant to Section 13.07 of this Agreement or (iii) the termination of this Agreement.

  • Custodian Fees First Trust Retirement, as Custodian, may charge reasonable fees or compensation for its services and may deduct all reasonable expenses incurred by it in the administration of your IRA account, including any legal, accounting, distribution, transfer, termination or other designated fees. The fee for existing account holders will be due to be prepaid and/or collected in the first quarter of every year. If a new account that is applicable to our Custodian Admin fee is opened after the first quarter of the year, that account’s fee will be collected in the last quarter for that year only. The following year it will be treated as an existing account and will be collected in the first quarter. Annual Fee $35 Purchase, Sales, Corporate Actions* $0* *In a listing event, a fee may be taken on liquidations to pay various out of pocket expenses.

  • The Custodian as Foreign Custody Manager Each Fund, by resolution adopted by its Board of Trustees, hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities set forth in this Section 2.3 with respect to Foreign Securities of the Funds held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Funds. The services and duties of the Custodian shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against the Custodian hereunder.

  • Selection of Eligible Foreign Custodian and Contract Administration The Delegate shall perform the following duties with respect to the selection of Eligible Foreign Custodians and administration of certain contracts governing the Fund's foreign custodial arrangements:

  • CUSTODIAN CONTRACT This Contract between each fund or series of a fund listed on Appendix A which evidences its agreement to be bound hereby by executing a copy of this Contract (each such fund is individually hereafter referred to as the "Fund"), and State Street Bank and Trust Company, a Massachusetts trust company, having its principal place of business at 225 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx, 00000, xxreinafter called the "Custodian",

  • Custodian and Fund Accountant The Fund assets shall be maintained in the custody of Investors Bank & Trust Company, 000 Xxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, or such other custodian identified to the Sub-Adviser. Any assets added to the Fund shall be delivered directly to such custodian. The Sub-Adviser shall have no liability for the acts or omissions of any custodian of the Fund’s assets. The Sub-Adviser shall have no responsibility for the segregation requirement of the Act or other applicable law. In addition, at the date of this Sub-Advisory Agreement, MassMutual has contracted with Investors Bank & Trust Company to provide fund accounting services on behalf of the Fund. The Sub-Adviser shall have no liability for the acts or omissions of Investors Bank & Trust Company or such other fund accountant in connection with fund accounting services provided on behalf of the Fund.

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