Common use of Deposit of Assets Clause in Contracts

Deposit of Assets. (a) This Trust Agreement has been established for the sole use and benefit of the Beneficiary. (b) There is hereby created and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer to the Trustee, for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited on behalf of the Grantor and the Grantor shall be considered the grantor of such Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts maintained by the Trustee with any Federal Reserve Bank or with any nationally recognized securities depository such as the Depository Trust Company or the Participants Trust Company. Assets may be held in the name of a nominee maintained by the Trustee. (f) Upon receipt of any Assets that the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are in such form that the Beneficiary or the Trustee, upon written direction of the Beneficiary may, whenever necessary, negotiate any such Assets, without consent or signature from the Grantor or any other person or entity other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entity. (g) The Trustee shall furnish to the Grantor and the Beneficiary a statement of all Assets held in the Trust Account upon inception of this Trust Agreement and at intervals no less frequent than the end of each calendar quarter thereafter.

Deposit of Assets. (a) This On or before the Effective Date, Grantor shall deposit assets consisting of Eligible Assets in compliance with the Investment Guidelines (the “Assets”). The Assets deposited in the Reinsurance Trust Agreement has been established for Account shall be valued according to their current fair market value, shall consist only of Eligible Assets and shall be invested in accordance with the sole use Investment Guidelines or as otherwise agreed upon by Grantor and benefit of the Beneficiary. (b) There is hereby created Trustee will accept and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer credit to the Trustee, Reinsurance Trust Account all Assets which from time to time are delivered to it for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Reinsurance Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited or on behalf of the Grantor and the Grantor shall be considered the grantor of such or Beneficiary. Trustee may deposit any Eligible Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Reinsurance Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts account maintained by at the Trustee with any Federal Reserve Bank of New York or in depositories selected with any nationally recognized securities depository due care (such as the The Depository Trust Company or the Participants Trust Company). Assets may be held in the name of a nominee maintained by Trustee or any such depository. Trustee is authorized and shall have the power to receive such Assets and to hold, invest, reinvest and dispose of the same for the uses and purposes of and according to the provisions herein set forth. All Assets shall be maintained by Trustee in the Reinsurance Trust Account separate and distinct from all other assets under the control of or on the books of Trustee and shall be received and continuously kept in a safe place at Trustee.’s office within the United States of America (fc) Upon receipt of Grantor shall ensure that (i) any Assets that transferred to Trustee for deposit in the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are Reinsurance Trust Account will be in such form that the Beneficiary Beneficiary, or the TrusteeTrustee upon direction by Beneficiary, upon written direction of the Beneficiary may, may whenever necessary, necessary negotiate any such Assets, without consent or signature from the Grantor or any other person or entity in accordance with the terms of this Reinsurance Trust Agreement, (ii) all Assets transferred to Trustee for deposit in the Reinsurance Trust Account will consist only of Eligible Assets, and (iii) each such Asset shall be at the time of transfer free and clear of all claims, liens, interests and encumbrances whatsoever (other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entitythose arising under this Reinsurance Trust Agreement). (gd) The Trustee shall furnish have no responsibility to determine whether the Assets in the Reinsurance Trust Account are sufficient to secure Grantor’s obligations to Beneficiary. Furthermore, Trustee shall have no responsibility whatsoever to determine whether Assets transferred to the Grantor and the Beneficiary a statement of all Assets held in the Reinsurance Trust Account upon inception of this Trust Agreement and at intervals no less frequent than the end of each calendar quarter thereafterconstitute Eligible Assets.

