A custody agreement approved by the city is entered into with each custodian bank before that bank`s custodial services are used. COB enters into a written custody agreement with each bank before using the custodian bank`s custody services. Upon conclusion and delivery of the retention contract, Pledgor will immediately establish the pledged account and deposit the pledged fixed assets. In the event that assets eligible under this Agreement are pledged at the same time as the performance of this Agreement, the Pledge, the Secured Party and the Depositary shall sign and deliver the Retention Agreement. The clerk will enter into a holding agreement with third parties with a deposit account chartered by the U.S. government or the state of Florida. .
