Pledge Custodian definition

Pledge Custodian means ▇▇▇▇▇▇▇ Mac or any other entity appointed by ▇▇▇▇▇▇▇ Mac to serve in such capacity.
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Pledge Custodian means Freddie Mac, or any successor thereto as provided in Article VIII.
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Pledge Custodian means ▇▇▇▇▇▇▇ Mac, or any successor thereto as provided in Article VIII.
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Examples of Pledge Custodian in a sentence

  • The remaining Bonds will be distributed to the Pledge Custodian to be held pursuant to the Reimbursement Agreement.

  • Segregation of the Pledged Security Collateral in the Custody Account from other property maintained with the Pledge Custodian shall be accomplished by appropriate identification on the Pledge Custodian’s books and records.

  • All notices, directions, certificates or other communications to the Pledge Custodian or the Administrator shall be given and addressed in accordance with this Agreement and the Series Certificate Agreement.

  • So long as the internal procedures set forth in this Section are met by the Pledge Custodian, the Pledge Custodian may hold the Pledged Security Collateral in its vaults or in a commingled account (whether book-entry or otherwise) of the Pledge Custodian, as agent for its customers, with any bank, central depository or clearing organization as the Pledge Custodian’s subcustodian, in nominee name or otherwise.

  • The Pledge Custodian shall maintain the Custody Account until the termination of this Agreement.

  • No property other than Pledged Security Collateral shall be deposited by the Pledge Custodian in the Custody Account.

  • On or prior to the Closing Date, the Pledge Custodian shall establish on its books and in its records the Custody Account.

  • The Pledge Custodian agrees to perform only those duties specifically set forth in this Agreement, and no implied duties or obligations shall be read into this Agreement.

  • The retiring Pledge Custodian shall not be required to make any representation or warranty in connection with any such transfer or assignment.

  • Any forbearance by the Pledge Custodian to demand payment for any amounts payable under this Article VIII shall be limited to the particular payment for which the Pledge Custodian forbears demand for payment and will not be deemed a forbearance to demand any other amount payable under this Article VIII.


More Definitions of Pledge Custodian

Pledge Custodian. ' means Freddie Mac or any other entity appointed by Freddie Mac to serve in such capacity.
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Related to Pledge Custodian

  • Note Custodian means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto.

  • 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.

  • DTC Custodian means the Indenture Trustee as a custodian for DTC.

  • Foreign Sub-Custodian means a foreign banking institution serving as an Eligible Foreign Custodian.

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