Common use of “Financial Assets” Election Clause in Contracts

“Financial Assets” Election. The Account Bank agrees that each item of property (including any security, instrument or obligation, share, participation, interest, cash or cash equivalent or other property whatsoever) credited to the Indenture Trustee's Account shall be treated as a "financial asset" within the meaning of Section 8-l02(a)(9) of the UCC.

Appears in 6 contracts

Samples: Indenture of Trust, Mortgage and Security Agreement (Calpine Corp), Indenture of Trust, Mortgage and Security Agreement (Calpine Corp), Indenture of Trust, Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement (Calpine Corp)

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“Financial Assets” Election. The Account Bank Indenture Trustee hereby agrees that each item of property (including any whether investment property, financial asset, security, instrument or obligation, share, participation, interest, cash or cash equivalent or other property whatsoevercash) credited to the Indenture Trustee's Account Accounts shall be treated as a "financial assetFinancial Asset" within the meaning of Section 8-l02(a)(9102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Indenture (HPSC Inc), Indenture (HPSC Inc)

“Financial Assets” Election. The Account Bank agrees that each item of property (including any security, instrument or obligation, share, participation, interest, cash or cash equivalent interest or other property whatsoever) credited to the Lease Indenture Trustee's Account shall be treated as a "financial asset" within the meaning of Section 8-l02(a)(9102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Indenture of Trust, Mortgage and Security Agreement (Edison Mission Energy), Indenture of Trust, Mortgage and Security Agreement (Edison Mission Energy)

“Financial Assets” Election. The Account Bank agrees that each item of property (including any security, instrument or obligation, share, participation, interest, cash or cash equivalent or other property whatsoever) credited to the Indenture Trustee's ’s Account shall be treated as a "financial asset" within the meaning of Section 8-l02(a)(9102(a)(9) of the UCC.

Appears in 1 contract

Samples: Security Agreement (Firstenergy Corp)

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“Financial Assets” Election. The Account Bank agrees that each item of property (including any security, instrument or obligation, share, participation, interest, cash or cash equivalent or other property whatsoever) credited to the Indenture Trustee's Account shall be treated as a "financial asset" within the meaning of Section 8-l02(a)(9102(a)(9) of the UCC.

Appears in 1 contract

Samples: Indenture of Trust, Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement (Calpine Corp)

“Financial Assets” Election. The Account Each of the Company, the Collateral Agent and the Depositary Bank agrees that each item of property (including any whether cash, a security, an instrument or obligation, share, participation, interest, cash interest or cash equivalent or any other property whatsoever) credited to the Indenture Trustee's any Account shall be treated as a "financial asset" within the meaning of Section 8-l02(a)(9) asset under Article 8 of the UCC.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Iridium Facilities Corp)

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