Custodial Assets definition

Custodial Assets means all Collateral Debt Obligations, Eligible Investments, Collateral Enhancement Obligations and Exchanged Equity Securities and, in each case, any sums received in respect thereof held from time to time by the Custodian (or any duly authorised Sub-Custodian) pursuant to the terms of the Agency Agreement;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Custodial Assets has the meaning set forth in Section 5.5 hereof.

Custodial Assets means, collectively, the (i) Bonds, Securities and Loans delivered to the Custodian by the Company pursuant to the terms of this Agreement for credit to the Custodial Account, and (ii) all Proceeds thereof received by the Custodian and any Eligible Investments related thereto, including any dividends in kind (e.g., non-cash dividends).

Examples of Custodial Assets in a sentence

• Upon delivery of the Custodial Assets to successor Custodian, the Custodian shall have no further duties, responsibilities or obligations hereunder.

• The “Custodian” means the person(s) appointed by Client and notified to Investment Manager, who will act as custodian(s) of the investments comprising the Custodial Assets from time to time and who is a “qualified custodian” as defined in Rule 206(4)-2 under the Advisers Act.

• The Custodian bears the sole responsibility for (x) safekeeping of the Custodial Assets, and (y) the consummation of all purchases, sales, deliveries and investments made pursuant to Investment Manager’s directions.

• Cash Proceeds from the Custodial Assets received by the Custodian from time to time in respect of amounts which constitute principal payments on the Custodial Assets shall be credited to the Principal Cash Account.

• The Custodian’s sole responsibility thereafter shall be to keep safely all Custodial Assets then held by it and to deliver the same to a person designated by the Owner or in accordance with the direction of a final order or judgment of a court of competent jurisdiction.

More Definitions of Custodial Assets

Custodial Assets means the assets to be transferred or delivered to the Custodian by Client and accepted by the Custodian, including those transferred or delivered to the Custodian in accordance with this agreement.

Custodial Assets means all Debt Investments which are in the form of securities and Eligible Investments and in each case any sums received in respect thereof, which are held from time to time by the Custodian (or any duly authorised Sub-Custodian) pursuant to the terms of the Agency Agreement.

Custodial Assets means the cash (on hand or held in bank accounts or money market funds pursuant to or in connection with a Corporate Trust Agreement), funds (including securities repurchase agreements, time deposits and other deposits and other investments in which funds might be invested on a short-term basis), mortgages (together with mortgage collateral), guarantees, tangible and intangible assets, receivables, securities, instruments, UCC financing statements, letters of credit and other property of any type or description (including insurance policies covering principal, premium and interest payments and indemnification in respect of lost, stolen or mutilated securities, property held as collateral or security and letters of credit, notes of obligors, bond insurance policies, securities, derivatives, guaranteed investment contracts, and other credit enhancement documents) held by JPM or any of its Subsidiaries as agent or fiduciary pursuant to a Corporate Trust Agreement except the following: (A) cash subject to escheatment as of the Closing Date relating to the Corporate Trust Business; and (B) cash to the extent relating to the Corporate Trust Business covering outstanding checks for registered and bearer principal and interest on accounts administered by JPM or any of its Subsidiaries issued less than six months prior to the Closing.

Custodial Assets means the Underlying Assets and/or the Charged Assets (as the case may be) held by the Custodian pursuant to this Agreement in respect of the relevant Series of Obligations.

Custodial Assets means those assets under the stewardship and custody of a Custodian pursuant to a Custodial Agreement with a Customer, and which may be securities, cash, property or other assets.

Custodial Assets means the assets to be transferred or delivered to the Custodian by the Customer and accepted by the Custodian after the date of the Charge, including those transferred or delivered to the Custodian in accordance with this agreement and the right to receive cash or the return of property from UBS under this agreement. Where the Custodian is not UBS Nominees Pty Ltd, this only includes assets within the categories agreed between the Customer and UBS. Custodian means UBS Nominees Pty Ltd or such other person as UBS agrees in accordance with clause 7. Customer Agreement means:

Custodial Assets means those assets of the Partnership held by the Custodian in Custodian means the Partner or Partners appointed in accordance with