CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS Clause Samples

The "Custody of Intangible Transition Property Records" clause establishes who is responsible for maintaining and safeguarding records related to intangible transition property, such as digital assets, intellectual property rights, or contractual entitlements during a transition period. Typically, this clause outlines the procedures for storing, accessing, and transferring these records, ensuring that only authorized parties can handle or modify them. By clearly assigning custody and setting out protocols, the clause helps prevent loss, unauthorized access, or disputes over ownership, thereby ensuring a smooth and secure transition of intangible assets.
CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS. To assure uniform quality in servicing the Intangible Transition Property and to reduce administrative costs, the Grantee revocably appoints the Servicer, and the Servicer accepts such appointment, to act as the agent of the Grantee, the Note Issuer and the Indenture Trustee as custodian of any and all documents and records that the Grantee shall keep on file, in accordance with its customary procedures, relating to the Intangible Transition Property, including copies of each Funding Order and all Tariffs relating thereto, and all documents filed with the ICC in connection with any Reconciliation Adjustment or True-Up Adjustment (collectively, the "Intangible Transition Property Records"), which are hereby constructively delivered to the Note Issuer, as transferee of the Grantee (or, in the case of the Subsequent Intangible Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Issuer, as transferee of the Grantee) with respect to all Intangible Transition Property.
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CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS. SECTION 5.02. Duties of Servicer as Custodian . . . . . . . . . . . . . 16 SECTION 5.03. Instructions; Authority to Act . . . . . . . . . . . . . .18 SECTION 5.04. Custodian's Indemnification. . . . . . . . . . . . . . . .18 SECTION 5.05. Effective Period and Termination . . . . . . . . . . . . .19 SECTION 5.06. General Indemnification of Indenture Trustee and Delaware Trustee . . . . . . . . . . . . . . . . . . . . .19
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CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS. To assure uniform quality in servicing the Intangible Transition Property and to reduce administrative costs, the Grantee revocably appoints the Servicer, and the Servicer accepts such appointment, to act as the agent of the Grantee, the Note Issuer and the Indenture Trustee as custodian of any and all documents and records that the Grantee shall keep on file, in accordance with its customary procedures, relating to the Intangible Transition Property, including copies of each Funding Order and all Tariffs relating thereto, and all documents filed with the ICC in connection with any Adjustment (collectively, the
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Related to CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS

  • Property Records Subrecipient shall maintain real property inventory records, which clearly identify properties purchased, improved, or sold. Properties retained shall continue to meet eligibility criteria, rental limitations, health, safety and building codes, etc., and shall conform to federal and State regulations.

  • PERMITS AND INTANGIBLES The COMPANY and each of the COMPANY's Subsidiaries holds all licenses, franchises, permits and other governmental authorizations including permits, titles (including motor vehicle titles and current registrations), fuel permits, licenses, franchises, certificates, trademarks, trade names, patents, patent applications and copyrights, the absence of any of which would have a Material Adverse Effect. The COMPANY has delivered to URSI an accurate list and summary description (Schedule 5.12) of all such licenses, franchises, permits and other governmental authorizations, provided that copyrights need not be listed unless registered. To the knowledge of the COMPANY, the licenses, franchises, permits and other governmental authorizations listed on Schedule 5.12 are valid, and neither the COMPANY nor any of the COMPANY's Subsidiaries has received any notice that any governmental authority intends to cancel, terminate or not renew any such license, franchise, permit or other governmental authorization. The COMPANY (including the COMPANY's Subsidiaries) has conducted and is conducting its business in compliance with the requirements, standards, criteria and conditions set forth in applicable permits, licenses, orders, approvals, variances, rules and regulations and is not in violation of any of the foregoing except where such non-compliance or violation would not have a Material Adverse Effect. Except as specifically provided in Schedule 5.12, the transactions contemplated by this Agreement will not result in a default under or a breach or violation of, or have a Material Adverse Effect upon the rights and benefits afforded to the COMPANY (including the COMPANY's Subsidiaries) by, any such licenses, franchises, permits or government authorizations.

  • Instruments and Tangible Chattel Paper If any Pledgor shall at any time hold or acquire any Instruments (other than checks received and processed in the ordinary course of business) or Tangible Chattel Paper evidencing an amount in excess of $5.0 million, such Pledgor shall forthwith endorse, assign and deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time reasonably request.

  • Instruments and Chattel Paper Attached hereto as Schedule 10 is a true and correct list of all promissory notes, instruments (other than checks to be deposited in the ordinary course of business), tangible chattel paper, electronic chattel paper and other evidence of Indebtedness held by each Loan Party as of January 15, 2013 having an aggregate value or face amount in excess of $100,000, including all intercompany notes between or among any two or more Loan Parties or any of their Subsidiaries.

  • Collateral Records Such Grantor will maintain complete and accurate books and records with respect to the Collateral owned by it, and furnish to the Collateral Agent, with sufficient copies for each of the Secured Parties, such reports relating to such Collateral as the Collateral Agent shall from time to time request.