No Lien or Pledge by Custodian. Custodian agrees that Purchased Securities shall not be subject to any security interest, lien or right of setoff by Custodian or any third party claiming through Custodian and Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, any Purchased Securities.
No Lien or Pledge by Custodian. Buyer’s Account, including Purchased Assets therein, and Seller’s Account, including Assets and Cash therein, shall not be subject to any security interest, lien or right of setoff by Custodian or any third party claiming through Custodian. Except as required by law or regulation, Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, any Assets held in Buyer’s Account or Seller’s Account pursuant to the Agreement.
No Lien or Pledge by Custodian. Custodian agrees that the Collateral Accounts and Collateral in the Collateral Accounts shall not be subject to any security interest, lien or right of set-off by Custodian (except as set forth in Section 18.14 of the MLSA) or any third party claiming through Custodian. Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, Collateral, except to the extent set forth in the MLSA or as otherwise authorized by Secured Party.
No Lien or Pledge by Custodian. The Custodian agrees that no Custodial Property shall be subject to any Lien or right of setoff by the Custodian or any third party claiming through the Custodian (including (a) any and all contractual rights of set-off, lien or compensation, (b) any and all statutory or regulatory rights of pledge, lien, set-off or compensation, (c) any and all statutory, regulatory, contractual or other rights to put on hold, block transfers from or fail to honor instructions of the Pledgee or (d) any and all statutory or other rights to prohibit or otherwise limit the pledge, assignment, collateral assignment or granting of any type of security interest in the Custodial Property), and the Custodian shall not Grant any third party an interest in, any Custodial Property. The Custodian agrees that, if there is any conflict between this Pledge Agreement and any other agreement between the Custodian and any Pledgor regarding the Custodial Property (other than an agreement between Xxxxx Fargo and MCG not related to the subject matter of this Agreement), the provisions of this Pledge Agreement shall control. The Custodian shall promptly notify the Pledgee if any person asserts or seeks to assert a Lien or other adverse claim against any portion or all of the Custodial Property.
No Lien or Pledge by Custodian. Custodian agrees that Collateral credited to the Collateral Account shall not be subject to any security interest, lien or right of setoff in favor of or by Custodian or any third party claiming through Custodian, and Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, otherwise grant any third party an interest in, or provide any third party with control (as defined in Section 8-106 or 9-115(1)(e) of the UCC) with respect to, any Collateral. Custodian waives any security interest in or right of setoff against the Collateral for any fees, costs, expenses or other obligations payable in respect of the Collateral Account by Borrower.
No Lien or Pledge by Custodian. Custodian agrees that the Accounts and Assets in the Accounts shall not be subject to any security interest, lien or right of set-off by Custodian or any third party claiming through Custodian (except pursuant to the Control Agreement). Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, Assets, except to the extent authorized by Company and Secured Party.
