Examples of Security Entitlement in a sentence
In the event that the Securities Intermediary has or subsequently obtains by agreement, operation of law or otherwise a security interest in any 2024-A Collateral Account or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Assignee-Secured Party and the Initial Secured Party.
In the event that the Securities Intermediary has or subsequently obtains by agreement, operation of law or otherwise a security interest in the 2024-A Exchange Note Collection Account or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Assignee-Secured Party and the Initial Secured Party.