Common use of Eligibility to Hold Posted Collateral; Custodians Clause in Contracts

Eligibility to Hold Posted Collateral; Custodians. Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee for the Notes (as defined in the Indenture) for Party B. Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association, not in its individual capacity, but solely as Indenture Trustee under the Indenture.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wcw3), Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2), Pooling and Servicing Agreement (Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2005-2)

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Eligibility to Hold Posted Collateral; Custodians. (1) Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee Securities Administrator for the Notes Certificates (as defined in the IndenturePooling and Servicing Agreement) for Party B. Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association, not is: to be advised in its individual capacity, but solely as Indenture Trustee under the Indenture.writing by Party B to Party A.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2007-Aa5)

Eligibility to Hold Posted Collateral; Custodians. Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee Securities Administrator for the Notes (as defined in the Indenture) for Party B. Certificates. The Custodian shall have a short-term unsecured and unsubordinated debt rating from S&P of at least β€œA-1.” Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association, not is: to be advised in its individual capacity, but solely as Indenture Trustee under the Indenture.writing by Party B to Party A.

Appears in 1 contract

Samples: Master Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1)

Eligibility to Hold Posted Collateral; Custodians. (1) Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee Securities Administrator for the Notes Certificates (as defined in the Indenture) for Party B. Pooling and Servicing Agreement). Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association, not in its individual capacity, but solely as Indenture Trustee under is: the IndentureSecurities Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2007-Aa5)

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Eligibility to Hold Posted Collateral; Custodians. Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee for the Notes (as defined in the Indenture) for Party B. Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association____________________, not in its individual capacity, but solely as Indenture Trustee under the Indenture.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)

Eligibility to Hold Posted Collateral; Custodians. Party B is not and will not be entitled to hold Posted Collateral. Party B's Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the Custodian for Party B shall be the same banking institution that acts as Indenture Trustee for the Notes Certificates (as defined in the IndenturePooling and Servicing Agreement) for Party B. Initially, the Custodian for Party B is Xxxxx Fargo Bank, National Association, not : to be advised in its individual capacity, but solely as Indenture Trustee under the Indenture.writing by Party B to Party A.

Appears in 1 contract

Samples: Securitized Asset Backed Receivables LLC Trust 2006-Cb5

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