Common use of Custody of Participant Loan Documents Clause in Contracts

Custody of Participant Loan Documents. Pentegra is further authorized and is hereby appointed by the Named Fiduciary and the Company to act as custodian for the Trustee of all original promissory notes and security agreements which shall be held subject to the order of the Trustee. In the event that such custodianship is terminated by Pentegra, the Named Fiduciary or the Trustee, the Named Fiduciary shall retain the originals of all promissory notes and security agreements as custodian for the Trustee.

Appears in 10 contracts

Samples: Adoption Agreement (Northeast Community Bancorp Inc), Trust Agreement (HMN Financial Inc), Trust Agreement (Steelton Bancorp Inc)

AutoNDA by SimpleDocs

Custody of Participant Loan Documents. Pentegra is further authorized ------------------------------------- and is hereby appointed by the Named Fiduciary and the Company to act as custodian for the Trustee of all original promissory notes and security agreements which shall be held subject to the order of the Trustee. In the event that such custodianship is terminated by Pentegra, the Named Fiduciary or the Trustee, the Named Fiduciary shall retain the originals of all promissory notes and security agreements as custodian for the Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Kearny Financial Corp.), Trust Agreement (American Bancorp of New Jersey Inc)

Custody of Participant Loan Documents. Pentegra is further authorized and is hereby appointed by the Named Fiduciary and the Company to act as custodian for the Trustee of all original promissory notes and security agreements which shall be held subject to the order of the Trustee. In the event that such custodianship is terminated by Pentegra, the Named Fiduciary or of the Trustee, the Named Fiduciary shall retain the originals of all promissory notes and security agreements as custodian for the Trustee.

Appears in 1 contract

Samples: Trust Agreement (RFS Bancorp Inc)

AutoNDA by SimpleDocs

Custody of Participant Loan Documents. Pentegra is further authorized and is hereby appointed by the Named Fiduciary and the Company to act as custodian for the Trustee of all original promissory notes and security agreements which shall be held subject to the order of the Trustee. In the event that such custodianship is terminated by Pentegra, the Named Fiduciary or the TrusteeTrustee terminates such custodianship, the Named Fiduciary shall retain the originals of all promissory notes and security agreements as custodian for the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Cecil Bancorp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!