Custodial Arrangements definition

Custodial Arrangements means the arrangements TxDOT is to put into effect, as and when set forth in Section 8.7.7 of the Agreement, with its custodian of accounts for TxDOT’s transponder account customers for the handling and remittance of debits for Transponder Transactions and of payments from Users for Video Transactions and from Special Vehicle operators, the purpose of which is to cause amounts so debited or received to be held in trust by the custodian until it deposits such amounts to the Toll Revenue Account or Toll Operator Dispute Account under the Project Trust Agreement, without at any point becoming property or assets of TxDOT or the State.
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Custodial Arrangements means the Services provided to you as described in Part 2 of these Terms and Conditions.
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Custodial Arrangements means the custodial arrangements described in paragraph 4.13 below;
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Examples of Custodial Arrangements in a sentence

  • TxDOT and Developer acknowledge that the Custodial Arrangements are for the protection of Developer, and Developer is an intended third party beneficiary of the Custodial Arrangements, so long as this Tolling Services Agreement is in effect.

  • This Section 11(c) shall be subject to the Custodial Arrangements to the extent TxDOT receives, disburses, and/or handles any funds hereunder.

  • TxDOT, via the Custodial Arrangements, shall be deemed to be a collecting agent acting on behalf of Developer with respect to such amounts owing or remitted by the applicable Users and owed to and not yet paid to the Developer until TxDOT pays Developer the applicable amounts owed to Developer with respect to the Transaction, at which time TxDOT may, through the Custodial Arrangements, receive and retain the corresponding amounts from applicable Users for its own account and as its own funds.

  • There is no side letter or any other oral or written contract entered into as of the date hereof or contemplated to be entered into after the date hereof, to which the Rollover Shareholder or any of its affiliates is a party related to the Custodial Arrangements, other than the Financing Agreements and the Custodial Documents.

  • Notwithstanding the foregoing, Fosun International Limited (“Fosun”), one of the Shareholders hereunder, may enter into certain Custodial Arrangements (as such term is defined in the Fosun Rollover Agreement) with respect to its Securities, in accordance with the terms and conditions under the Fosun Rollover Agreement.

  • ALL ALLERGIES, REQUIRED ACCOMMODATIONS, OR CUSTODIAL ISSUES: Custodial Arrangements (Court Documents Required): Insurance required.

  • The Custodian hereby represents and warrants that the information set forth in the Prospectus Supplement under the caption "Description of the Certificates – Custodial Arrangements" (the "Custodian Disclosure") does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.