Activities of the Depositor Clause Samples

The "Activities of the Depositor" clause defines the rights and limitations regarding the actions the depositor may undertake in relation to the deposited assets or property. Typically, this clause outlines what the depositor is permitted or prohibited from doing, such as accessing, using, or transferring the deposited items during the term of the agreement. It may also specify any obligations the depositor has to maintain or protect the assets. The core function of this clause is to set clear boundaries and responsibilities for the depositor, thereby preventing disputes and ensuring the safekeeping and proper management of the deposited property.
Activities of the Depositor. BAASC shall act in a manner materially consistent with the limitations on the Depositor’s activities set forth in Section 11(j)(iv) of the Depositor LLC Agreement in order to enable the Depositor to comply with the Depositor LLC Agreement.
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Activities of the Depositor. BASHC shall act in a manner materially consistent with the limitations on the Depositor’s activities set forth in Section 11(j)(iv) of the Depositor LLC Agreement in order to enable the Depositor to comply with the Depositor LLC Agreement.
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Activities of the Depositor. BANA shall act in a manner materially consistent with the limitations on the Depositor’s activities set forth in Section 11(j)(iv) of the Depositor LLC Agreement in order to enable the Depositor to comply with the Depositor LLC Agreement.
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Activities of the Depositor. The Seller shall act in a manner materially consistent with the limitations on the Depositor’s activities set forth in Section 11(j)(iv) of the Depositor LLC Agreement in order to enable the Depositor to comply with the Depositor LLC Agreement.
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Activities of the Depositor. The Depositor will not engage in any --------------------------- business or activity of any kind or enter into any transaction other than: (i) the businesses, activities and transactions contemplated and authorized by this Agreement or the Related Documents, including without limitation: (A) the execution and delivery by the Depositor of, and the performance by the Depositor of its obligations under, the BCRC Note and the Pledge Agreement (each as defined in the Receivables Purchase Agreement)); (B) acquiring, selling, financing, holding, assigning, pledging and otherwise dealing with wholesale and retail receivables arising out of the sale of consumer, recreational and commercial products and related activities and transactions; (C) transferring such receivables to trusts pursuant to a pooling and servicing agreement or similar agreement or arrangement; (D) authorizing, selling and delivering any class of certificates or other securities of any such trust; (E) acquiring from BCI certificates issued by one or more grantor trusts to which BCI transferred receivables; (F) issuing, selling, authorizing and delivering one or more series and classes of bonds, notes or other evidences of indebtedness secured or collateralized by one or more pools of receivables or by certificates of any class issued by one or more trusts or by certificates of any class issued by a grantor trust established by BCI (collectively, the "Notes"), ----- provided that the Depositor shall have no liability under any Notes (other than the BCRC Note (as defined in the Receivables Purchase Agreement)) except to the extent of the one or more pools of receivables or the certificates securing or collateralizing such Notes; (S) 2.06 (G) holding and enjoying all of the rights and privileges of any certificates issued by the trusts to the Depositor under the related agreements and holding and enjoying all of the rights and privileges of any class of any series of Notes, including any class of Notes or certificates which may be subordinate to any other class of Notes or certificates, respectively; (H) performing its obligations under the agreements and any indenture or other agreement (each, an "Indenture") pursuant --------- to which any Notes are issued; (I) engaging in any activity and exercising any powers permitted to corporations under the laws of the State of Delaware that are related or incidental to the foregoing and necessary, convenient or advisable to accomplish the foregoing; and (i...
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Activities of the Depositor. The Depositor will not engage in any business or activity of any kind or enter into any transaction other than: (i) the businesses, activities and transactions contemplated and authorized by its Certificate of Incorporation and by-laws, this Agreement or the Related Documents;
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Related to Activities of the Depositor

  • Liability of the Depositor The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically imposed by these Standard Terms and the related Supplement.

  • ACTIVITIES OF THE SUB-ADVISOR It is understood that the Sub-Advisor may perform investment advisory services for various other clients, including other investment companies. The Sub-Advisor will report to the Board of Trustees of the Trust (at regular quarterly meetings and at such other times as such Board of Trustees reasonably shall request) (i) the financial condition and prospects of the Sub-Advisor, (ii) the nature and amount of transactions affecting the Fund that involve the Sub-Advisor and affiliates of the Sub-Advisor, (iii) information regarding any potential conflicts of interest arising by reason of its continuing provision of advisory services to the Fund and to its other accounts, and (iv) such other information as the Board of Trustees shall reasonably request regarding the Fund, the Fund's performance, the services provided by the Sub-Advisor to the Fund as compared to its other accounts and the plans of, and the capability of, the Sub-Advisor with respect to providing future services to the Fund and its other accounts. At least annually, the Sub-Advisor shall report to the Trustees the total number and type of such other accounts and the approximate total asset value thereof (but not the identities of the beneficial owners of such accounts). The Sub-Advisor agrees to submit to the Trust a statement defining its policies with respect to the allocation of business among the Fund and its other clients. It is understood that the Sub-Advisor may become interested in the Trust as a shareholder or otherwise. The Sub-Advisor has supplied to the Advisor and the Trust copies of its Form ADV with all exhibits and attachments thereto (including the Sub-Advisor's statement of financial condition) and will hereafter supply to the Advisor, promptly upon the preparation thereof, copies of all amendments or restatements of such document.

  • Liabilities of the Master Servicer The Master Servicer shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by it herein.

  • ACTIVITIES OF THE SUB-ADVISER The services of the Sub-Adviser to the Funds are not to be deemed to be exclusive, the Sub-Adviser and any person controlled by or under common control with the Sub-Adviser (for purposes of this Article IV referred to as "affiliates") being free to render services to others. It is understood that directors, officers, employees and shareholders of the Funds are or may become interested in the Sub-Adviser and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Sub-Adviser, INVESCO and their affiliates are or may become interested in the Funds as directors, officers and employees.

  • Respective Liabilities of the Depositor and the Servicer The Depositor and the Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by them herein.