Pledged Bonds Custodian definition

Pledged Bonds Custodian means that banking entity which serves as the custodian for the Pledged Bonds under the terms and conditions of the Pledge Agreement. The initial Pledged Bonds Custodian shall be the Tender Agent.
Pledged Bonds Custodian means the Tender Agent, acting as custodian for the Pledged Bonds under the terms and conditions of the Pledge Agreement, or such other bank or bank and trust company at the time serving as successor to the Tender Agent in such capacity.
Pledged Bonds Custodian means Dauphin Deposit Bank and Trust Company (or such other successor to or substitute) in its capacity as collateral agent for the Bank.

Examples of Pledged Bonds Custodian in a sentence

  • No act, delay or omission of the Bank or the Pledged Bonds Custodian shall be deemed to be a waiver of any rights or remedies granted under this Agreement and no waiver shall be valid unless in writing, signed by the Bank, and then only to the extent set forth in such waiver.

  • The Pledgor agrees that it will pay or reimburse the Bank for (i) all fees charged and expenses incurred by the Pledged Bonds Custodian for and in connection with its acting as such for the purposes of this Agreement and (ii) all costs and other expenses incurred by the Bank or the Pledged Bonds Custodian in connection with the transfer, registration or exchange of the Pledged Bonds.

  • This Agreement and all obligations of the Pledgor under this Agreement shall be binding upon the successors and assigns of the Pledgor, and shall, together with the rights and remedies of the Bank or the Pledged Bonds Custodian under this Agreement, inure to the benefit of the Bank and its successors and assigns.

  • The Pledgor agrees that at any time and from time to time upon the written request of the Bank or the Pledged Bonds Custodian, the Pledgor will execute and deliver such further documents and do such further acts and things as the Bank or the Pledged Bonds Custodian may reasonably request in order to effect the purposes of this Agreement.

  • The Borrower hereby acknowledges the designation and appointment of Allfirst Trust Company National Association as Pledged Bonds Custodian under the Pledged Bonds Custody Agreement and agrees that the Pledged Bonds Custodian will hold the Pledged Bonds as agent for the Bank.

  • In addition to the rights and remedies granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to any of the Obligations, the Bank or the Pledged Bonds Custodian shall have the authority to exercise all the rights and remedies of a secured party under the Uniform Commercial Code of the Commonwealth of Pennsylvania.

  • We accept our appointment as Pledged Bonds Custodian under the Agreement and undertake to hold any Pledged Bonds which the Pledgor shall deliver or cause to be delivered to us in such capacity as your collateral agent until otherwise directed in writing by you and to otherwise perform the duties of the Pledged Bonds Custodian under the Agreement.

  • We accept our appointment as Pledged Bonds Custodian under the Agreement and undertake to hold any Pledged Bonds which the Pledgor shall deliver or cause to be delivered to us in such capacity as your collateral agent until otherwise directed by you and to otherwise perform the duties of the Pledged Bonds Custodian under the Agreement.

  • If a Bond Purchase Principal Drawing under the Letter of Credit is honored by the Bank, the Borrower agrees that the Pledged Bonds Custodian shall receive and hold the Bonds Tendered or Deemed Tendered for Purchase for the benefit of the Bank in accordance with the Pledged Bonds Custody Agreement.

  • If, while the Pledged Bonds Custodian or the Bank holds any Pledged Bonds, the Borrower becomes entitled to receive or receives any interest payment in respect of such Pledged Bonds, the Borrower agrees to accept the same as agent for the Bank and to hold the same in trust on behalf of the Bank and to deliver, or cause to be delivered, the same forthwith to the Bank.