Deposit of Assets. (a) This On or before the Effective Date, Grantor shall deposit assets consisting of assets in compliance with the Investment Guidelines (the “Assets”). The Assets deposited in the Supplemental Trust Agreement has been established for Account shall be valued according to their current fair market value and shall be invested in accordance with the sole use Investment Guidelines or as otherwise agreed upon by Grantor and benefit of the Beneficiary. (b) There is hereby created Trustee will accept and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer credit to the Trustee, Supplemental Trust Account all Assets which from time to time are delivered to it for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Supplemental Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited or on behalf of the Grantor and the Grantor shall be considered the grantor of such or Beneficiary. Trustee may deposit any Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Supplemental Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts account maintained by at the Trustee with any Federal Reserve Bank of New York or in depositories selected with any nationally recognized securities depository due care (such as the The Depository Trust Company or the Participants Trust Company). Assets may be held in the name of a nominee maintained by Trustee or any such depository. Trustee is authorized and shall have the power to receive such Assets and to hold, invest, reinvest and dispose of the same for the uses and purposes of and according to the provisions herein set forth. All Assets shall be maintained by Trustee in the Supplemental Trust Account separate and distinct from all other assets under the control of or on the books of Trustee and shall be received and continuously kept in a safe place at Trustee’s office within the United States of America. (fc) Upon receipt of Grantor shall ensure that (i) any Assets that transferred to Trustee for deposit in the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are Supplemental Trust Account will be in such form that the Beneficiary Beneficiary, or the TrusteeTrustee upon direction by Beneficiary, upon written direction of the Beneficiary may, may whenever necessary, necessary negotiate any such Assets, without consent or signature from the Grantor or any other person or entity in accordance with the terms of this Supplemental Trust Agreement, and (ii) each such Asset shall be at the time of transfer free and clear of all claims, liens, interests and encumbrances whatsoever (other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entitythose arising under this Supplemental Trust Agreement). (gd) The Trustee shall furnish have no responsibility to determine whether the Assets in the Supplemental Trust Account are sufficient to secure Grantor’s obligations to Beneficiary. Furthermore, Trustee shall have no responsibility whatsoever to determine whether Assets transferred to the Grantor and the Beneficiary a statement of all Assets held in the Supplemental Trust Account upon inception of this Trust Agreement and at intervals no less frequent than meet the end of each calendar quarter thereafterInvestment Guidelines.

Deposit of Assets. The Trust hereby authorizes the Custodian to deposit assets of the Funds as follows: (a) This With another bank licensed and regularly examined by the United States or any state thereof as the Trust Agreement has been established for the sole use and benefit of the Beneficiaryshall permit by Written or Oral Instructions. (b) There is hereby created and established In the Custodian or Sub-Custodian's account(s) with any Securities Depository as the Trust shall permit by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the TrusteeWritten or Oral Instruction. (c) Upon execution of this Trust AgreementBook-Entry Securities belonging to a Fund in a Book-Entry Account maintained for the Custodian. So long as any deposit referred to in (b) or (c) above is maintained for a Fund, the Grantor shall transfer Custodian shall: (i) deposit the Securities in an account that includes only assets held by the Custodian for customers; (ii) send the Trust a confirmation (i.e., an advice of notice of transaction) of any transfers of the Trust or a Fund to or from the account; (iii) with respect to Securities of a Fund transferred to the Trusteeaccount, for deposit identify as belonging to the Fund a quantity of securities in a fungible bulk of securities that are registered in the Trust Accountname of the Custodian or its nominee, the Assets listed on Exhibit A hereto, and may transfer or credited to the Trustee, for deposit Custodian's account on the books of a Securities Depository or the Custodian's agent; (iv) promptly send to the Trust Account, all reports it receives from the appropriate Federal Reserve Bank or Securities Depository on its respective system of internal accounting control; and (v) send to the Trust such other Assets reports of the systems of internal accounting control of the Custodian and its agents through which Securities are deposited as it are available and as the Trust may reasonably request from time to time desire time. Anything to the contrary in this Agreement notwithstanding, the Custodian shall be liable to the Trust (for the account of each Fund) for any loss or be requireddamage to the applicable Fund(s) resulting from the negligence (including failure to act), fault or willful misconduct of the Custodian, its agents or employees in selecting or using a Securities Depository or Book-Entry Account. The Trustee Custodian shall not be responsible to monitor, collect waive any rights it may have against a Securities Depository or enforce collection of contributions to the Account. (d) Federal Reserve Bank. The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited on behalf of the Grantor and affected Fund may elect to be subrogated to the Grantor shall be considered rights of the grantor of such Assets for all purposes of this Agreement. (e) All Assets deposited with Custodian against the Trustee shall be held in the Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts maintained by the Trustee with any Securities Depository or Federal Reserve Bank or with any nationally recognized securities depository such as the Depository Trust Company or the Participants Trust Company. Assets may be held in the name of a nominee maintained by the Trustee. (f) Upon receipt of any Assets that the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are in such form that the Beneficiary or the Trustee, upon written direction of the Beneficiary may, whenever necessary, negotiate any such Assets, without consent or signature from the Grantor or any other person with respect to any claim that the Custodian may have as a consequence of any such loss or entity other than Trustee’s agent. The Grantor covenants damage, if and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order extent that the Beneficiary, Trust or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate affected Fund has not been made whole for any such Assets without consent loss or signature from the Grantor or any other entitydamage. (g) The Trustee shall furnish to the Grantor and the Beneficiary a statement of all Assets held in the Trust Account upon inception of this Trust Agreement and at intervals no less frequent than the end of each calendar quarter thereafter.

