Examples of Custodial Documents in a sentence
Prior to any shipment of any Custodial Documents hereunder, the Company shall deliver to the Custodian written instructions as to the method of shipment and the shipper that the Custodian is to utilize in connection with the transmission of such Custodial Documents.
All such insurance shall be in amounts, with standard coverage and subject to deductibles, as are customary for insurance typically maintained by financial institutions which act as paying agent and as custodian of collateral substantially similar to the Custodial Documents.
Subject to the terms and conditions of this Agreement, the Company hereby appoints the Bank to perform the duties of the Custodian, and the Bank hereby accepts such appointment as Custodian, to act as the Company’s agent, custodian and bailee to hold and maintain custody of the Custodial Documents.
This obligation to maintain a complete and accurate set of records shall encompass all files in the Custodian and Paying Agent’s custody, possession or control pertaining to the Loans and the Underlying Collateral, including all Custodial Documents.
Upon final determination of such court, the Custodian shall release such Custodial Documents as directed by the Company, which shall give a direction consistent with such court determination.