THE COLLATERAL CUSTODIAN AND COLLATERAL ADMINISTRATOR Sample Clauses

THE COLLATERAL CUSTODIAN AND COLLATERAL ADMINISTRATOR. Section 7.1 Designation of Collateral Custodian 114 Section 7.2 Duties of Collateral Custodian 114 Section 7.3 Merger or Consolidation 117 Section 7.4 Collateral Custodian Compensation 118 Section 7.5 Collateral Custodian Removal 118 Section 7.6 Limitation on Liability 118 Section 7.7 Resignation of the Collateral Custodian 121 Section 7.8 Release of Documents 122 Section 7.9 Return of Required Loan Documents 123 Section 7.10 Access to Certain Documentation and Information Regarding the Collateral; Audits 123 Section 7.11 Designation of Collateral Administrator 124 Section 7.12 Appointment of Collateral Administrator 124 Section 7.13 Merger or Consolidation 124 Section 7.14 Reserved 125 Section 7.15 Collateral Administrator Removal 125 Section 7.16 Limitation on Liability 125 Section 7.17 Resignation of the Collateral Administrator 126
Sample 1
AutoNDA by SimpleDocs
THE COLLATERAL CUSTODIAN AND COLLATERAL ADMINISTRATOR. Section 7.1
Sample 1
THE COLLATERAL CUSTODIAN AND COLLATERAL ADMINISTRATOR. Section 7.1 Designation of Collateral Custodian. 109 [FS Investment] Loan and Security Agreement
Sample 1

Related to THE COLLATERAL CUSTODIAN AND COLLATERAL ADMINISTRATOR

  • 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.

  • 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.

  • Collateral Custodian Removal The Collateral Custodian may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Collateral Custodian (the “Collateral Custodian Termination Notice”); provided that, notwithstanding its receipt of a Collateral Custodian Termination Notice, the Collateral Custodian shall continue to act in such capacity until a successor Collateral Custodian has been appointed and has agreed to act as Collateral Custodian hereunder.

  • Duties of Collateral Custodian 9697 Section 7.3.

  • Designation of Collateral Custodian The role of Collateral Custodian with respect to the Collateral Obligation Files shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 18.1. Xxxxx Fargo Bank, National Association is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Collateral Custodian pursuant to the terms hereof.

  • Collateral Custodian Compensation As compensation for its Collateral Custodian activities hereunder, the Collateral Custodian shall be entitled to the Collateral Custodian Fees from the Borrower as set forth in the Backup Servicer and Collateral Custodian Fee Letter, payable pursuant to the extent of funds available therefor pursuant to the provisions of Section 2.04. The Collateral Custodian’s entitlement to receive the Collateral Custodian Fees shall cease on the earlier to occur of: (i) its removal as Collateral Custodian pursuant to Section 13.05, (ii) its resignation as Collateral Custodian pursuant to Section 13.07 of this Agreement or (iii) the termination of this Agreement.

  • SUB-CUSTODIAN ACCOUNT The Participant understands and agrees that, in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian (the “Custodian”) to maintain with a sub-custodian for such Fund an account in each relevant jurisdiction to which the Participant shall, when applicable, deliver or cause to be delivered in connection with the creation of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-lieu” amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!