Certain Matters Relating to Interest, Dividends, etc. Until receipt of a Notice of Sole Control with respect to some or all of the Investment Collateral, the Securities Intermediary shall have no responsibility to furnish reports to the Administrative Agent with respect to, or to segregate or otherwise account to the Administrative Agent for, dividends, interest or other amounts received in Designated Accounts with respect to Investment Collateral.
Appears in 4 contracts
Samples: Control Agreement (BRP (Luxembourg) 4 S.a.r.l.), Control Agreement (BRP (Luxembourg) 4 S.a.r.l.), Control Agreement (Bombardier Recreational Products Inc.)
Certain Matters Relating to Interest, Dividends, etc. Until receipt of a Notice of Sole Control with respect to some or all of the Investment CollateralCollateral and after the receipt of the Revocation Notice of Sole Control, the Securities Intermediary shall have no responsibility to furnish reports to the Administrative Agent with respect to, or to segregate or otherwise account to the Administrative Agent for, dividends, interest or other amounts received in Designated Accounts with respect to Investment Collateral.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Business Sound Inc)