Deposit of Assets. (a) This Trust Agreement has been established for the sole use and benefit of the Beneficiary. (b) There is hereby created and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer to the Trustee, for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited on behalf of the Grantor and the Grantor shall be considered the grantor of such Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts maintained by the Trustee with any Federal Reserve Bank or with any nationally recognized securities depository such as the Depository Trust Company or the Participants Trust Company. Assets may be held in the name of a nominee maintained by the Trustee. (f) Upon receipt of any Assets that the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are in such form that the Beneficiary or the Trustee, upon written direction of the Beneficiary may, whenever necessary, negotiate any such Assets, without consent or signature from the Grantor or any other person or entity other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entity.. ​ (g) The Trustee shall furnish to the Grantor and the Beneficiary a statement of all Assets held in the Trust Account upon inception of this Trust Agreement and at intervals no less frequent than the end of each calendar quarter thereafter.. ​

Deposit of Assets. (a) This On or before the Effective Date, Grantor shall deposit assets consisting of Eligible Assets (the “Assets”). The Assets deposited in the Trust Agreement has been established for the sole use Account shall be valued according to their current fair market value, shall consist only of Eligible Assets and benefit of the shall be invested as agreed upon by Grantor and Beneficiary. (b) There is hereby created Trustee will accept and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer credit to the Trustee, Trust Account all Assets which from time to time are delivered to it for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire Account by or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited on behalf of the Grantor and the Grantor shall be considered the grantor of such or Beneficiary. Trustee may deposit any Eligible Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts account maintained by at the Trustee with any Federal Reserve Bank of New York or in depositories selected with any nationally recognized securities depository due care (such as the The Depository Trust Company or the Participants Trust Company). Assets may be held in the name of a nominee maintained by Trustee or any such depository. Trustee is authorized and shall have the power to receive such Assets and to hold and dispose of the same for the uses and purposes of and according to the provisions herein set forth. All Assets shall be maintained by Trustee in the Trust Account separate and distinct from all other assets under the control of or on the books of Trustee and shall be received and continuously kept in a safe place at Trustee’s office within the United States of America. (fc) Upon receipt of any Assets that the Trustee holds in a depository account (i.e.Grantor shall ensure, DTC, Federal Reserve System, Euroclear), the and Trustee shall determine that that, any Assets transferred to Trustee for deposit in the Assets Trust Account are in such form that the Beneficiary Beneficiary, or the TrusteeTrustee upon direction by Beneficiary, upon written direction of the Beneficiary may, may whenever necessary, necessary negotiate any such Assets, without consent or signature from the Grantor or any other person or entity other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets in accordance with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee terms of all shares, obligations or any other Assets requiring assignments, in order this New York Trust Agreement. Grantor also shall ensure that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entity. (gi) The Trustee shall furnish to the Grantor and the Beneficiary a statement of all Assets held transferred to Trustee for deposit in the Trust Account upon inception will consist only of Eligible Assets, and (ii) each such Asset shall be at the time of transfer free and clear of all claims, liens, interests and encumbrances whatsoever (other than those arising under this New York Trust Agreement and at intervals Agreement). (d) Trustee shall have no less frequent than responsibility whatsoever to determine whether Assets transferred to the end of each calendar quarter thereafterTrust Account constitute Eligible Assets.

Deposit of Assets. (a) This The 2021 Trust, as governed by this Trust Agreement has been Agreement, is hereby established for the sole use and benefit of the Beneficiary. (b) There is hereby created and established by the Grantor with the Trustee a trust account (the “Trust Account”) Account into which all assets to be deposited hereunder (the “Assets”) Assets shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Beneficiary shall deposit the Net Reinsurance Premium on behalf of the Grantor shall transfer to the Trustee, for deposit in into the Trust Account, Account in accordance with Section 3.1(a) of the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the AccountLPT Agreement. (d) The Beneficiary shall be permitted from time (i) update and maintain Schedule A as necessary to time reflect any change in the amount of Assets required pursuant to Sections 13(b), 13(c) and 13(d) of the LPT Agreement and (ii) deliver Assets to the Trustee for deposit into a written certificate confirming any such change in the amount of Assets, including instructing the Trustee to return to the Grantor any amounts paid by Grantor to the Trust Account as permitted by Section 7.03(b)(ii) pursuant to an updated Schedule A that proves to have been in excess of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited on behalf of the Grantor and the Grantor shall be considered the grantor of amount so required at such Assets for all purposes of this Agreementtime. (e) All Assets deposited with the Trustee shall be held in the Trust Account by the Trustee in a safe place at the Trustee’s offices in The the United States of America, including in any book-entry accounts maintained by the Trustee with any Federal Reserve Bank or with any nationally recognized securities depository such as the Depository Trust Company or the Participants Trust Company. Assets may be held in the name of a nominee maintained by the Trustee. (f) Upon receipt of any Assets that the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear)Assets, the Trustee shall determine that the Assets are in such form that the Beneficiary or the Trustee, upon written direction of the Beneficiary may, whenever necessary, negotiate any such Assets, without consent or signature from the Grantor or any other person or entity other than Trustee’s agententity. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary Beneficiary, may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entity. (g) The Trustee shall notify the Grantor and the Beneficiary, within ten (10) calendar days, of any deposit of Assets into the Trust Account. (h) The Trustee shall furnish to the Grantor and the Beneficiary a statement of all Assets held in the Trust Account upon inception of this Trust Agreement and at intervals no less frequent than the end of each calendar quarter month thereafter.

