Use of Custodian Sample Clauses

The 'Use of Custodian' clause defines the conditions under which a third-party custodian is engaged to hold, safeguard, or manage assets on behalf of the parties involved in an agreement. Typically, this clause outlines the responsibilities of the custodian, the types of assets covered (such as funds, securities, or documents), and the procedures for transferring or releasing those assets. For example, it may specify that a neutral bank or escrow agent will hold funds until certain contractual obligations are met. The core function of this clause is to provide security and impartiality in the handling of valuable assets, thereby reducing risk and ensuring that assets are only released when agreed-upon conditions are satisfied.
Use of Custodian. Without the prior written consent of Buyer, Seller shall use no third party custodian as document custodian other than Custodian with respect to the Purchased Loans.
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Use of Custodian. Without the prior written consent of Administrative Agent, Borrower shall not use or permit any Eligible Property Owner to use any third party custodian as document custodian other than Asset Manager with respect to any documents related to the Properties.
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Use of Custodian. Without the prior written consent of Lender, Borrower shall not use or permit any Eligible REO Entity to use any third party custodian as document custodian other than Custodian with respect to the REO Documents related to the Contributed REO Properties.
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Use of Custodian. (a) At any time and from time to time, the Board may appoint, as a Custodian, a bank, trust company or broker/dealer located within the United States. (b) The Board may enter into and execute a custodial or other written agreement with the Custodian, which agreement shall contain such provisions as the Board may deem advisable. Upon execution of such agreement with the Custodian, the Board may transfer and convey to the Custodian any part or all of the Securities, Real Property or Interest in Real Property, or other property of the Fund acceptable to the Custodian. (c) The Board may, at any time, remove the Custodian in the manner provided in the trust or other agreement between the Board and the Custodian. In the event that a Custodian is appointed, such Custodian shall, if and when removed by the Board, cause to be transferred to the Board any Trust Fund Securities, real, personal or other property or records then in its possession, along with a final accounting of the Securities or other property of the Fund held and/or managed by the Custodian pursuant to said agreement.
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Use of Custodian. Without the prior written consent of Buyers, Sellers and the ECC Persons shall use no third party custodian as document custodian other than the Custodian with respect to third party purchasers, prospective third party purchasers, lenders and prospective third party lenders with respect to loans of the same type as the Purchased Loans.
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Related to Use of Custodian

  • Use of Customer Data Verizon, Verizon Affiliates and their respective agents, may use, process and/or transfer Customer Data (including intra-group transfers and transfers to entities in countries that do not provide statutory protections for personal information) as set forth in the Privacy Policy and as necessary: (a) in connection with provisioning of Services; (b) to incorporate Customer Data into databases controlled by Verizon, Verizon Affiliates or their respective agents for the purpose of providing Services; administration; provisioning; invoicing and reconciliation; verification of Customer identity, solvency and creditworthiness; maintenance, support and product development; fraud detection and prevention; sales, revenue and customer analysis and reporting; market and customer use analysis including in the manner described in the Privacy Policy; and (c) to communicate to Customer regarding Services.

  • Use of Subcustodian (a) The Bank will identify such Assets on its books as belonging to the Customer. (b) A Subcustodian will hold such Assets together with assets belonging to other customers of the Bank in accounts identified on such Subcustodian's books as special custody accounts for the exclusive benefit of customers of the Bank. (c) Any Assets in the Accounts held by a Subcustodian will be subject only to the instructions of the Bank or its agent. Any Securities held in a securities depository for the account of a Subcustodian will be subject only to the instructions of such Subcustodian. (d) Any agreement the Bank enters into with a Subcustodian for holding its customer’s assets shall provide that such assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of such Subcustodian or its creditors except for a claim for payment for safe custody or administration, and that the beneficial ownership of such assets will be freely transferable without the payment of money or value other than for safe custody or administration. The foregoing shall not apply to the extent of any special agreement or arrangement made by the Customer with any particular Subcustodian.

  • Use of Customer Name Contractor may use County’s name without County’s prior written consent only in Contractor’s customer lists. Any other use of County’s name by Contractor must have the prior written consent of County.

  • Use of Customer Statements The Contractor shall not use any statement attributable to the Customer or its employees for the Contractor’s promotions, press releases, publicity releases, marketing, corporate communications, or other similar communications, without first notifying the Customer’s Contract Manager and securing the Customer’s prior written consent.

  • Compensation of Custodian The Custodian shall be entitled to reasonable compensation for its services and expenses as Custodian, as agreed upon from time to time between each Fund on behalf of each applicable Portfolio and the Custodian.