Common use of Intent of Buyer and Seller Clause in Contracts

Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a “securities intermediary” as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities in Buyer’s Account and Seller’s Account (excluding cash) shall be treated as “financial assets” as such term is defined in the UCC.

Appears in 1 contract

Samples: Master Repurchase Agreement (Tiaa-Cref Funds)

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Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a "securities intermediary" as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities in Buyer’s 's Account and Seller’s 's Account (excluding cash) shall be treated as "financial assets" as such term is defined in the UCC.

Appears in 1 contract

Samples: Repurchase Agreement (College Retirement Equities Fund)

Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a “securities intermediary” as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities Securities, excluding cash, in Buyer’s Account and Seller’s Account (excluding cash) shall be treated as “financial assets” as such term is defined in the UCC.

Appears in 1 contract

Samples: Forms of Custodial Agreement (Vanguard CMT Funds)

Intent of Buyer and Seller. Buyer Xxxxx and Seller Xxxxxx agree that it is intended that Custodian act as a "securities intermediary" as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities in Buyer’s 's Account and Seller’s 's Account (excluding cash) shall be treated as "financial assets", as such term is defined in the UCC.

Appears in 1 contract

Samples: archive.rcgov.org

Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a "securities intermediary" as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities in Buyer’s Account and Seller’s Account (excluding 's Account, other than cash) , shall be treated as "financial assets" as such term is defined in the UCC.

Appears in 1 contract

Samples: Vanguard CMT Funds

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Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a "securities intermediary" as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities in Buyer’s 's Account and Seller’s 's Account (excluding cash) shall be treated as "financial assets", as such term is defined in the UCC.

Appears in 1 contract

Samples: archive.rcgov.org

Intent of Buyer and Seller. Buyer and Seller agree that it is intended that Custodian act as a “securities intermediary” as such term is defined in the UCC with respect to Transactions hereunder. In addition, the parties intend that all Securities (excluding cash) in Buyer’s Account and Seller’s Account (excluding cash) shall be treated as “financial assets” as such term is defined in the UCC.

Appears in 1 contract

Samples: Forms of Custodial Agreement (Vanguard CMT Funds)

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