Common use of “Financial Assets” Election Clause in Contracts

“Financial Assets” Election. All parties hereto agree that each item of Investment Property and all other property held in or credited to any Designated Account (the “Account Property”) shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 4 contracts

Samples: Control Agreement (Wendy's Co), Control Agreement (Wendy's Restaurants, LLC), Security Agreement (Wendy's/Arby's Restaurants, LLC)

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“Financial Assets” Election. All parties hereto agree that each item of Investment Property and all other property held in or credited to any Designated Account (the "Account Property") shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 3 contracts

Samples: Security Agreement (LNT Leasing II, LLC), Security Agreement (LNT Leasing II, LLC), Security Agreement (Emergency Medical Services CORP)

“Financial Assets” Election. All parties hereto agree Each party hereby agrees that each item of Investment Property and all other property held (whether investment property, financial asset, security or instrument (each as defined in the UCC) or cash) credited to any Designated the Account (on or after the “Account Property”) date of the Agreement shall be treated as a “financial asset” within the meaning of Section NY UCC § 8-102(a)(9) of the UCC).

Appears in 2 contracts

Samples: Account Control Agreement, Account Control Agreement

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“Financial Assets” Election. All The parties hereto agree that each item of Investment Property and all property (whether investment property, financial asset, security, instrument, cash or other property held in or property) credited to any Designated the Account (the “Account Property”) shall will be treated as a “financial asset” within the meaning of Section Sections 8-102(a)(9) and 8-103 of the UCC.

Appears in 1 contract

Samples: Securities Account Control Agreement

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