Holding Collateral Clause Samples

Holding Collateral. The Secured Party shall cause any Custodian appointed hereunder to open and maintain a segregated account and to hold, record and identify all the Posted Collateral in such segregated account and, subject to Paragraph 8(a), such Posted Collateral shall at all times be and remain the property of the Pledgor and shall at no time constitute the property of, or be commingled with the property of, the Secured Party or the Custodian.
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Holding Collateral. Notwithstanding the Secured Party’s right to use Posted Collateral pursuant to Paragraphs 6(c) and to exercise its rights and remedies as a secured party pursuant to Paragraph 8(a), the Secured Party and its Custodian shall use appropriate accounting and recordkeeping procedures to segregate on their books and records all Posted Collateral from their respective proprietary assets.
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Holding Collateral. Paragraph 6 (a) is hereby amended by adding the following sentence to the end thereof: “The Secured Party shall segregate and separately account on its books and records the Posted Collateral (including for the sake of clarity, any cash proceeds of or distribution on such Posted Collateral) held by it from all other assets it may hold. Segregation may be accomplished by appropriate identification on the books and records of the Secured Party.”
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Holding Collateral. Expedia shall not be required to hold the Security Deposit or any letter of credit proceeds in a separate account and may co-mingle them with Expedia’s other funds. Expedia owes no fiduciary obligations to Decolar in respect of the Security Deposit, or such proceeds and Expedia shall not be obliged to pay Decolar any interest in respect thereof. Expedia will hold the Security Deposit and such proceeds as Expedia’s property. In the event that Decolar is found to have any rights in the Security Deposit or such proceeds, Decolar hereby grants Expedia a security interest therein as collateral.
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Holding Collateral. The Secured Party shall cause any Custodian appointed hereunder to open and maintain a segregated account which is an Eligible Account (the “Floor Collateral Account”) and to hold, record and identify all the Posted Collateral therein and, subject to Paragraphs 6(c) and 8(a), such Posted Collateral shall at all times be and remain the property of the Pledgor and shall at no time constitute the property of, or be commingled with the property of, the Secured Party or the Custodian. Floor Collateral Account details are as follows: ▇▇▇▇▇ Fargo Bank, NA ABA #▇▇▇▇▇▇▇▇▇ Account Name: SAS Clearing Account #▇▇▇▇▇▇▇▇▇▇ FFC to: DBALT 2007-OA3 Floor Collateral Account # ▇▇▇▇▇▇▇▇.
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Holding Collateral. The Secured Party shall cause any Custodian appointed hereunder to open and maintain a segregated account which is an Eligible Account (the “Cap Collateral Account or the Floor Collateral Account”) and to hold, record and identify all the Posted Collateral therein and, subject to Paragraphs 6(c) and 8(a), such Posted Collateral shall at all times be and remain the property of the Pledgor and shall at no time constitute the property of, or be commingled with the property of, the Secured Party or the Custodian. Cap Collateral Account and Floor Collateral Account details are as follows: ▇▇▇▇▇ Fargo Bank, NA ABA #▇▇▇▇▇▇▇▇▇ Account Name: SAS Clearing Account #▇▇▇▇▇▇▇▇▇▇ FFC to: DBALT 2007-OA2 Cap Collateral Account #▇▇▇▇▇▇▇▇; and ▇▇▇▇▇ Fargo Bank, NA ABA #▇▇▇▇▇▇▇▇▇ Account Name: SAS Clearing Account #▇▇▇▇▇▇▇▇▇▇ FFC to: ▇▇▇▇▇ ▇▇▇▇-▇▇▇ ▇▇▇▇▇ Collateral Account #▇▇▇▇▇▇▇▇.
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Holding Collateral. The Secured Party shall cause any Custodian appointed hereunder to open and maintain a segregated account and to hold, record and identify all the Posted Collateral in such segregated account and, subject to Paragraphs 6(c) and 8(a), such Posted Collateral shall at all times be and remain the property of the Pledgor and shall at no time constitute the property of, or be commingled with the property of, the Secured Party or the Custodian. CREDIT SUISSE FIRST BOSTON LONG BEACH MORTGAGE LOAN TRUST 2005-WL2 INTERNATIONAL By Deutsche Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of Long Beach Mortgage Loan Trust 2005-WL2 By:____________________________ By:________________________________ Name: Name: Title: Title: By:____________________________ By:________________________________ Name: Name: Title: Title: Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy of this Confirmation enclosed for that purpose and returning it to us. Yours faithfully, Credit Suisse First Boston International By:_____________________________________ Name: Title: Confirmed as of the date first written above: Long Beach Mortgage Loan Trust 2005-WL2 By Deutsche Bank National Trust Company, not in its individual capacity but solely as Trustee on behalf of the Trust By:___________________________________ Name: Title: By:___________________________________ Name: Title: ▇▇▇▇▇▇▇ ▇-▇ FORM OF GROUP II SENIOR CAP AGREEMENT FACSIMILE COVER SHEET To: Long Beach Mortgage Loan Trust 2005-WL2 Attention: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, CSFBi Marketer Fax number: To be hand delivered by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Date: 30 August 2005 Pages (including cover page): 7 Our Reference No: External ID: 53079417N3 / Risk ID: 447309978 / 993 Credit Suisse First Boston International has entered into a transaction with you as attached. Please find attached a letter agreement (the "Confirmation") which confirms the terms and conditions of the above transaction. If you agree with the terms specified therein, PLEASE ARRANGE FOR THE CONFIRMATION TO BE SIGNED BY YOUR AUTHORISED SIGNATORIES and return a signed copy to this office to the facsimile listed below.
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Holding Collateral. The Secured Party shall cause any Custodian appointed hereunder to open and maintain a segregated account and to hold, record and identify all the Posted Collateral in such segregated account and, subject to Paragraph 8(a), such Posted Collateral shall at all times be and remain the property of the Pledgor and shall at no time constitute the property of, or be commingled with the property of, the Secured Party or the Custodian. Agreement as to Single Secured Party and Pledgor. Party A and Party B agree that, notwithstanding anything to the contrary in this Annex, (a) the term "Secured Party" as used in this Annex means only Party B, (b) the term "Pledgor" as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9 and (d) Party A shall have no obligations under this Annex other than during a Collateral Requirement Period.
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Related to Holding Collateral

