Common use of Security Interest of Indenture Trustee Clause in Contracts

Security Interest of Indenture Trustee. Delivery of any Funding Agreement or Guarantee to the Custodian shall, without any further act or condition, constitute conclusive evidence against the applicable Trust and all third parties of the Indenture Trustee's security interest therein.

Appears in 3 contracts

Samples: Custodial Agreement (Principal Financial Group Inc), Custodial Agreement (Principal Life Insurance Co), Custodial Agreement (Principal Life Insurance Co)

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Security Interest of Indenture Trustee. Delivery of any Funding Agreement or Guarantee to the Custodian shall, without any further act or condition, constitute conclusive evidence against the applicable Trust and all third parties of the Indenture Trustee's ’s security interest therein.

Appears in 1 contract

Samples: Custodial Agreement (Principal Life Insurance Co)

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Security Interest of Indenture Trustee. Delivery of any the Funding Agreement or and the Guarantee to the Custodian shall, without any further act or condition, constitute conclusive evidence against the applicable Trust and all third parties of the Indenture Trustee's ’s security interest therein.

Appears in 1 contract

Samples: Custodial Agreement (Principal Life Insurance Co)

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