Acceptance of Initial Conveyed Collateral Sample Clauses
The "Acceptance of Initial Conveyed Collateral" clause defines the process by which the receiving party formally acknowledges and accepts the assets or collateral initially transferred under an agreement. Typically, this involves verifying that the collateral meets specified criteria, such as type, value, and legal status, before confirming acceptance. This clause ensures that both parties are clear on when and how the initial collateral is deemed accepted, thereby reducing the risk of disputes over the adequacy or timing of the collateral transfer.
Acceptance of Initial Conveyed Collateral. On the Closing Date, upon satisfaction of the conditions set forth in Section 2.2 and subject to Section 2.1(d), the Issuer hereby instructs the Retention Holder, and the Retention Holder hereby instructs the Transferor, and the Transferor hereby agrees to deliver, on behalf of the Issuer, the Initial Conveyed Collateral to the Trustee or, as required by Section 2.7, to the Custodian, and such delivery thereto and acceptance by the Trustee or by the Custodian, as applicable, shall be deemed to be delivery to and acceptance by the Issuer and by the Retention Holder.
Acceptance of Initial Conveyed Collateral. On the Closing Date, upon satisfaction of the conditions set forth in Section 2.2, the Issuer hereby instructs the Depositor, and the Depositor hereby instructs the Transferor, and the Transferor hereby agrees to deliver, on behalf of the Issuer, the Initial Conveyed Collateral to the Trustee or, as required by Section 2.7, to the Custodian, and such delivery thereto and acceptance by the Trustee or by the Custodian, as applicable, shall be deemed to be delivery to and acceptance by the Issuer and by the Depositor.
Acceptance of Initial Conveyed Collateral. On the Closing Date, upon satisfaction of the conditions set forth in Section 2.2, the Issuer hereby instructs the Transferor, and the Transferor hereby agrees to deliver, on behalf of the Issuer, the Initial Conveyed Collateral to the Collateral Trustee or, as required by Section 2.6, to the Custodian, and such delivery thereto and acceptance by the Collateral Trustee or by the Custodian, as applicable, shall be deemed to be delivery to and acceptance by the Issuer.