Common use of Account Types Clause in Contracts

Account Types. The Grantor, the Financial Institution and the Secured Party hereby confirm and agree that each Collateral Account is 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). The Grantor, the Financial Institution and the Secured Party acknowledge and agree that each Collateral Account is intended to be a “securities account.” Notwithstanding such intention, (x) if a Collateral Account constitutes a “deposit account” under the UCC, the provisions of this Agreement governing a “deposit account” shall apply to such Collateral Account and (y) as used herein “deposit account” shall mean a Collateral Account to the extent that it is determined to be a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC) and “securities account” shall mean a Collateral Account to the extent that it is determined to be a “securities account” (within the meaning of Section 8-501 of the UCC).

Account Types. The Grantor, the Financial Institution and the Secured Party hereby confirm and agree that each the Collateral Account is 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). The Grantor, the Financial Institution and the Secured Party acknowledge and agree that each the Collateral Account is intended to be a “securities account.” Notwithstanding such intention, (x) if a the Collateral Account constitutes a “deposit account” under the UCC, the provisions of this Agreement governing a “deposit account” shall apply to such the Collateral Account and (y) as used herein “deposit account” shall mean a the Collateral Account to the extent that it is determined to be a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC) and “securities account” shall mean a the Collateral Account to the extent that it is determined to be a “securities account” (within the meaning of Section 8-501 of the UCC).

Account Types. The Grantor, the Financial Institution and the Secured Party hereby confirm and agree that each Collateral Account is 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). The Grantor, the Financial Institution and the Secured Party acknowledge and agree that each Collateral Account is intended to be a “securities account.” Notwithstanding such intention, (x) if a Collateral Account constitutes a “deposit account” under the UCC, the provisions of this Agreement governing a “deposit account” shall apply to such Collateral Account and (y) as used herein “deposit account” shall mean a Collateral Account to the extent that it is determined to be a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC) and ““ securities accountaccount ” shall mean a Collateral Account to the extent that it is determined to be a “securities account” (within the meaning of Section 8-501 of the UCC).

Account Types. The Grantor, the Financial Institution and the Secured Party hereby confirm and agree that each Collateral Account is 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). The Grantor, the Financial Institution and the Secured Party acknowledge and agree that each Collateral Account is intended to be a “"securities account.” " Notwithstanding such intention, (x) if a Collateral Account constitutes a “"deposit account” " under the UCC, the provisions of this Agreement governing a “"deposit account” " shall apply to such Collateral Account and (y) as used herein “"deposit account” " shall mean a Collateral Account to the extent that it is determined to be a “"deposit account” " (within the meaning of Section 9-102(a)(29) of the UCC) and “securities account” "Securities Account" shall mean a Collateral Account to the extent that it is determined to be a “"securities account” " (within the meaning of Section 8-501 of the UCC).