Custodial Receipt definition

Custodial Receipt has the meaning ascribed to such term in Section 4 of the Custody Agreement.

Custodial Receipt means any of the custodial receipts relating to Program Bonds executed and delivered by the Administrator to the GSEs pursuant to the Administration Agreement.

Custodial Receipt means each Senior Custodial Receipt and each Subordinate Custodial Receipt.

Examples of Custodial Receipt in a sentence

• In the event of any conflict between the terms of this Custodial Receipt and the terms of the Custody Agreement, the terms of the Custody Agreement shall control.

• In case any Custodial Receipt shall be mutilated, the Custodian in its discretion may execute and deliver a Custodial Receipt of like form, tenor and seniority, and in the same denomination and bearing a number not contemporaneously outstanding, in exchange and substitution for such mutilated Custodial Receipt.

• Copies of this Agreement shall be filed with the Custodian and shall be open to inspection during business hours at the Custodian’s Designated Office by any Holder of a Custodial Receipt.

• A document titled Custodial Receipt with reference number: AGL/150587/036/24+, was obtained from Asar Gold Company Ltd (Asar), a company licensed by Ghana’s Precious Minerals Marketing Company (PMMC), the authorised body, legally permitted to grade, assay, value, process buy and sell precious minerals and to license agents in Ghana, confirming that, as at 29th of March 2024, 7,081kgs of gold Dore bars belonging to the Company are held by them in custody.

• All expenses and charges associated with such security and/or indemnity and with the preparation, execution and delivery of a new Custodial Receipt shall be borne by the Holder of the Custodial Receipt mutilated, destroyed, lost or stolen.

More Definitions of Custodial Receipt

Custodial Receipt means a Custodian’s Acknowledgment in the form of Exhibit A to the Sale and Servicing Agreement.

Custodial Receipt means a trust receipt substantially in the form of Exhibit U attached hereto delivered by the Document Custodian pursuant to Section 8.16.

Custodial Receipt means the receipt issued for the Deposited Property by the Depositary for the purposes of facilitating the transfer of a registered Shareholder’s Company Shares to DTC, in the ratio of one for one in respect of each Company Share deposited with the Depositary hereunder;

Custodial Receipt. A custodial receipt in the form of Exhibit I or Exhibit J hereto delivered to the Deal Agent, for the benefit of the Secured Parties, by the Trustee covering all of the Contracts subject to this Agreement from time to time.

Custodial Receipt means any of the custodial receipts relating to the Program Bonds executed and delivered by the Administrator to the GSEs pursuant to the Administration Agreement in the form attached as Exhibit A to the Administration Agreement. “DTC” means The Depository Trust Company or its successor in interest. “Escrow Account” has the meaning given to such term in Section 3(a)(v) of this Agreement. “Exception” has the meaning given to such term in Section 3(f) of this Agreement. “Failed Settlement” has the meaning given to such term in Section 3(f) of this Agreement. “Global Escrow Agreement” means the Global Escrow Agreement to be entered into among Xxxxxx Mae, Xxxxxxx Mac, the HFA Trustee and the Agent. “GSE Fees” mean, with respect to each GSE, the sum of (a) the Initial Securitization Fee owed to such GSE and (b) the other fees and expenses due to such GSE on the Settlement Date (which includes any fees owed to the GSE Special Closing Counsel) with respect to all of the GSE Securities being issued to the HFA on the Settlement Date. “GSE Securities” means the securities issued by each GSE in exchange for the Program Bonds. “GSE Special Closing Counsel” means the special counsel to the GSEs identified on Schedule A of the Placement Agreement.

Custodial Receipt is defined in Section 13.2.

Custodial Receipt means a receipt issued by Custodian in accordance with the Custodial Agreement confirming the Custodian’s possession of certain Asset Files which are the property of and held by Custodian for the benefit of Buyer or a bailment arrangement with counsel or other third party acceptable to Buyer in its sole discretion. “Custodian” shall mean U.S. Bank National Association, in its capacity as Custodian under the Custodial Agreement, or its successors in such capacity. “Daily Simple SOFR” shall mean, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Buyer in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans; provided, that if the Buyer decides that any such convention is not administratively feasible for the Buyer, then the Buyer may establish another convention in its reasonable discretion. “Debt Service Coverage Ratio” shall mean, with respect to any Mortgage Loan on any date of determination, the percentage, expressed as a ratio of (a) the Available Debt Service Cash Flow for such Mortgage Loan to (b) the Aggregate Business Debt for such Mortgage Loan. “Debtor Relief Laws” shall mean the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States of America or other applicable jurisdictions from time to time in effect affecting the rights of creditors generally. “Default” shall mean any Event of Default or any occurrence that is, or with the giving of notice or the lapse of time or both would become, an Event of Default. “Defaulted Mortgage Loan” shall mean a Mortgage Loan with respect to which (a)(i) any payment is 90 days or more delinquent (under the MBA Method) or (ii) Seller determines that it is reasonably likely that the Mortgagor will not be able to make a delinquent payment within 90