Deposit of Assets. (a) This On or before the Effective Date, Grantor shall deposit assets consisting of assets in compliance with the Investment Guidelines (the “Assets”). The Assets deposited in the Supplemental Trust Agreement has been established for Account shall be valued according to their current fair market value and shall be invested in accordance with the sole use Investment Guidelines or as otherwise agreed upon by Grantor and benefit of the Beneficiary. (b) There is hereby created Trustee will accept and established by the Grantor with the Trustee a trust account (the “Trust Account”) into which all assets to be deposited hereunder (the “Assets”) shall be received and held by the Trustee. (c) Upon execution of this Trust Agreement, the Grantor shall transfer credit to the Trustee, Supplemental Trust Account all Assets which from time to time are delivered to it for deposit in the Trust Account, the Assets listed on Exhibit A hereto, and may transfer to the Trustee, for deposit to the Trust Account, such other Assets as it may from time to time desire or be required. The Trustee shall not be responsible to monitor, collect or enforce collection of contributions to the Account. (d) The Beneficiary shall be permitted from time to time to deliver Assets to the Trustee for deposit into the Supplemental Trust Account as permitted by Section 7.03(b)(ii) of the Reinsurance Agreement. All Assets delivered by the Beneficiary for deposit into the Trust Account shall be considered deposited or on behalf of the Grantor and the Grantor shall be considered the grantor of such or Beneficiary. Trustee may deposit any Assets for all purposes of this Agreement. (e) All Assets deposited with the Trustee shall be held in the Supplemental Trust Account by the Trustee in a safe place at the Trustee’s offices in The United States of America, including in any book-entry accounts account maintained by at the Trustee with any Federal Reserve Bank of New York or in depositories selected with any nationally recognized securities depository due care (such as the The Depository Trust Company or the Participants Trust Company). Assets may be held in the name of a nominee maintained by Trustee or any such depository. Trustee is authorized and shall have the power to receive such Assets and to hold, invest, reinvest and dispose of the same for the uses and purposes of and according to the provisions herein set forth. All Assets shall be maintained by Trustee in the Supplemental Trust Account separate and distinct from all other assets under the control of or on the books of Trustee and shall be received and continuously kept in a safe place at Trustee’s office within the United States of America. (fc) Upon receipt of Grantor shall ensure that (i) any Assets that transferred to Trustee for deposit in the Trustee holds in a depository account (i.e., DTC, Federal Reserve System, Euroclear), the Trustee shall determine that the Assets are Supplemental Trust Account will be in such form that the Beneficiary Beneficiary, or the TrusteeTrustee upon direction by Beneficiary, upon written direction of the Beneficiary may, may whenever necessary, necessary negotiate any such Assets, without consent or signature from the Grantor or any other person or entity in accordance with the terms of this New York Supplemental Trust Agreement, and (ii) each such Asset shall be at the time of transfer free and clear of all claims, liens, interests and encumbrances whatsoever (other than Trustee’s agent. The Grantor covenants and agrees that prior to depositing any Assets with the Trustee, it will have executed assignments, endorsements in blank, or transferred legal title to the Trustee of all shares, obligations or any other Assets requiring assignments, in order that the Beneficiary, or the Trustee upon the written direction of the Beneficiary may whenever necessary negotiate any such Assets without consent or signature from the Grantor or any other entitythose arising under this New York Supplemental Trust Agreement). (gd) The Trustee shall furnish have no responsibility to determine whether the Assets in the Supplemental Trust Account are sufficient to secure Grantor’s obligations to Beneficiary. Furthermore, Trustee shall have no responsibility whatsoever to determine whether Assets transferred to the Grantor and the Beneficiary a statement of all Assets held in the Supplemental Trust Account upon inception of this Trust Agreement and at intervals no less frequent than meet the end of each calendar quarter thereafterInvestment Guidelines.