Notice and Acknowledgment of Security Interest. Depositor and the Agent hereby notify Depository Institution of, and Depository Institution hereby acknowledges, the security interest granted by Depositor to Agent for the benefit of the Lenders in all of the Depositor's right, title and interest in and to the Collateral.
Notice and Acknowledgment of Security Interest. The recitals set forth above are incorporated into this Agreement and shall serve as notice to Bank of the security interest in the Collateral granted by Depositor to Secured Party. Bxxx is entitled to reply upon such notice without further inquiry. The parties acknowledge that Bank is acting under this Agreement as a “bank” as that term is used in the Uniform Commercial Code of the Commonwealth of Pennsylvania, as in effect from time to time (including any successor law thereto, the “UCC”). Revised 10/12/2023
Notice and Acknowledgment of Security Interest. The Grantor and the Agent hereby notify the Securities Intermediary of, and the Securities Intermediary hereby acknowledges, the security interest granted by the Grantor to the secured parties represented herein by the Agent in all of the Grantor's right, title and interest in and to the Collateral.
