Common use of Intent of Buyer and Seller Clause in Contracts

Intent of Buyer and Seller. Xxxxx and 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 Account and Seller's Account (excluding cash) shall be treated as "financial assets", as such term is defined in the UCC.

Intent of Buyer and Seller. Xxxxx Buyer and Xxxxxx 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) in Buyer’s Account and Seller’s Account shall be treated as "“financial assets", ” as such term is defined in the UCC.

Intent of Buyer and Seller. Xxxxx Buyer and Xxxxxx 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 ’s Account and Seller's Account (excluding cash) shall be treated as "“financial assets", ” as such term is defined in the UCC.

Intent of Buyer and Seller. Xxxxx Buyer and Xxxxxx 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 Account, other than cash) , shall be treated as "financial assets", " as such term is defined in the UCC.

Intent of Buyer and Seller. Xxxxx Buyer and Xxxxxx 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.

Intent of Buyer and Seller. Xxxxx Buyer and Xxxxxx 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.