Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Securities Intermediary shall comply with Entitlement Orders originated by the Grantor without further consent by the Secured Party. (b) Until the Securities Intermediary receives a notice from the Secured Party that the Secured Party shall exercise exclusive control over the Account (a “Notice of Exclusive Control”), the Securities Intermediary may distribute to the Grantor all funds and other property held in the Account.
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Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)
Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Securities Intermediary shall will comply with Entitlement Orders originated by the Grantor without further consent by the Secured Party.
(b) Until the Securities Intermediary receives a notice from the Secured Party that the Secured Party shall will exercise exclusive control over the Account (a “Notice of Exclusive Control”), the Securities Intermediary may distribute to the Grantor all funds interest and other regular cash dividends on property held in the Account.
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Grantor’s Rights in Account. (a) Except as otherwise provided in this Section 3, the Securities Intermediary shall will comply with Entitlement Orders originated by the Grantor without further consent by the Secured Party.
(b) Until the Securities Intermediary receives a notice from the Secured Party that the Secured Party shall exercise exclusive control over the Account (a “Notice of Exclusive Control”), the Securities Intermediary may distribute to the Grantor all funds and other property held in the Account.
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