Secured Account Custodian definition

Secured Account Custodian means Deutsche Bank AG, London Branch and any successor or replacement thereto.
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Secured Account Custodian means JPMorgan Chase Bank, N.A. and any successor or replacement thereto.
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Examples of Secured Account Custodian in a sentence

  • This means that the Secured Account Custodian maintains an account in the name of the Issuer which shows them as being entitled to delivery of a particular amount of the Metal but without specific physical metal having been identified.

  • Neither the Secured Account Custodian or the Subscription Account Custodian may resign its duties without a successor Eligible Custodian having been appointed as aforesaid.

  • This meansthat the Secured Account Custodian maintains an account in the name of the Issuer which shows them as being entitled to delivery of a particular amount of the Metal but without specific physical metal having been identified.

  • Equally UK VAT may be charged on any rhodium that the Authorised Participant delivers into the account of the Issuer if at the time of delivery the metal is physically located in the UK.The Secured Account Custodian and the Subscription Account Custodian is Deutsche Bank AG, a member firm of the LPPM and LBMA and the Custody Agreement for Secured Accounts provides that any Sub-Custodian must be a member of the Relevant Association (where applicable).

  • This means that the Secured Account Custodian maintains an account in the name of the client which shows them as being entitled to delivery of a particular amount of the Metal but without specific metal having been identified.

  • No transaction, i.e. purchase or sale, or transfer of the Metal shall be possible without explicit written instruction by the Issuer together with the respective Secured Account Custodian (Multi Signature Process).

  • With respect to each Series of ETC Securities, the Issuer’s main assets are its holdings of Underlying Metal held by or on behalf of the Issuer (through the Secured Account Custodian, the Subscription Account Custodian and/or Sub-Custodians) and its rights and interests under the related Custody Agreement and Balancing Agreement.

  • No Party shall act without written consent by the Issuer and the Secured Account Custodian.

  • Contrary to the government’s argument, we agree with Judge Pietsch’s observation that the Veterans Court “ap- plied a provision that the Board did not apply and made factual findings that the Board did not make.” Tadlock, 2020 WL 738550, at *2 (Pietsch, J., dissenting).

  • In this case the Bondholders shall have the right to enforce this Pledge against the Secured Account Custodian in order to secure any obligation or indebtedness arising from any Payment obligations the Compart- ment has failed to make in relation to the realization of the Compartment Assets.

Related to Secured Account Custodian

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • 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.

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

  • Custodian Account means an account subject to a Custodian Agreement.

  • 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.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • 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.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

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

  • Custodial Agent means the Person who is then the Custodial Agent thereunder.

  • Foreign Custodian means a bank or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by the Custodian, in connection with the purchase, sale or custody of Securities or cash hereunder and is identified to the Fund from time to time by the Custodian.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • 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.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.