Laserfiche WebLink
<br />Lehman at all times; the Debtors must specifically authorize the <br />custodian to transfer securities. egg Custody Agreement, <br />Exhibit B, at q 2(c). <br />c. Under the Custody Agreement, the Debtors may <br />specify and limit those securities which will be purchased from <br />Shearson Lehman. This selection of securities is accomplished in <br />Exhibit A to the Custody Agreement. $gg Custody Agreement, <br />Exhibit B, at Exhibit A and at q 1 (Security defined as those set <br />forth on Exhibit A to the agreement). The Debtors will limit <br />their purchases to U.S. Government securities and U.S. Government <br />Agency (or sponsored agencies) securities. This type of <br />investment meets the requirements set forth in Section 345 of the <br />Bankruptcy Code. <br />d. The Custodian sends itemized listing each day <br />to the Debtors of the securities held in the Debtors' accounts. <br />See Custody Agreement, Exhibit B, at q 8. <br />e. Under the Custody Agreement, the custodian <br />safekeeps the securities of the Debtors and holds the securities <br />as agent for the Debtors. ,ggg Custody Agreement, Exhibit H, at <br />q 2(b). The custodian is required to verify agreements to <br />ascertain that any purchase transaction is properly and fully <br />completed; among other duties, the custodian must verify that the <br />securities purchased by the Debtors are of the type specified by <br />the Debtors. Seg Custody Agreement, Exhibit 8, at q 6. <br />7 <br />