Depositary hereunder Sample Clauses
The 'Depositary hereunder' clause defines the role and responsibilities of the depositary appointed under the agreement. It typically outlines the depositary's duties in holding, safeguarding, and administering assets or documents on behalf of the parties, and may specify procedures for instructions, reporting, and liability. This clause ensures that there is a clear, designated party responsible for the custody and management of certain assets, thereby reducing risk and providing clarity regarding asset handling within the contractual relationship.
Depositary hereunder shall only act solely as agent for the Company under this Deposit Agreement and owes no duties hereunder to any other person;
Depositary hereunder. The Company has appointed The Depository Trust Company as the initial Depositary for the Notes.
Depositary hereunder shall have no duties or obligations other than those specifically set forth herein, or as may subsequently be agreed to in writing by the parties.
Depositary hereunder. Any retiring Book-Entry Unit Depositary shall, nonetheless, retain a prior claim upon all property or funds held or collected by such Book-Entry Unit Depositary to secure any amounts then due it pursuant to Section 1206.