Acknowledgement of Security. The Custodian hereby acknowledges that pursuant to the Funding 2 Collateral Security Agreement the Security Provider has (i) granted in favour of Funding 2 a first fixed charge over all Posted Collateral and all Related Rights in relation to Posted Collateral; (ii) granted in favour of Funding 2 a first fixed charge over any amounts standing to the credit of the Cash Accounts and the Distribution Account and (iii) assigned to Funding 2 all the Security Provider's rights, title and interest in and under this Agreement (including, without limitation, its rights to require the Custodian to deliver securities to the Funding 2 Collateralised GIC Account Bank or to its order and its rights in and to the GIC Collateral Custody Account). The Custodian hereby further acknowledges that pursuant to the Funding 2 Deed of Charge, Funding 2 has created security over its rights under the Funding 2 Collateral Security Agreement and this Agreement in favour of the Funding 2 Security Trustee.
Acknowledgement of Security. Pursuant to that certain Collateral Trust and Security Agreement dated as of November 9, 2001 and amended as of June 27, 2003 among Buyer, the Security Trustee (as defined in Section 10(c) above) and Bear, Xxxxxxx Securities Corp., as securities intermediary, Buyer has granted to the Security Trustee a first priority security interest in all of Buyer’s right, title and interest in and to this Agreement and each Transaction hereunder. Seller acknowledges such security interest and understands that (i) the Security Trustee has the right to enforce the rights of Buyer hereunder, including the right of Buyer to give notices to Seller, to declare a Termination Date on behalf of Buyer hereunder, to determine Market Value and to calculate the Mandatory Early Repurchase Amount with respect to a Transaction as of the Mandatory Early Repurchase Date; (ii) the Security Trustee is an express third party beneficiary of this Agreement; and (iii) in no event will the Security Trustee incur any obligations or liabilities hereunder. Buyer acknowledges that the arrangement described in this subparagraph imposes no additional duties or obligations upon Seller.
Acknowledgement of Security. (a) In respect of Secured Notes only, the Custodian hereby acknowledges that the Issuer grants security over its rights in respect of this Agreement and the Accounts in favour of the Security Trustee pursuant to the Supplemental Trust Deed and any other Security Document (if applicable) and the Custodian hereby confirms that it has notice of the grant of such security.
Acknowledgement of Security. In respect of each relevant Series of ETP Securities, the Initial Authorised Participant acknowledges an assignment by way of security, in favour of the Trustee, of all of the Issuer’s rights, title, interest and benefit present and future in, to and under this Authorised Participant Agreement.
Acknowledgement of Security. In respect of each relevant Series of ETP Securities, each party to this Determination Agency Agreement acknowledges an assignment by way of security, in favour of the Trustee, of all of the Issuer’s rights, title, interest and benefit present and future in, to and under this Determination Agency Agreement.
Acknowledgement of Security. Pursuant to that certain Collateral Trust and Security Agreement dated as of November 9, 2001 among Buyer, The Chase Manhattan Bank, as trustee (the "Security Trustee") and Bear Stearns Securities Corp., as securities intermediary, Buyer has xxxxxxd to the Security Trustee a first priority security interest in all of Buyer's right, title and interest in and to this Master Repurchase Agreement and each Transaction hereunder. Seller acknowledges such security interest and understands that the Security Trustee has the right to enforce the rights of Buyer hereunder, including the right of Buyer to give notices to Seller, to declare a Termination Date on behalf of Buyer hereunder, to determine Market Value and to calculate the Repurchase Price and Hedge Value as of the Mandatory Early Repurchase Date, that the Security Trustee is an express third party beneficiary of this Master Repurchase Agreement and in no event will the Security Trustee incur any obligations or liabilities hereunder.
Acknowledgement of Security. (a) The Property Manager acknowledges that the Borrower has charged, by way of legal mortgage, the Property and has assigned the Rental Income absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the Secured Liabilities, in each case, to the Lender.
Acknowledgement of Security interest
Acknowledgement of Security. (a) The Custodian hereby acknowledges that in respect of each Series the Issuer has granted security over its rights in respect of this Agreement and the Accounts for such Series in favour of the Trustee pursuant to the Security Documents for such Series.
Acknowledgement of Security. Interest by La Paloma Borrower, dated as of December 5, 2007;
