Establishment of Collateral Accounts. The Financial Institution hereby confirms and agrees that: (a) The Financial Institution has established the following accounts: (i) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account"); (ii) the "[identify exact title of account]" with account number [identify account number] in the name "[identify exact title of account]" in the name of "[identify name of account holder]" (the "_____ Account"); and (iii) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account"). Each such account and any successor account, being referred to herein individually as a "Pledged Account" and collectively as the "Pledged Accounts." The Financial Institution shall not change the name or account number of any Pledged Account without the prior written consent of the Secured Party(1); (b) Each of the Pledged Accounts are either a "securities account" (as defined in Section 8-501 of the UCC) or a "deposit account" as defined in Section 9-102(a)(29) of the UCC). The Financial Intermediary acknowledges and agrees that the ____ Account[s] are intended to be deposit accounts and the _________ Account[s] are intended to be securities accounts. Notwithstanding such intention, as used herein "Deposit Account" shall mean any Pledged Account which is determined to be a "deposit account" (within Exhibit C-1
Appears in 1 contract
Samples: Pledge and Security Agreement (Mariner Health Care Inc)
Establishment of Collateral Accounts. The Financial Institution hereby confirms and agrees that:
(a) The Financial Institution has established the following accounts:
(i) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account");
(ii) the "[identify exact title of account]" ” with account number [identify account number] in the name "“[identify exact title of account]" ” in the name of "“[identify name of account holder]" ” (the "_____ “ Account"”);
(ii) the “[identify exact title of account]” with account number [identify account number] in the name “[identify exact title of account]” in the name of “[identify name of account holder]” (the “ Account”); and
(iii) the "[IDENTIFY EXACT TITLE OF ACCOUNTidentify exact title of account]" ” with account number [IDENTIFY ACCOUNT NUMBERidentify account number] in the name "“[IDENTIFY EXACT TITLE OF ACCOUNTidentify exact title of account]" ” in the name of "“[identify name of account holder]" ” (the "_____ “ Account"”). Each such account and any successor account, being referred to herein individually as a "“Pledged Account" ” and collectively as the "“Pledged Accounts." ” The Financial Institution shall not change the name or account number of any Pledged Account without the prior written consent of the Secured Party(1)Party;
(b) Each of the Pledged Accounts are is either a "“securities account" ” (as defined in Section 8-501 of the UCC) or a "“deposit account" ” as defined in Section 9-102(a)(29) of the UCC). The Financial Intermediary acknowledges and agrees that the ____ Account[s] are intended to be deposit accounts and the _________ Account[s] are intended to be securities accounts. Notwithstanding such intention, as used herein "“Deposit Account" ” shall mean any Pledged Account which is determined to be a "“deposit account" ” (within Exhibit C-1the meaning of Section 9-
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xo Communications Inc)
Establishment of Collateral Accounts. The Financial Institution hereby confirms and agrees that:
(a) The Financial Institution has established the following accounts:
(i) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account");
(ii) the "[identify exact title of account]" with account number [identify account number] in the name "[identify exact title of account]" in the name of "[identify name of account holder]" (the "_____ Account"); and
(iii) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account"). Each such account and any successor account, being referred to herein individually as a "Pledged Account" and collectively as the "Pledged Accounts." The Financial Institution shall not change the name or account number of any Pledged Account without the prior written consent of the Secured Party(1)Party1;
(b) Each of the Pledged Accounts are either a "securities account" (as defined in Section 8-501 of the UCC) or a "deposit account" as defined in Section 9-102(a)(29) of the UCC). The Financial Intermediary acknowledges and agrees that the ____ Account[s] are intended to be deposit accounts and the _________ Account[s] are intended to be securities accounts. Notwithstanding such intention, as used herein "Deposit Account" shall mean any Pledged Account which is determined to be a "deposit account" (within Exhibit C-1be
Appears in 1 contract
Samples: Pledge and Security Agreement (Atlantic Coast Entertainment Holdings Inc)
Establishment of Collateral Accounts. The Financial Institution hereby confirms and agrees that:
(a) The Financial Institution has established the following accounts:
(i) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account");
(ii) the "[identify exact title of account]" with account number [identify account number] in the name "[identify exact title of account]" in the name of "[identify name of account holder]" (the "_____ Account"); and
(iii) the "[IDENTIFY EXACT TITLE OF ACCOUNT]" with account number [IDENTIFY ACCOUNT NUMBER] in the name "[IDENTIFY EXACT TITLE OF ACCOUNT]" in the name of "[identify name of account holder]" (the "_____ Account"). Each such account and any successor account, being referred to herein individually as a "Pledged Account" and collectively as the "Pledged Accounts." The Financial Institution shall not change the name or account number of any Pledged Account without the prior written consent of the Secured Party(1Party(i);
(b) Each of the Pledged Accounts are either a "securities account" (as defined in Section 8-501 of the UCC) or a "deposit account" as defined in Section 9-102(a)(29) of the UCC). The Financial Intermediary acknowledges and agrees that the ____ Account[s] are intended to be deposit accounts and the _________ Account[s] are intended to be securities accounts. Notwithstanding such intention, as used herein "Deposit Account" shall mean any Pledged Account which is determined to be a "deposit account" (within Exhibit C-1the meaning of Section 9-102(a)(29) of the UCC) and "Securities Account" shall mean any Pledged Account which is determined to be a "securities account" (within the meaning of Section 8-501 of the UCC). PLEDGE AND SECURITY AGREEMENT 434560-New York Server 3A EXECUTION
Appears in 1 contract
Samples: Pledge and Security Agreement (Mariner Health Care Inc)