Common use of Account Types Clause in Contracts

Account Types. The Financial Institution agrees that each Collateral Account is, and will be maintained as, either a “securities account” (as defined in Section 8-501 of the UCC) or a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

Appears in 103 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2022-A), Account Control Agreement (Ford Credit Auto Owner Trust 2022-A), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2021-B)

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Account Types. The Financial Institution agrees that each the Collateral Account is, and will be maintained as, either a “securities account” (as defined in Section 8-501 of the UCC) or a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

Appears in 27 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2023-A), Account Control Agreement (Ford Credit Auto Lease Trust 2023-A), Account Control Agreement (Ford Credit Auto Lease Trust 2021-B)

Account Types. The Financial Institution agrees that each Collateral Account is, and will be maintained as, either a "securities account" (as defined in Section 8-501 of the UCC) or a "deposit account" (as defined in Section 9-102(a)(29) of the UCC).

Appears in 27 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Owner Trust 2024-B)

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Account Types. The Financial Institution agrees that each the Collateral Account is, and will be maintained as, either a "securities account" (as defined in Section 8-501 of the UCC) or a "deposit account" (as defined in Section 9-102(a)(29) of the UCC).

Appears in 9 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Lease Trust 2024-A)

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