Common use of “Financial Assets” Election Clause in Contracts

“Financial Assets” Election. The Security Agent agrees that each item of property (including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to the Security Agent's 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: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust, Open End Mortgage and Leasehold Mortgage and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)

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“Financial Assets” Election. The Security Agent agrees that each item of property (including any security, instrument or obligation, share, participation, interest or other property whatsoever) credited to the Security Agent's Account shall be treated as a "FINANCIAL ASSETfinancial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 1 contract

Samples: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)

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