Common use of Entitlement Order Clause in Contracts

Entitlement Order. If at any time the Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) issued by the Administrative Agent and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Company or any other Person.

Appears in 6 contracts

Samples: Security Agreement (Lenox Group Inc), Control Agreement (Department 56 Inc), Control Agreement (Bearingpoint Inc)

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Entitlement Order. If at any time the Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) issued by the Administrative Collateral Agent and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Company or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)

Entitlement Order. If at any time the Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) issued by the Administrative Agent and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Company Pledgor or any other Personperson.

Appears in 2 contracts

Samples: Control Agreement (BRP (Luxembourg) 4 S.a.r.l.), Control Agreement (Bombardier Recreational Products Inc.)

Entitlement Order. If at any time the Securities Intermediary shall receive an "entitlement order" (within the meaning of Section 8-102(a)(8) of the UCC) issued by the Administrative Agent and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Company Grantor or any other Person.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Business Sound Inc)

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Entitlement Order. If at any time the Securities Intermediary shall receive an “entitlement order” (within order”(within the meaning of Section 8-102(a)(8) of the UCC) issued by from the Administrative Agent Trustee and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated AccountsAccount, the Securities Intermediary shall comply with such entitlement order without further consent by the Company or any other Person.

Appears in 1 contract

Samples: Security Agreement (Velocity Express Corp)

Entitlement Order. If at any time the Securities Intermediary shall receive an "entitlement order" (within the meaning of Section 8-102(a)(8) of the UCCUCC (which shall include any Notice of Sole Control delivered pursuant to this Control Agreement)) issued by the Administrative Agent and relating to Investment Collateral or other Investment Property maintained in one or more of the Designated AccountsTrustee, the Securities Intermediary shall comply with such entitlement order without further consent by the Company Pledgor or any other Personperson.

Appears in 1 contract

Samples: Assumption Agreement (Crum & Forster Holdings Corp)

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