Project Fund Custodian definition

Project Fund Custodian means initially U.S. Bank National Association, its successors and assigns, or any successor project fund custodian hereafter appointed by the Authority and approved by the City; provided, however, the Project Fund Custodian shall at all times be a commercial bank or trust company.
Sample 1
Project Fund Custodian means initially Fidelity Bank and its successor and assign, and any commercial bank appointed by the Agency to maintain the Project Fund in accordance with the terms of this Resolution.
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Project Fund Custodian means the financial institution at the time serving as project fund custodian pursuant to Section 703 of this Resolution.
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Examples of Project Fund Custodian in a sentence

  • The Sinking Fund Custodian, Project Fund Custodian, Note Retirement Account Depository, Bonds Project Fund Custodian, Authenticating Agent, Paying Agent, and Bond Registrar may accept a certificate of such officials of the Agency who executed the Note and the Bonds (or their successors in office) to the effect that a resolution in the form therein set forth has been adopted by the Agency as conclusive evidence that such resolution has been duly adopted and is in full force and effect.

  • The Sinking Fund Custodian, Project Fund Custodian, Note Retirement Account Depository, Bonds Project Fund Custodian, Authenticating Agent, Paying Agent, and Bond Registrar shall not be responsible for any loss or damage resulting from any action or inaction taken or not taken, as the case may be, in good faith in reliance upon such opinion or advice.

  • The City hereby agrees to pay the Authenticating Agent, Paying Agent, the BondRegistrar, the Sinking Fund Custodian, the Project Fund Custodian, the Note Retirement Account Depository and the Bonds Project Fund Custodian for their services under the Resolution.

  • Damage does not simply occur, but depends on the care taken by the victim and the level of activity exercised by the victim as well.

  • All moneys received by the Agency under the terms hereof shall, subject to the giving of security as hereinafter provided, be deposited with the Project Fund Custodian, the Note Retirement Account Depository, the Bonds Project Fund Custodian or the Sinking Fund Custodian in the name of the Agency.

  • The Urban Institute used the Cumulative Promotion Index (CPI) to determine high school graduation rates.

  • The underwriter of the Bonds, if any, shall retain its discount and shall wire (i) the amount needed to prepay or pay, as the case may be, the principal of and interest on the Note to the Note Retirement Account Custodian for deposit to the Note Retirement Account, and (ii) the balance of the proceeds of the Bonds to the Bonds Project Fund Custodian for deposit into the Bonds Project Fund.

  • No further requisition is required to be filed with the Project Fund Custodian for disbursements from the Project Fund.

  • The Sinking Fund Custodian, Project Fund Custodian, Note Retirement Account Depository, Bonds Project Fund Custodian, Authenticating Agent, Paying Agent, and Bond Registrar shall be protected in acting upon any notice, request, consent, certificate, order, affidavit, letter, telegram or other paper or document believed in good faith to be genuine and correct and to have been signed or sent by the proper person or persons.

  • In making any such disbursement from the Project Fund the Project Fund Custodian may rely on any such Requisition delivered to it pursuant to this Section, and the Project Fund Custodian shall be relieved of all liability with respect to making such disbursements in accordance with such requisitions without inspection of the Project or any other investigation.


More Definitions of Project Fund Custodian

Project Fund Custodian means the entity or person at the time serving as the project fund custodian pursuant to Sections 4.02 and 6.01 of this Bond Resolution.
Sample 1
Project Fund Custodian means the Project Fund Custodian acting under the Indenture.
Sample 1

Related to Project Fund Custodian

  • 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.

  • Project Fund means the Fund so designated and established by Article V hereof.

  • Independent Custodian means Deutsche Bank AG, London Branch.

  • Qualified custodian means the following independent institutions or entities that are not affiliated with the investment adviser by any direct or indirect common control and have not had a material business relationship with the investment adviser in the previous two years:

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

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

  • Depository Agent is defined in Section 2.6(a) of the Agreement.