  • Collateral Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not relying upon any "margin stock" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

  • Security Interest in Financed Vehicles Immediately prior to the transfer of the Receivables by the Depositor to the Trust, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle, or all necessary and appropriate actions shall have been commenced that would result in the valid perfection of a first priority security interest in favor of the Seller in the Financed Vehicle, which security interest has been validly assigned by the Seller to the Depositor pursuant to the Receivables Purchase Agreement and by the Depositor to the Trust hereunder.

  • Concerning Collateral Agent (a) The Collateral Agent has been appointed as collateral agent pursuant to the Credit Agreement. The actions of the Collateral Agent hereunder are subject to the provisions of the Credit Agreement. The Collateral Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including the release or substitution of the Pledged Collateral), in accordance with this Agreement and the Credit Agreement. The Collateral Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact selected by it in good faith. The Collateral Agent may resign and a successor Collateral Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the Collateral Agent by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent under this Agreement, and the retiring Collateral Agent shall thereupon be discharged from its duties and obligations under this Agreement. After any retiring Collateral Agent’s resignation, the provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement while it was the Collateral Agent. (b) The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if such Pledged Collateral is accorded treatment substantially equivalent to that which the Collateral Agent, in its individual capacity, accords its own property consisting of similar instruments or interests, it being understood that neither the Collateral Agent nor any of the Secured Parties shall have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Collateral, whether or not the Collateral Agent or any other Secured Party has or is deemed to have knowledge of such matters or (ii) taking any necessary steps to preserve rights against any person with respect to any Pledged Collateral. (c) The Collateral Agent shall be entitled to rely upon any written notice, statement, certificate, order or other document or any telephone message believed by it to be genuine and correct and to have been signed, sent or made by the proper person, and, with respect to all matters pertaining to this Agreement and its duties hereunder, upon advice of counsel selected by it. (d) If any item of Pledged Collateral also constitutes collateral granted to the Collateral Agent under any other deed of trust, mortgage, security agreement, pledge or instrument of any type, in the event of any conflict between the provisions hereof and the provisions of such other deed of trust, mortgage, security agreement, pledge or instrument of any type in respect of such collateral, the Collateral Agent, in its sole discretion, shall select which provision or provisions shall control.

  • Cap Collateral Reserved.