Common use of Investment Property (other than Certificated Securities) Clause in Contracts

Investment Property (other than Certificated Securities). (a) With respect to any Deposit Accounts, Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment Property owned or held by any Grantor, such Grantor will cause (except for Excluded Accounts) the intermediary maintaining such Investment Property to execute a Control Agreement relating to such Investment Property pursuant to which such intermediary agrees to comply with the Lender’s instructions with respect to such Investment Property without further consent by such Grantor.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Unilife Corp), Pledge and Security Agreement (Unilife Corp)

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Investment Property (other than Certificated Securities). (a) With respect to any Deposit Accounts, Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment Property owned or held by any Grantor, such Grantor will use commercially reasonable efforts to cause (except for Excluded Accounts) the intermediary maintaining such Investment Property to execute a Control Agreement relating to such Investment Property pursuant to which such intermediary agrees to comply with the LenderAdministrative Agent’s instructions with respect to such Investment Property without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

Investment Property (other than Certificated Securities). (a) With respect to any Deposit Accounts, Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment Property owned or held by any Grantor, such Grantor will use commercially reasonable efforts to cause (except for Excluded Accounts) the intermediary maintaining such Investment Property to execute a Control Agreement relating to such Investment Property pursuant to which such intermediary agrees to comply with the LenderTrustee’s or the Collateral Agent’s instructions with respect to such Investment Property without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

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Investment Property (other than Certificated Securities). (a) With respect to any Deposit Accounts, Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment Property owned or held by any Grantor, such Grantor will use commercially reasonable efforts to cause (except for Excluded Accounts) the intermediary maintaining such Investment Property to execute a Control Agreement relating to such Investment Property pursuant to which such intermediary agrees to comply with the LenderCollateral Agent’s instructions with respect to such Investment Property without further consent by such Grantor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

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