Common use of Establishment of Collateral Account Clause in Contracts

Establishment of Collateral Account. The Securities Intermediary hereby confirms that: (a) the Securities Intermediary has established the Collateral Account; (b) the Collateral Account is a securities account; (c) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records the Collateral Agent as the entitlement holder entitled to exercise the rights that comprise any financial asset credited to the Collateral Account; (d) all property delivered to the Securities Intermediary pursuant to this Agreement or the Purchase Contract Agreement will be credited promptly to the Collateral Account; (e) all securities or other property underlying any financial assets credited to the Collateral Account shall be registered in the name of the Purchase Contract Agent and indorsed to the Collateral Agent or in blank, registered in the name of the Collateral Agent or credited to another securities account maintained in the name of the Collateral Account.

Establishment of Collateral Account. The Securities Intermediary hereby confirms that: (a) the Securities Intermediary has established the Collateral Account; (b) the Collateral Account is a securities account; (c) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records the Collateral Agent as the entitlement holder entitled to exercise the rights that comprise any financial asset credited to the Collateral Account; (d) all property delivered to the Securities Intermediary pursuant to this Agreement or the Purchase Contract Agreement will be credited promptly to the Collateral Account;; and (e) all securities or other property underlying any financial assets credited to the Collateral Account shall be (i) registered in the name of the Purchase Contract Agent and indorsed to the Collateral Agent or in blank, (ii) registered in the name of the Collateral Agent or (iii) credited to another securities account maintained in the name of the Collateral Account.

Establishment of Collateral Account. The Securities Intermediary hereby confirms that: (a) the Securities Intermediary has established the Collateral Account; (b) the Collateral Account is a securities account; (c) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records the Collateral Agent as the entitlement holder entitled to exercise the rights that comprise any financial asset credited to the Collateral Account; (d) all property delivered to the Securities Intermediary pursuant to this Agreement or the Purchase Contract Agreement will be credited promptly to the Collateral Account;; and (e) all securities or other property underlying any financial assets credited to the Collateral Account shall be registered in the name of the Purchase Contract Agent and indorsed endorsed to the Collateral Agent Securities Intermediary or in blank, registered in the name of the Collateral Agent Securities Intermediary or credited to another securities account maintained in the name of the Collateral AccountSecurities Intermediary.

Establishment of Collateral Account. The Securities Intermediary hereby confirms that: (a1) the Securities Intermediary has established the Collateral Account; (b2) the Collateral Account is a securities account; (c3) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records treat the Collateral Purchase Contract Agent as the entitlement holder entitled to exercise the rights that comprise any financial asset credited to the Collateral Account; (d4) all property delivered to the Securities Intermediary pursuant to this Agreement or the Purchase Contract Agreement will be credited promptly to the Collateral Account; (e5) all securities or other property underlying any financial assets credited to the Collateral Account shall be registered in the name of the Purchase Contract Agent and Securities Intermediary, indorsed to the Collateral Agent Securities Intermediary or in blank, registered in the name of the Collateral Agent or credited to another securities account maintained in the name of the Collateral Account.securities