Common use of Financial Asset Election Clause in Contracts

Financial Asset Election. The Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) held in the Securities Account shall be treated as a "financial asset" within the meaning of 8-102(a)(9) of the Uniform Commercial Code.

Appears in 2 contracts

Samples: Interim Interest Reserve Account Agreement (Windsor Woodmont Black Hawk Resort Corp), Interest Reserve Account Agreement (Windsor Woodmont Black Hawk Resort Corp)

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Financial Asset Election. The Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) held in the Securities Account Accounts shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the Uniform Commercial Code.

Appears in 1 contract

Samples: Hyatt Gaming Account Agreement (Windsor Woodmont Black Hawk Resort Corp)

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Financial Asset Election. The Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) held in the Securities Account Accounts shall be treated as a "financial asset" within the meaning of 8-102(a)(9) of the Uniform Commercial Code.

Appears in 1 contract

Samples: Account Agreement (Windsor Woodmont Black Hawk Resort Corp)

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