Common use of Entitlement Orders; Subordination of Lien, Waiver of Set-Off, etc Clause in Contracts

Entitlement Orders; Subordination of Lien, Waiver of Set-Off, etc. (a) The Trustee shall have the sole power to originate “Entitlement Orders” (as defined in UCC § 8-102(a)(8)) with respect to, the Pledged Collateral. The Securities Intermediary shall comply with Entitlement Orders issued by the Trustee with respect to the Pledged Collateral, without further consent of the Pledgor or any other Person.

Appears in 2 contracts

Samples: Security Agreement (Health Net Inc), Security and Control Agreement (Health Net Inc)

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Entitlement Orders; Subordination of Lien, Waiver of Set-Off, etc. (a) The Trustee shall shall, in accordance with and subject to all applicable laws, be the sole Entitlement Holder of, and have the sole power to originate "Entitlement Orders" (as defined in UCC § 8-102(a)(8)) with respect to, the Pledged Collateral. The Securities Intermediary shall immediately comply with Entitlement Orders issued by the Trustee with respect to the Pledged Collateral, Collateral without further consent of the Pledgor Pledgors or any other Person.

Appears in 2 contracts

Samples: Security and Control Agreement (Waterford Gaming Finance Corp), Security and Control Agreement (Waterford Gaming LLC)

Entitlement Orders; Subordination of Lien, Waiver of Set-Off, etc. (a) The Trustee shall be the sole Entitlement Holder of, and have the sole power to originate "Entitlement Orders" (as defined in UCC § ss. 8-102(a)(8)) with respect to, the Pledged Collateral. The Securities Intermediary shall comply with Entitlement Orders issued by the Trustee with respect to the Pledged Collateral, without further consent of the Pledgor or any other Person.

Appears in 1 contract

Samples: Security and Control Agreement (Horseshoe Gaming Holding Corp)

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Entitlement Orders; Subordination of Lien, Waiver of Set-Off, etc. (a) The Trustee shall be the sole Entitlement Holder of, and have the sole power to originate “Entitlement Orders” (as defined in UCC § 8-102(a)(88102(a)(8)) with respect to, the Pledged Collateral. The Securities Intermediary shall comply with Entitlement Orders issued by the Trustee with respect to the Pledged Collateral, without further consent of the Pledgor or any other Person.

Appears in 1 contract

Samples: Security and Control Agreement (Kinetic Concepts Inc /Tx/)

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