“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 56 contracts
Samples: Account Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral each Securities Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 35 contracts
Samples: Control Agreement (Honda Auto Receivables 2015-4 Owner Trust), Control Agreement (Honda Auto Receivables 2015-4 Owner Trust), Control Agreement (Honda Auto Receivables 2015-3 Owner Trust)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether including, without limitation, any investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral the Securities Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 21 contracts
Samples: Credit Agreement (Enviva Partners, LP), Guarantee and Collateral Agreement (AAC Holdings, Inc.), Pledge and Security Agreement (Safeguard Scientifics Inc)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral Account to the extent that it constitutes a securities account Accounts shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 21 contracts
Samples: Control Agreement (BMW Vehicle Lease Trust 2024-2), Control Agreement (BMW Vehicle Lease Trust 2024-2), Control Agreement (BMW Vehicle Lease Trust 2024-1)
“Financial Assets” Election. The Financial Institution hereby agrees parties hereto agree that each item of property (whether investment property, financial asset, security, instrument, general intangible cash or cashother property) credited to a Collateral the Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section Sections 8-102(a)(9) and 8-103 of the UCC.
Appears in 17 contracts
Samples: Guarantee and Security Agreement (Unova Inc), Guarantee and Security Agreement (Nortel Networks Corp), Guarantee and Security Agreement (Keystone Marketing Services Inc)
“Financial Assets” Election. The Financial Institution hereby agrees parties hereto agree that each item of property (whether investment property, financial asset, security, instrument, general intangible cash or cashother property) credited to a Collateral the Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section Sections 8-102(a)(9) and 8-103 of the UCC.
Appears in 9 contracts
Samples: Notes Security Agreement (Tower Automotive, LLC), First Lien Term Loan Security Agreement (Tower Automotive, LLC), Abl Security Agreement (Tower Automotive, LLC)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral the Reserve Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 9 contracts
Samples: Control Agreement (Nissan Auto Leasing LLC Ii), Control Agreement (Nissan Auto Lease Trust 2010-A), Control Agreement (Nissan-Infiniti Lt)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral Account to the extent that it constitutes a securities account Reserve Fund shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 7 contracts
Samples: Control Agreement (BMW Vehicle Lease Trust 2017-1), Control Agreement (BMW Vehicle Lease Trust 2017-1), Control Agreement (BMW Vehicle Lease Trust 2016-2)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether including, without limitation, all Permitted Investments and any investment property, financial asset, security, instrument, general intangible instrument or cash) credited to any Pledged Account that is a Collateral Securities Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Wynn Resorts LTD), Guarantee and Collateral Agreement (Wynn Las Vegas LLC), Guarantee and Collateral Agreement (Wynn Resorts LTD)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral the Securities Account to (collectively, the extent that it constitutes a securities account "Financial Assets") shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) Article 8 of the UCC.
Appears in 4 contracts
Samples: Loan Agreement (Unified Series Trust), Loan Agreement (Manager Directed Portfolios), Loan Agreement (City National Rochdale Strategic Credit Fund)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral Securities Account to (collectively, the extent that it constitutes a securities account “Financial Assets”) shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) Article 8 of the UCC.
Appears in 3 contracts
Samples: Loan Agreement (EA Series Trust), Loan Agreement (Aristotle Funds Series Trust), Loan Agreement (Wilshire Mutual Funds Inc)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral each Securities Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 3 contracts
Samples: Control Agreement (American Honda Receivables 2006-1 Owner Trust), Control Agreement (Honda Auto Receivables 2006-2 Owner Trust), Control Agreement (Honda Auto Receivables 2007-3 Owner Trust)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible or cash) credited to a the Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 3 contracts
Samples: Account Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral Securities Account to (collectively, the extent that it constitutes a securities account "Financial Assets") shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) Article 8 of the UCC.
