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Common use of Secured Liability Clause in Contracts

Secured Liability. To the extent that the Custodian has not received the cash payment associated with a credit, the amount credited remains a Secured Liability under this Agreement.

Appears in 66 contracts

Sources: Custody Agreement (Strategic Trust), Custodian Agreement (New Mountain Private Credit Fund), Custody Agreement (Diamond Hill Securitized Credit Fund)

Related Clauses

  • The Obligations
  • Secured Party Performance of Debtor Obligations
  • Guarantied Obligations
  • Reaffirmation of Credit Party Obligations
  • The Lender Group’s Liability for Collateral

Parent Clauses

  • STATE STREET BANK AND TRUST
  • Transaction Settlement
  • STATE STREET BANK AND TRUST COMPANY
  • Overdrafts
  • Holding Securities

Sub-Clauses

  • Transmit Information
  • Exercise
  • Class Actions
  • Role of Custodian
  • Documentation
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