“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 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 Red Oak LLC), Power Purchase Agreement (Aes Ironwood 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 Indenture 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 Each of the Company, the Collateral Agent and the Depositary Bank agrees that each item of property (excluding whether cash, but including any a security, an instrument or obligation, share, participation, interest or any other property whatsoever) credited to any Indenture Project Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) asset under Article 8 of the UCC.
Appears in 1 contract
Samples: Iridium Operating 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 Indenture 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)