More Definitions of Pledged Bonds Custodian

Pledged Bonds Custodian means that banking corporation which serves as the custodian for the Pledged Bonds under the terms and conditions of the Pledge Agreement. The initial Pledged Bonds Custodian shall be the Trustee.
Pledged Bonds Custodian means Allfirst Trust Company, National Association, as agent for the Bank under the Pledged Bonds Custody Agreement, or any successor custodian of the Pledged Bonds acting as the Bank’s agent.
Pledged Bonds Custodian means (a) Allfirst Trust Company National Association, as agent for the Bank under the Pledged Bonds Custody Agreement, or any successor custodian of the Pledged Bonds acting as the Bank’s agent, and (b) any other person who, pursuant to a Pledged Bonds Custody Agreement with the Credit Facility Provider and as agent for the Credit Facility Provider, acts as custodian of the Pledged Bonds.
Pledged Bonds Custodian means First Union National Bank (or such other successor thereto or substitute therefor) in its capacity as collateral agent for the Bank.
Pledged Bonds Custodian means (a) The First National Bank of Maryland, as Trustee, as agent for the Letter of Credit Issuer under the Pledged Bonds Custody Agreement, or any successor custodian of the Pledged Bonds acting as the Letter of Credit Issuer's agent and (b) any other person who, pursuant to a Pledged Bonds Custody Agreement with a Letter of Credit Issuer and as agent for such Letter of Credit Issuer, acts as custodian of the Pledged Bonds.

Related to Pledged Bonds Custodian

  • Pledged Bonds means the related series of Bonds and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture.

  • Special Sub-Custodian Each such duly appointed Special Sub-Custodian shall be listed on Schedule D hereto, as it may be amended from time to time by a Fund, with the acknowledgment of the Custodian. In connection with the appointment of any Special Sub-Custodian, and in accordance with Special Instructions, the Custodian shall enter into a sub-custodian agreement with the Fund and the Special Sub-Custodian in form and substance approved by such Fund, provided that such agreement shall in all events comply with the provisions of the 1940 Act and the rules and regulations thereunder and the terms and provisions of this Agreement.

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.

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

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

  • Securities Custodian means the custodian with respect to a Global Security (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.

  • U.S. Depositary means, with respect to the Securities of any series issuable or issued in whole or in part in the form of one or more permanent global Securities, the person designated as U.S. Depositary by the Company pursuant to Section 2.03(b), which must be a clearing agency registered under the Exchange Act, until a successor U.S. Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “U.S. Depositary” shall mean or include each person who is then a U.S. Depositary hereunder, and if at any time there is more than one such person, “U.S. Depositary” as used with respect to the Securities of any series shall mean the U.S. Depositary with respect to the Securities of such series.

  • U.S. Depository or “Depository” means, with respect to any Security issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depository or Depository by the Company in or pursuant to this Indenture, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and, if so provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall mean, with respect to any Securities, the qualifying entity which has been appointed with respect to such Securities.

  • Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 0000 Xxx) that is listed on Schedule B annexed hereto, as amended from time to time pursuant to Section 4.5 hereof.

  • 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.

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

  • Notes Custodian means the custodian with respect to a Global Note (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.

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

  • DTC Notes means the Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC and substantially in the form of Exhibit B hereto. The Notes will be DTC Notes at issuance.

  • ADS Depositary means the person then acting as depositary under the Deposit Agreement. The ADS Depositary as of the Issue Date is The Bank of New York Mellon.

  • 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.

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

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • 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.

  • Tender Agent means, with respect to each Group of 2021 Series J Variable Rate Bonds, The Bank of New York Mellon, a New York banking corporation, and its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party, or any successor Tender Agent appointed in accordance with the terms of this Supplemental Resolution.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Trust Collateral Agent means such successor Person.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • central securities depository means an entity or generally recognised book-entry or other settlement system or clearing house, central clearing counterparty or agency, acting as a local securities depository, central securities depository or international securities depository, the use of which is customary for securities settlement activities in the jurisdiction(s) in which it holds Securities or Cash in connection with this Agreement, and through which the Custodian may transfer, settle, clear, deposit or maintain Securities whether in certificated or uncertificated form and will include any services provided by any network service provider or carriers or settlement banks used by a CSD.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.