Common use of Identification of Securities Clause in Contracts

Identification of Securities. Bank shall ensure the securities are at all times properly identified as being held for the appropriate Account. Bank shall segregate physically the securities from other securities or property held by Bank. Bank shall not be required to segregate physically the securities from other securities or property held by Bank for third parties as custodian, but Bank shall maintain adequate records showing the true ownership of the securities.

Appears in 4 contracts

Samples: Custody Agreement (Venture Lending & Leasing VI, Inc.), Custody Agreement (Venture Lending & Leasing V, Inc.), Venture Lending & Leasing Iv Inc

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