Appears in 3 contracts
Samples: Loan Agreement (City National Rochdale Funds), Loan Agreement (City National Rochdale Funds), Loan Agreement (Baird Funds Inc)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2012-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2012-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2012-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2021-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Control Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Control Agreement (Mercedes-Benz Auto Lease Trust 2021-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2020-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Control Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Control Agreement (Mercedes-Benz Auto Lease Trust 2020-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2018-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2018-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2018-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2024-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2024-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 20[__]-[_] Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Daimler Trust), Control Agreement (Daimler Trust)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2019-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2019-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2019-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2024-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Control Agreement (Mercedes-Benz Auto Lease Trust 2024-B), Control Agreement (Mercedes-Benz Auto Lease Trust 2024-B)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral the Securities Account to (collectively, the extent that it constitutes a securities account "Financial Assets") shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) Article 8 of the UCC.
Appears in 2 contracts
Samples: Custody Agreement (Upright Investments Trust), Securities Account Control Agreement (Tortoise North American Energy Corp)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2020-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2020-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2020-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2016-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2016-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2019-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Collateral Control Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2017-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2017-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2018-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Control Agreement (Mercedes-Benz Auto Lease Trust 2018-B), Control Agreement (Mercedes-Benz Auto Lease Trust 2018-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2016-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2016-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2016-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2021-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2021-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2023-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Control Agreement (Mercedes-Benz Auto Lease Trust 2023-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a the Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(98.102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Agreement (Superior Offshore International Inc.)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to any Pledged Account that is a Collateral Securities Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Xo Communications Inc)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, a financial asset, a security, instrument, general intangible an instrument or cash) credited to a the Cash Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” (within the meaning of Section 8-102(a)(9) of the UCC).
Appears in 1 contract
Samples: Support Agreement, Cash Collateral and Control Agreement (Crescent Banking Co)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether including, without limitation, all investment property, financial asset, security, instrument, general intangible instrument or cash) credited to any Pledged Account that is a Collateral Securities Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2013-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2013-B)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether including, without limitation, any investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral the Securities Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(91 02(a)(9) of the UCCVCC.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (AbitibiBowater Inc.)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2013-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2013-A)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether investment propertyincluding, without limitation, any financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral the Blocked Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Loan Arrangement and Reimbursement Agreement (Tesla Motors Inc)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2015-B Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Control Agreement (Mercedes-Benz Auto Lease Trust 2015-B)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether including, without limitation, any investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a Collateral the Pledged Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Securities Account Control Agreement (Mandatory Exchangeable Trust)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2014-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2014-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a the Cash Collateral Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
“Financial Assets” Election. The Financial Institution ---------------- hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to any Pledged Account that is a Collateral Securities Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Subordinated Credit Agreement (National Steel Corp)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a any 2015-A Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial assetFinancial Asset” within the meaning of as set forth in Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Control Agreement (Mercedes-Benz Auto Lease Trust 2015-A)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether cash, a security, investment property, property or other financial asset, security, instrument, general intangible or cash) credited to a Collateral Account to the extent that it constitutes a securities account Accounts shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Securities Account Control Agreement (Monroe Capital Income Plus Corp)
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral Account to the extent that it constitutes a securities account Securities Account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
“Financial Assets” Election. The Financial Institution hereby agrees that each item of property (whether including, without limitation, all investment property, financial assetassets, securitysecurities, instrument, general intangible instruments or cash) credited to any Pledged Account that is a Collateral Securities Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a the Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Agreement (Superior Offshore International Inc.)
“Financial Assets” Election. The Financial Institution Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a the Collateral Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCCCode.
Appears in 1 contract
Samples: Holdings Collateral Account Agreement (Aladdin Capital Corp)
“Financial Assets” Election. The Financial Institution Custodian hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible instrument or cash) credited to a the Collateral Account to the extent that it constitutes a securities account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 1 contract
Samples: Collateral Account Control Agreement (Convergent Communications Inc /Co)
