“Financial Assets” Election. The Depositary Bank agrees that each item of property (excluding cash, but including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to any Project Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Agency and Intercreditor Agreement (Aes Red Oak LLC), Collateral Agency and Intercreditor Agreement (Aes Ironwood LLC)
“Financial Assets” Election. The Depositary Depository Bank hereby agrees that each item of property (excluding cashwhether investment property, but including any financial asset, security, instrument or obligation, share, participation, interest or other property whatsoevercash) credited to any Project the Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9l02(a)(9) of the UCC.
Appears in 2 contracts
Samples: Financing Agreement (Starband Communications Inc), Security Agreement (Starband Communications Inc)
“Financial Assets” Election. The Depositary Bank Financial Institution hereby agrees that each item of property (excluding cashincluding, but including without limitation, all Cash Equivalents and any investment property, financial asset, security, instrument or obligation, share, participation, interest or other property whatsoevercash) credited to any Project Pledged Account that is a Securities Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Collateral Account Control Agreement (Delta Energy Center, LLC), Security Agreement (Delta Energy Center, LLC)
“Financial Assets” Election. The Depositary Bank agrees that each item of property (excluding cash, but including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to any Project Indenture Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 2 contracts
Samples: Trust Indenture (Aes Ironwood LLC), Trust Indenture (Aes Red Oak LLC)
“Financial Assets” Election. The Depositary Bank agrees that each item of property (excluding cash, but including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to any Project Account the Cashflow Recapture Fund 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 Agency and Intercreditor Agreement (Midwest Generation LLC)
“Financial Assets” Election. The Depositary Bank agrees that each item of property (excluding cash, but including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to any Project 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 Agency Agreement (PPL Electric Utilities Corp)
