Common use of Account Property Clause in Contracts

Account Property. With respect to the Account Property, the Owner Trustee and the Indenture Trustee agree that: (a) Any Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee in accordance with paragraph (a) of the definition of "Delivery" and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in Section 8-102(a)(14) of the UCC) acting solely for the Indenture Trustee so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (b) Any Account Property that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued book-entry registration of such Account Property as described in such paragraph so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (c) Any Account Property which is an investment property (as defined in Section 9-102 of the UCC) and that is not governed by clause (a) or (b) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee's (or its nominee's) ownership of such security so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee.

Account Property. With respect to the Account Property, the Owner Trustee and the Indenture Trustee agree that: (a) Any Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee in accordance with paragraph (a) of the definition of "Delivery" and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in Section 8-102(a)(14) of the UCC) acting solely for the Indenture Trustee so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (b) Any Account Property that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued book-entry registration of such Account Property as described in such paragraph so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (c) Any Account Property which is an investment property (as defined in Section 9-102 of the UCC) and that is not governed by clause (a) or (b) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee's (or its nominee's) ownership of such security so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee.to

Account Property. With respect to the Account Property, the Owner Trustee Issuer and the Indenture Trustee agree that: (a) Any Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee in accordance with paragraph (a) of the definition of "Delivery" and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in Section 8-102(a)(14) of the UCC) acting solely for the Indenture Trustee so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (b) Any Account Property that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, 79 2003-A Indenture pending maturity or disposition, through continued book-entry registration of such Account Property as described in such paragraph so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee. (c) Any Account Property which is an investment property (as defined in Section 9-102 of the UCC) and that is not governed by clause (a) or (b) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) of the definition of "Delivery" and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee's (or its nominee's) ownership of such security so as to continuously establish control (as defined in Section 8-106 of the UCC) thereof by the Indenture Trustee.