Segregation, Registration and other Actions Sample Clauses

Segregation, Registration and other Actions. (a) The Custodian shall procure that the Securities Collateral (whether for the time being represented by portions of global certificates or in definitive or other form) credited to it or deposited with it are held in safe custody for the account of the Issuer subject to the security created by the Deed of Charge are kept in an account recorded on its books separately from any securities otherwise held by it and any of its other property on trust for the Issuer. (b) The Custodian covenants with the Issuer, the Cash Manager and the Security Trustee that it will not exercise any rights and remedies in its capacity as a holder of the Securities Collateral (in particular it will not attend and vote at any meeting of holders of, or other persons interested or participating in, or entitled to rights or benefits (or any part thereof) under any Securities Collateral or give any consent, waiver indulgence, time or ratification, make any declaration or agree any composition, compounding or other similar arrangement with respect to any security forming part of any Securities Collateral), except as directed in writing by the Cash Manager or (following service of a Note Acceleration Notice) the Security Trustee. (c) Upon receipt of each transaction advice and/or statement of account, the Cash Manager may examine the same and notify the Custodian (such notification to be given by an Authorised Signatory) within 30 days of the date of any such advice or statement of any discrepancy between Instructions given and the position shown in the transaction advice and/or statement, and/or of any other errors therein. If the relevant Authorised Signatory does not so inform the Custodian in writing of any exceptions or objections within 30 days after the date of such transaction advice and/or statement the Issuer and the Cash Manager shall be deemed to have approved such transaction advice and/or statement. (i) The Custodian (and any Affiliate of the Custodian) is authorised to hold the Securities Collateral deposited with it in its own vaults, or in such other location as the Custodian shall reasonably consider appropriate, including, without limitation, with any Sub-Custodian (subject always to paragraph 1(b), securities depository of international repute, Clearing System, dematerialised book entry system of international repute or similar system or any other third party provided that any Sub-Custodian or other such third party must satisfy the Swap Collateral Account Bank Ratin...