Approved Custodian definition

Approved Custodian means a pool custodian or other Person that Lender deems acceptable, in its sole discretion, to hold Mortgage Loans for inclusion in a Mortgage Pool or to hold Mortgage Loans as agent for an Investor that has issued a Purchase Commitment for those Mortgage Loans.

Approved Custodian means such bank, financial institution or company approved by us, or any nominee company or trust corporation which is a subsidiary thereof;

Approved Custodian means a financial institution that has facilities for the safekeeping of securities and that has been approved under this chapter by the treasurer of state to serve as the treasurer’s agent in safekeeping collateral pledged to the treasurer of state to secure uninsured deposits of public funds.

Examples of Approved Custodian in a sentence

• Each Approved Custodian will hold to our order all Charged Securities held by it for its account.

• The Lender or its designee exclusively shall deliver Pledged Mortgages or Pledged Securities to (a) an Investor that has issued a Purchase Commitment with respect thereto for its examination and purchase, or (b) an Approved Custodian for purposes of examination or delivery in connection with the issuance of Mortgage-backed Securities.

• The Broker shall deposit all such certificates, instruments or documents of title representing the Deposited Securities in safe custody in segregated accounts maintained by the Broker or its Associate with an Approved Custodian, an Authorised Financial Institution or a corporation licensed for dealing in Securities under the SF Ordinance.

• If shipping instructions are received by Lender before 2:00 p.m. Houston, Texas time of any Business Day, Lender will ship the documents together with the Bailee Letter (in form of EXHIBIT "K") to the Investor or Approved Custodian on the same Business Day, otherwise Lender will ship the documents the next Business Day following receipt of shipping instructions.

• In such cases where the Lender must deliver documents to an Investor or Approved Custodian, the Lender must receive signed shipping instructions (in the form of Exhibit "D" attached hereto), no later than 2:00 p.m. Houston, Texas time one (1) Business Day prior to the expiration of the appended Purchase Commitment, in addition to any other documents listed in Section III of Exhibit "C" in respect of the issuance of Mortgage-backed Securities.

More Definitions of Approved Custodian

Approved Custodian means the Federal Home Loan Bank of Des Moines, Iowa, or the U.S. Central Credit Union.

Approved Custodian means the Federal Home Loan Bank of Des Moines, Iowa.

Approved Custodian means a Person acceptable to the Lender from time to time in its sole discretion, who possesses Mortgage Loans that secure Mortgaged-backed Securities.

Approved Custodian means Bank of New York Mellon Trust Company, National Association, State Street, Xxxxx Fargo Bank, National Association or any other custodian mutually agreed to by the Facility Agent and the Servicer.

Approved Custodian means Xxxxxx Xxx, Xxxxxxx Mac, and any pool custodian or other Person that Credit Agent deems acceptable, in its sole discretion, to hold Mortgage Loans for inclusion in a Mortgage Pool or to hold Mortgage Loans as agent for an Investor that has issued a Purchase Commitment for those Mortgage Loans.

Approved Custodian has the meaning as defined in the Exchange Rules, and presently means DBS Bank Ltd., and includes any other custodian as may be approved by the Exchange from time to time.

Approved Custodian. – means an Approved Securities Intermediary approved by the Corporation to act in such capacity pursuant to Section A-224.