Initial Depositary Sample Clauses

The 'Initial Depositary' clause designates the entity or institution responsible for holding and safeguarding certain assets, documents, or funds at the outset of an agreement. Typically, this clause identifies a specific bank, trust company, or other third party that will act as the initial custodian, outlining their duties and the scope of their authority. By clearly establishing who will serve as the initial depositary, the clause ensures that all parties know where and how important items will be held, reducing confusion and mitigating the risk of disputes over custody or control.
Initial Depositary. The initial Depositary for the Notes shall be The Depository Trust Company.
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Initial Depositary. The initial depositary for the Senior Notes shall be The Depository Trust Company ("DTC").
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Initial Depositary. The initial depositary for the Junior Subordinated Debentures shall be The Depository Trust Company ("DTC").
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Related to Initial Depositary

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.

  • 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; 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.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.