Daily Transactions; Summary of Transfers. The Custodian shall make available to the Borrower and the Collateral Administrator on a daily basis a listing of all transactions and amounts involving Account Property, on both a settlement date and trade date basis, including all transfers to or from the Custodial Account and the Interest Reserve Account and a listing of all amounts constituting Collections in respect of the Account Property, in all cases no later than 5 p.m. (Washington, D.C. time) each Business Day for such transactions or amounts received prior to 4 p.m. (Washington, D.C. time) on such Business Day; it being understood that any transactions or amounts received after 4 p.m. (Washington, D.C. time) on such Business Day shall be included in the listing for the following Business Day. The Custodian shall also provide to the Borrower a listing of daily transactions which have settled on such date and a discrepancy report which sets forth all trades which have not settled in a timely manner. The Custodian shall reasonably cooperate with the Borrower to resolve all issues related to such failed trades.
Appears in 6 contracts
Samples: Guarantee and Security Agreement, Guarantee and Security Agreement, Custodial Agreement (Nuveen Mortgage Opportunity Term Fund 2)
