“Financial Assets” Election. The Depositary hereby agrees that each item of property (whether investment property, financial Asset, security, instrument or cash) comprising the Initial Deposit Amount, Available Funds, Collateral, or any other property otherwise credited to the Securities Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the Revised UCC.
Appears in 3 contracts
Samples: Interest Escrow Security Agreement (Intracel Corp), Interest Escrow Security Agreement (Intracel Corp), Securities Purchase Agreement (Intracel Corp)
“Financial Assets” Election. The Depositary Bank hereby agrees that each item of property (whether investment property, financial Assetasset, security, instrument or cash) comprising the Initial Deposit Amount, Available Funds, Collateral, or any other property otherwise credited to any of the Securities Account Accounts shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the Revised UCC.
Appears in 1 contract
Samples: Securities Account Control Agreement (Ce Generation LLC)
