Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Securities Account as follows:
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Custodian to honor entitlement orders as agreed in Section 3 hereof, the custodian agrees to maintain the Securities Account as follows:
Maintenance of Securities Account. In addition to, and --------------------------------- not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Securities Account as follows:
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Qualified Trustee to honor Entitlement Orders as agreed in Section 5 hereof, the Qualified Trustee agrees to maintain the Securities Account as follows: end of each month.
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Securities Account in accordance with this Section 9. The Collateral shall be maintained by the Securities Intermediary in a separate non-commingled account and the Collateral Agent shall use reasonable care with respect to the custody, safekeeping and physical preservation of the Collateral in its possession and shall accord the Collateral treatment substantially equal to that which it accords its own property, it being understood that the Securities Intermediary in its capacity as such shall not, except as specifically set forth herein or contemplated hereby, have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities or other matters relative to any Collateral, whether or not the Securities Intermediary has or is deemed to have knowledge of such matters or (ii) taking any necessary steps to preserve rights against parties with respect to any Collateral. The Securities Intermediary shall have no right of offset against the Collateral with respect to any amounts owed to the Securities Intermediary, whether or not arising under this Agreement, and the Securities Intermediary hereby waives any such right of offset that it may otherwise have. Except as specifically provided herein, the Securities Intermediary covenants and agrees that it will not sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, any of the Collateral, nor will it create, incur or permit to exist any Lien or Transfer Restriction on or with respect to any of the Collateral, any interest therein, or any proceeds thereof, except as may be created or permitted by this Agreement or the Security Agreement.
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Securities Account as follows:
(a) Voting Rights. Until such time as the Securities Intermediary receives a Notice of Default and Sole Control pursuant to Section 3 hereof, the Grantor shall direct the Securities Intermediary with respect to the voting of any financial assets credited to the Securities Account.
(b) Permitted Investments. Until such time as the Securities Intermediary receives a Notice of Default and Sole Control signed by the Collateral Agent, the Grantor shall direct the Securities Intermediary with respect to the selection of investments to be made for the Securities Account; provided, however, that the Securities Intermediary shall not honor any instruction to purchase any investments other than investments of a type described on Exhibit B hereto.
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as provided in Section 3 hereof, the Securities Intermediary agrees to maintain the Securities Account as follows:
(i) Until the Securities Intermediary receives a written notice in substantially the form set forth in Exhibit A hereto (a "Notice of Exclusive Control") from the Collateral Agent that an Event of Default has occurred and is continuing and that the Collateral Agent will exercise exclusive control over each Securities Account, the Securities Intermediary may distribute to the Pledgor any and all property on deposit from time to time in such Securities Account and may comply with any and all directives concerning each Securities Account originated by the Pledgor.
Maintenance of Securities Account. Each Debtor shall, in connection with all Permitted Investments involving any of the Collateral, deposit or cause to be deposited all Investment Property, Instruments or other non-cash assets constituting Collateral into its Securities Account to be administered hereunder in accordance with the terms hereof for the exclusive benefit of the Secured Party and subject to a control agreement satisfactory in form and substance to the Secured Party.
Maintenance of Securities Account. Pursuant to the Securities Account Control Agreement, the Securities Account shall be maintained until Novellus' Obligations have been paid and performed in full.
Maintenance of Securities Account. In addition to, and not in lieu of, the obligation of Securities Intermediary to honor Entitlement Orders as agreed in Section 4 hereof, Securities Intermediary agrees to maintain the Securities Accounts as follows:
(a) Securities Intermediary will promptly send copies of all statements, confirmations and other correspondence concerning the Securities Accounts and/or any financial assets credited thereto simultaneously to each of Secured Party and Grantor at the addresses set forth in Section 14 of this Agreement;
(b) All items of income, gain, expense and loss recognized in the Securities Accounts shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Grantor; and
(c) Securities Intermediary will not change the name or account number of any of the Securities Accounts without the prior written consent of Secured Party.
