Duties and Services of Custodian. (i) Custodian agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(14) of the UCC, with respect to the Securities Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 4 contracts
Samples: Custodial Agreement (Starwood Property Trust, Inc.), Master Repurchase and Securities Contract (Starwood Property Trust, Inc.), Custodial Agreement (Starwood Property Trust, Inc.)
Duties and Services of Custodian. (i) Custodian agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(14) of the UCC, with respect to the Securities Collateral Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 4 contracts
Samples: Custodial Agreement (Starwood Property Trust, Inc.), Master Repurchase and Securities Contract (Starwood Property Trust, Inc.), Custodial Agreement (Starwood Property Trust, Inc.)
Duties and Services of Custodian. (i) Custodian Xxxxxxxxx agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(14) of the UCC, with respect to the Securities Collateral Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 2 contracts
Samples: Repurchase Documents (Ares Commercial Real Estate Corp), Guarantee Agreement (Ares Commercial Real Estate Corp)
Duties and Services of Custodian. (i) Custodian Xxxxxxxxx agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(14) of the UCC, with respect to the Securities Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 2 contracts
Samples: Repurchase Documents (Ares Commercial Real Estate Corp), Guarantee Agreement (Ares Commercial Real Estate Corp)
Duties and Services of Custodian. (i) Custodian agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(148‑102(a)(14) of the UCC, with respect to the Securities Collateral Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 1 contract
Samples: Master Repurchase and Securities Contract (Starwood Property Trust, Inc.)
Duties and Services of Custodian. (i) Custodian i)Custodian agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(148‑102(a)(14) of the UCC, with respect to the Securities Collateral Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(8) of the UCC.
Appears in 1 contract
Samples: Master Repurchase and Securities Contract (Starwood Property Trust, Inc.)
Duties and Services of Custodian. (i) Custodian agrees that it is acting as a “securities intermediary,” as defined in Section 8-102(a)(148‑102(a)(14) of the UCC, with respect to the Securities Account and the Collateral credited thereto. The Custodian agrees, with respect to the Deposit Account, that it is acting as a “bank,” as defined in Section 9-102(a)(89‑102(a)(8) of the UCC.
Appears in 1 contract
Samples: Master Repurchase and Securities Contract (Starwood Property Trust, Inc.)
