Common use of Deposit, Commodity, and Securities Accounts Clause in Contracts

Deposit, Commodity, and Securities Accounts. Schedule 3.8 correctly identifies all Deposit Accounts, Commodity Accounts, and Securities Accounts in which a Grantor has an interest and the institutions holding such Deposit Accounts, Commodity Accounts and Securities Accounts. Each Grantor is the sole account holder of each such Deposit Accounts, Commodity Accounts and Securities Accounts, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than Administrative Agent) having Control over, or any other interest in, any such Deposit Accounts, Commodity Accounts and Securities Accounts or the property credited thereto. To the extent each such Deposit Account, Commodity Account, and Securities Account is subject to a Control Agreement, each such Control Agreement is in full force and effect and is sufficient to perfect a first priority security interest in favor of Administrative Agent in and to each such Deposit Account, Commodity Account, and Securities Account.