Initial Custody Receipt definition

Initial Custody Receipt. An initial custody receipt as to each Mortgage Loan, which initial custody receipt is delivered to MLCC, or its successor in interest or assigns, by the Custodian in the form annexed hereto as Exhibit One.
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Initial Custody Receipt. For each Transaction, the initial Custody Receipt, executed by the Purchaser or the Custodian with respect to the Mortgage Loans for such Transaction, substantially in the form of Exhibit One to the Custodial Agreement.
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Initial Custody Receipt. Balance shall mean $ .
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Examples of Initial Custody Receipt in a sentence

  • If the Custodian determines from such verification that any discrepancy or deficiency exists with respect to a Custodian's Mortgage File, the Custodian shall note such discrepancy on the schedule of exceptions attached to the Initial Custody Receipt as Schedule B thereto (the "Exception Report").

  • Upon delivery of the Final Custody Receipt to the Registered Holder of the Initial Custody Receipt, the Initial Custody Receipt shall be of no further force or effect.

  • On the first Business Day of each calendar month following delivery of the Initial Custody Receipt until the month in which the Final Custody Receipt is to be delivered pursuant to Subsection (b) below, the Custodian shall deliver to the Registered Holder of the Initial Custody Receipt, an updated Exception Report, revised to reflect any changes with respect to the status of the exceptions noted for the related Mortgage Loans.

  • Xx the first Business Day of each calendar month following delivery of the Initial Custody Receipt until the month in which the Final Custody Receipt is to be delivered pursuant to Subsection (b) below, the Custodian shall deliver to the Registered Holder of the Initial Custody Receipt, an updated Exception Report, revised to reflect any changes with respect to the status of the exceptions noted for the related Mortgage Loans.

  • A copy of the Custody Receipts Register for each class of Custody Receipts shall be provided by the Note Custodian to the Depositor (or its designee), to a designated representative of Owners of Custody Receipts evidencing more than 25% of the Initial Custody Receipt Balance or of the Initial Aggregate Class [A-IO] Custody Receipt Notional Amount at the expense of and upon written request by the Depositor or such Owners, as the case may be.

  • The final Class [A] Distribution Amount, the final Class [A-IO] Custody Receipt Interest Distribution shall be paid to Owners of Custody Receipts of the related class pro rata based on the Initial Custody Receipt Balance or Initial Aggregate Class [A-IO] Custody Receipt Notional Amount of the Custody Receipts held by such Owners.

  • The Class [A] Distribution Amount, the Class [A-IO] Custody Receipt Interest Distribution shall be paid to Owners of Custody Receipts of the related class pro rata based on the Initial Custody Receipt Balance or Initial Aggregate Class [A-IO] Custody Receipt Notional Amount of the Custody Receipts held by such Owners.

  • A copy of the Custody Receipts Register for both classes of any Series of Custody Receipts shall be provided by the Note Custodian to the Depositor (or its designee), to a designated representative of Owners of Custody Receipts of such Series evidencing more than 25% of the Initial Custody Receipt Balance or of the Initial Aggregate Class A-IO Custody Receipt Notional Amount at the expense of and upon written request by the Depositor or such Owners, as the case may be.

  • The Custodian hereby certifies that the above named person is the Registered Holder of this Initial Custody Receipt.

  • The Class A Distribution Amount, the Class A-IO Custody Receipt Interest Distribution and the Class A-IO Custody Receipt Yield Maintenance Amount shall be paid to Owners of Custody Receipts of the related class pro rata based on the Initial Custody Receipt Balance or Initial Aggregate Class A-IO Custody Receipt Notional Amount of the Custody Receipts held by such Owners.

Related to Initial Custody Receipt

  • Collateral Custodian Termination Notice has the meaning assigned to that term in Section 12.05.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Certificate Custodian Initially, First Union National Bank; thereafter any other Certificate Custodian acceptable to The Depository Trust Company and selected by the Trustee.

  • Collateral Custodian means U.S. Bank National Association, solely in its capacity as collateral custodian, together with its successors and permitted assigns in such capacity.

  • Document Custodian means the Custodian when acting in the role of a document custodian hereunder.

  • Non-Custody Assets shall have the meaning set forth in Section 10.1.

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Paying Agent and DTC, as the initial Clearing Agency, dated as of the Closing Date.

  • Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Lead Securitization Servicing Agreement.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Companion Loan Holder Representative With respect to each Serviced Companion Loan, any representative appointed by the related Companion Loan Holder.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Legal custodian means an individual who is at least 18 years of age in whose care a minor child remains or is placed after a court makes a finding under section 13a(5) of chapter XIIA of the probate code of 1939, 1939 PA 288, MCL 712A.13a.

  • Non-Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Non-Lead Securitization Servicing Agreement.

  • Aggregate Supplemental Purchase Amount with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Supplemental Loan Account.

  • Canadian Securities Administrators means the Alberta Securities Commission and any other applicable securities commission or securities regulatory authority of a province or territory of Canada.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit F-1.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Depositary Receipt (“DR”) means a Depositary Receipt which is listed or traded on the London Stock Exchange International Order Book (“IOB”) and which corresponds to a share, shares or to a percentage of a share of the company in question that is publicly traded;

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Collection Agent Fee has the meaning specified in Section 6.03.

  • Collateral Custodian Fee means the fee to be paid to the Collateral Custodian as set forth in the Custody Agreement.