Common use of Grantor’s Rights in Account Clause in Contracts

Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Commodity Intermediary will comply with Entitlement Orders concerning the Account originated by the Grantor without further consent by the Secured Party. (a) Until the Commodity Intermediary receives a notice from the Secured Party that the Secured Party will exercise exclusive control over the Account (a "Notice of Exclusive Control"), the Commodity Intermediary may act on any directions originated by the Grantor concerning the Account. (b) If the Commodity Intermediary receives from the Secured Party a Notice of Exclusive Control with respect to the Account, the Commodity Intermediary will comply only with Entitlement Orders concerning the Account originated by the Secured Party and will cease: (i) complying with Entitlement Orders or other directions concerning the Account originated by the Grantor; and (ii) distributing to the Grantor any value distributed on account of any commodity contract or contracts carried in the Account.

Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Commodity Intermediary will comply with Entitlement Orders concerning the Account originated by the Grantor without further consent by the Secured Party. (ab) Until the Commodity Intermediary receives a notice from the Secured Party that the Secured Party will exercise exclusive control over the Account (a "Notice of Exclusive Control"), the Commodity Intermediary may act on any Entitlement Orders or other directions originated by the Grantor concerning the Account. (bc) If the Commodity Intermediary receives from the Secured Party a Notice of Exclusive Control with respect to the AccountControl, the Commodity Intermediary will comply only with Entitlement Orders concerning the Account originated by the Secured Party and will cease: (i) complying with Entitlement Orders or other directions concerning the Account originated by the Grantor; Grantor and (ii) distributing to the Grantor any value distributed on account of any commodity contract or contracts carried in the Account.

Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Commodity Intermediary will comply with Entitlement Orders concerning the Account originated by the Grantor without further consent by the Secured Party. (ab) Until the Commodity Intermediary receives a notice from the Secured Party that the Secured Party will exercise exclusive control over the Account (a "“Notice of Exclusive Control"”), the Commodity Intermediary may act on any Entitlement Orders or other directions originated by the Grantor concerning the Account. (bc) If the Commodity Intermediary receives from the Secured Party a Notice of Exclusive Control with respect to the AccountControl, the Commodity Intermediary will comply only with Entitlement Orders concerning the Account originated by the Secured Party and will cease: (i) complying with Entitlement Orders or other directions concerning the Account originated by the Grantor; and (ii) distributing to the Grantor any value distributed on account of any commodity contract or contracts carried in the Account.

Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3herein, the Commodity Intermediary will comply with Entitlement Orders and other directions concerning the Account originated by the Grantor without further consent by the Secured PartyGrantor. (ab) Until the Commodity Intermediary receives a notice from the Secured Party that the Secured Party will exercise exclusive control over the Account (a "Notice of Exclusive Control"), the Commodity Intermediary may act on any directions originated by the Grantor concerning the AccountAccount except directions consisting of any Entitlement Order. (bc) If the Commodity Intermediary receives from the Secured Party a Notice of Exclusive Control with respect to the AccountControl, until such notice shall have been withdrawn, the Commodity Intermediary will comply only with Entitlement Orders concerning the Account originated by the Secured Party cease acting on any directions referred to in subsection (b) above and will cease: (i) cease complying with Entitlement Orders or other directions concerning from the Account originated by the Grantor; and (ii) distributing to the Grantor any value distributed on account of any commodity contract or contracts carried in the AccountGrantors with respect thereto.