Safekeeping Agent definition

Safekeeping Agent means Citibank N.A.
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Safekeeping Agent means, as applicable, (i) The Bank of New York Mellon, as safekeeping agent and custodian under a Safekeeping Agreement, and any successor safekeeping agent and/or custodian with respect to the Pledged Account, Pledged Collateral, and Pledged Investment Property, (ii) Pledgor under a Safekeeping Agreement in the event that Pledgor is required to segregate, pledge and hold Pledged Collateral and/or Pledged Investment Property in a Pledged Account at Pledgor’s institution, or (iii) in the event of a voluntary collateralization by a Bank of 100% of its Public Funds on deposit, as mutually agreed to, in writing, by and between Pledgor and Secured Party in connection with an acceptable Safekeeping Agreement.
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Safekeeping Agent. ’ means Closed Joint Stock Company ‘‘OSG Records Management’’ or such other entity providing secure storage facilities as from time to time appointed by the Issuer with the consent of the Trustee or by the Trustee;
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Examples of Safekeeping Agent in a sentence

  • All Underlying Instruments that are delivered to the Safekeeping Agent in electronic format shall be saved onto disks and/or onto the Safekeeping Agent’s secure computer system, and maintained in a manner so as to permit retrieval and access.

  • For the avoidance of doubt, this paragraph 4(d) does not apply if The Bank of New York Mellon is the Safekeeping Agent under subsection (i) of the definition of Safekeeping Agent.

  • If an Event of Default occurs and for as long as it is continuing, Secured Party may direct the Safekeeping Agent to hold such sums on its behalf in the Pledged Account as additional collateral for the Obligations or to distribute such sums to Secured Party.

  • In the event that any Eligible Asset Securities are being pledged hereunder, concurrently with the execution of this Agreement, Pledgor, Secured Party, and the Safekeeping Agent shall execute and shall deliver the Safekeeping Agreement.

  • New Mountain agrees to reimburse the Safekeeping Agent for all costs associated with the conversion of Collateral and the transfer of Assets and records kept in connection with this Agreement.

  • At any time on and after the Payoff Date, the Safekeeping Agent may be removed, with or without cause, by New Mountain upon sixty (60) days prior written notice to the Safekeeping Agent.

  • Except to the extent otherwise expressly provided herein, delivery of Securities to the Safekeeping Agent shall be in Street Name or other good delivery form.

  • Company may terminate Executive’s employment under this Agreement at any time without cause on thirty (30) days prior written notice upon the vote or written consent of 2/3rds of the vote of the members of the Board of Directors, excluding Executive if he is then a member of the Board.

  • This Agreement may not be amended or modified in any manner except by a written agreement executed by the Safekeeping Agent and New Mountain, and prior to the Payoff Date, the Administrative Agent.

  • If to the Safekeeping Agent, For notices ▇▇▇▇▇ Fargo Bank, N.A. ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇.


More Definitions of Safekeeping Agent

Safekeeping Agent means, as applicable, (i) The Bank of New York Mellon, as safekeeping agent and custodian under a Safekeeping Agreement, and any successor safekeeping agent and/or custodian with respect to the Pledged Account, Pledged Collateral, and Pledged Investment Property, (ii) Pledgor under a Safekeeping Agreement in the event that Pledgor is required to segregate, pledge and hold Pledged Collateral and/or Pledged Investment Property in a Pledged Account at Pledgor’s institution, or
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