Depositary hereunder Sample Clauses

The 'Depositary hereunder' clause defines the role and responsibilities of the depositary appointed under the agreement. It typically outlines the depositary's duties in holding, safeguarding, and administering assets or documents on behalf of the parties, and may specify procedures for instructions, reporting, and liability. This clause ensures that there is a clear, designated party responsible for the custody and management of certain assets, thereby reducing risk and providing clarity regarding asset handling within the contractual relationship.
Depositary hereunder shall only act solely as agent for the Company under this Deposit Agreement and owes no duties hereunder to any other person;
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Depositary hereunder. The Company has appointed The Depository Trust Company as the initial Depositary for the Notes.
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Depositary hereunder shall have no duties or obligations other than those specifically set forth herein, or as may subsequently be agreed to in writing by the parties.
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Depositary hereunder. Any retiring Book-Entry Unit Depositary shall, nonetheless, retain a prior claim upon all property or funds held or collected by such Book-Entry Unit Depositary to secure any amounts then due it pursuant to Section 1206.
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Related to Depositary hereunder

  • Depositary This Agreement shall be deposited with the Secretary-General of ASEAN, who shall promptly furnish a certified copy thereof to each Member State.

  • Depositary Services Up to U.S. $5.00 per 100 ADSs (or fraction thereof) held on the applicable record date(s) established by the Depositary. Person holding ADSs on the applicable record date(s) established by the Depositary.

  • Depositary; Depositary’s Office The term “

  • The Depositary The Company will cooperate with the Initial Purchasers and use its best efforts to permit the Securities to be eligible for clearance and settlement through the facilities of the Depositary.

  • Acceptance of Depositary The Depositary hereby agrees to act as depositary bank as provided herein and in connection therewith to accept all amounts to be delivered to or held by the Depositary pursuant to the terms of this Agreement. The Depositary further agrees to hold, maintain and safeguard the Deposits and the Accounts (as defined below) during the term of this Agreement in accordance with the provisions of this Agreement. The Escrow Agent shall not have any right to withdraw, assign or otherwise transfer moneys held in the Accounts except as permitted by this Agreement.