Common use of Notice of Adverse Claim Clause in Contracts

Notice of Adverse Claim. Except for the claims and interest of the Secured Party and of the Debtor in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any "financial asset" (as defined in Section 8-102(a) of the UCC) credited thereto. If any person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and Debtor thereof.

Appears in 2 contracts

Samples: Credit Agreement (Orion Power Holdings Inc), Partnership Interest Pledge Agreement (Orion Power Holdings Inc)

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Notice of Adverse Claim. Except for the claims and interest of the Secured Party and of the Debtor in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any "financial asset" (as defined in Section ss. 8-102(a) of the UCC) credited thereto. If any person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and Debtor thereof.

Appears in 1 contract

Samples: Credit Agreement (Orion Power Holdings Inc)

Notice of Adverse Claim. Except for the claims and interest of the Senior Secured Party, the Junior Secured Party and of the Debtor in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any "financial asset" (as defined in Section ss. 8-102(a102(a)(9) of the UCC) credited thereto. If any person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Senior Secured Party, the Junior Secured Party and the Debtor thereof.

Appears in 1 contract

Samples: Credit Agreement (Orion Power Holdings Inc)

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Notice of Adverse Claim. Except for the claims and interest of the Senior Secured Party, the Junior Secured Party and of the Debtor in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any "financial asset" (as defined in Section 8-102(a102(a)(9) of the UCC) credited thereto. If any person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Senior Secured Party, the Junior Secured Party and the Debtor thereof.

Appears in 1 contract

Samples: Credit Agreement (Orion Power Holdings Inc)

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