Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral Accounts, and all Security Entitlements therein, as custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral Accounts, and all Security Entitlements registered to or held therein, are subject to the control of Secured Party as provided in Section 4(e).
Appears in 3 contracts
Samples: Account Agreement (Grand Canal Shops Mall Construction LLC), Completion Guaranty Collateral Account Agreement (Grand Canal Shops Mall Construction LLC), Account Agreement (Grand Canal Shops Mall Construction LLC)
Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral AccountsAccount, and all Security Entitlements therein, as securities intermediary (as defined in Section 8-102(a) of the Code) and custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral AccountsAccount, and all Security Entitlements registered to or held therein, are subject to the control of Secured Party as provided in Section 4(e4(f).
Appears in 2 contracts
Samples: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral Accounts, and all Security Entitlements therein, as custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral Accounts, and all Security Entitlements registered to or held therein, are subject to the control of Secured Party as provided in Section 4(e4(f).
Appears in 2 contracts
Samples: Master Disbursement Agreement (Wynn Las Vegas LLC), Disbursement Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)
Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral Accounts, and all Security Entitlements therein, as securities intermediary (as defined in Section 8-102(a)(14) of the Code) and custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral Accounts, and all Security Entitlements registered to or held therein, are subject to the control of Secured Party as provided in Section 4(e4(f).
Appears in 2 contracts
Samples: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral Accounts, and all Security Entitlements therein, as custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral Accounts, and all Security Entitlements registered to or held therein, are subject to the control of Secured Party as provided in Section 4(e).. ANNEX A-8
Appears in 1 contract
Samples: Account Agreement (Grand Canal Shops Mall Construction LLC)
Acknowledgement of Securities Intermediary’s Role. Securities Intermediary hereby further acknowledges that it holds the Collateral Accounts, and all Security Entitlements carried therein, and all other Collateral held by Securities Intermediary under this Agreement, as custodian for, for the benefit of, and subject to the control of, Secured Party. Securities Intermediary shall, by book entry or otherwise, indicate that the Collateral Accounts, and all Security Entitlements registered to or held carried therein, are subject to the control of Secured Party as provided in Section 4(e).
Appears in 1 contract
