Initial Custodian Sample Clauses

The Initial Custodian clause designates the party or entity responsible for holding certain assets, documents, or funds at the outset of an agreement. Typically, this clause specifies who will act as the custodian, outlines their duties, and may detail the conditions under which they must safeguard or release the items in their care. By clearly identifying the initial custodian and their responsibilities, this clause ensures proper handling and security of important materials, reducing the risk of disputes or loss at the beginning of a transaction or relationship.
Initial Custodian. The role of Custodian with respect to the Collateral Loans shall be conducted by the Person designated as Custodian hereunder from time to time in accordance with this Section 14.01. Until the Administrative Agent shall give to U.S. Bank National Association a Custodian Termination Notice, U.S. Bank National Association is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Custodian pursuant to the terms hereof.
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Initial Custodian. The role of Custodian with respect to the Collateral Loans shall be conducted by the Person designated as Custodian hereunder from time to time in accordance with this Section 14.01. Until the Administrative Agent shall give to Citibank a Custodian Termination Notice, Citibank is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Custodian pursuant to the terms hereof.
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Initial Custodian. The Custodian shall initially be ChaseMellon. Exhibit C -- MetLife Policyholder Trust Agreement
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Initial Custodian. The role of Custodian with respect to the Required Loan Documents shall be conducted by the Person designated as Custodian hereunder from time to time in accordance with Section 14.2. The Custodian hereby accepts such agency appointment to act as Custodian pursuant to the terms of this Agreement, until its resignation or removal as Custodian pursuant to the terms hereof.
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Initial Custodian. The Custodian shall initially be ChaseMellon.
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Initial Custodian. Each of the Borrower, the Lender Agents and the Administrative Agent hereby designate and appoint U.S. Bank National Association to act as its agent and hereby authorizes the Custodian to take such actions on its behalf and to exercise such powers and perform such duties as are expressly granted to the Custodian by this Agreement. U.S. Bank National Association hereby accepts such agency appointment to act as the Custodian pursuant to the terms of this Agreement, until its resignation or removal as the Custodian pursuant to the terms hereof.
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Initial Custodian. The role of Custodian with respect to the SBA 7 (a) Note Receivable Collateral shall be conducted by the Person designated as Custodian under the Custodial Agreement or as approved by the Administrative Agent from time to time. As of the Closing Date, U.S. Bank National Association is the Custodian.
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Initial Custodian. 17 TABLE OF CONTENTS (continued)
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Related to Initial Custodian

  • Collateral Custodian Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent or its designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent or its designee who shall have full authority to do all acts necessary to protect the Agents’ and the Lenders’ interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent or its designee may reasonably request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent or its designee by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.

  • SUB-CUSTODIANS Upon receipt of Proper Instructions, the Custodian shall on behalf of a Fund appoint one or more banks, trust companies or other entities located in the United States and designated in the Proper Instructions to act as a sub-custodian for the purposes of effecting such transactions as may be designated by the Fund in the Proper Instructions. The Custodian may place and maintain each Fund’s foreign securities with foreign banking institution sub-custodians employed by the Custodian or foreign securities depositories, all in accordance with the applicable provisions of Sections 4 and 5. An entity acting in the capacity of Underlying Transfer Agent is not an agent or sub-custodian of the Custodian for purposes of this Agreement.

  • Initial Collateral Custodian The role of Collateral Custodian with respect to the Required Loan Documents shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 11.01. The Administrative Agent hereby designates and appoints the Collateral Custodian to act as its agent and hereby authorizes the Collateral Custodian to take such actions on its behalf and to exercise such powers and perform such duties as are expressly granted to the Collateral Custodian by this Agreement. The Collateral Custodian hereby accepts such agency appointment to act as Collateral Custodian pursuant to the terms of this Agreement, until its resignation or removal as Collateral Custodian pursuant to the terms hereof.