Common use of Custody and Holding of Deposited Assets Clause in Contracts

Custody and Holding of Deposited Assets. (a) With respect to each Series, the Trustee shall hold and maintain the Deposited Assets with the Securities Intermediary in and through, and hereby directs the Securities Intermediary to credit any and all such Deposited Assets to, the Certificate Account (all as further provided in this Article II) in such manner as shall enable the Trustee to be and have the rights of an Entitlement Holder with respect to, and have sole dominion and control (including, without limitation, Securities Control) over, such Deposited Assets.

Appears in 65 contracts

Samples: Hexagon ABS Corp., Market Agent Agreement (Merrill Lynch Depositor Inc Pplus Trust Series Val 1), Market Agent Agreement (Merrill Lynch Depositor Inc Preferredplus Trust Series QWS-2)

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