Common use of Notice of Adverse Claims Clause in Contracts

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried therein, Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor as promptly as practical under the circumstances.

Appears in 3 contracts

Samples: Derivative Agreement, Isda Master Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Isda Master Agreement (Equinox Trust)

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Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Account Collateral carried therein, the Securities Intermediary shall use reasonable efforts to notify the Secured Party, the Pledgor and any Additional Secured Party and Obligor as promptly as practical practicable under the circumstances.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc)

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried thereintherein by an entity not party to this Agreement, Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical practicable under the circumstances.

Appears in 3 contracts

Samples: Derivative Agreement, Isda Master Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Isda Master Agreement (Equinox Trust)

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried therein, Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical practicable under the circumstances.

Appears in 3 contracts

Samples: Master Transaction Agreement (Radian Group Inc), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Credit Agreement (Mercury General Corp)

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried thereintherein (other than any lien, encumbrance or claim identified herein), Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical reasonably practicable under the then current circumstances.

Appears in 1 contract

Samples: Collateral Account Control Agreement (America First Multifamily Investors, L.P.)

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Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral any Account or any portion of the Collateral carried thereinheld therein by an entity not party to this Agreement, Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical practicable under the circumstances.

Appears in 1 contract

Samples: Collateral Account Control Agreement (Advent Claymore Convertible Securities & Income Fund)

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried thereinheld therein by an entity not party to this Agreement, Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical practicable under the circumstances.

Appears in 1 contract

Samples: Collateral Account Control Agreement (Guggenheim Taxable Municipal Managed Duration Trust)

Notice of Adverse Claims. Upon receipt by an officer of Securities Intermediary administering this Agreement of written notice of any lien, encumbrance or adverse claim against the Collateral Account or any portion of the Collateral carried thereintherein (other than any lien, encumbrance or claim of Secured Party), Securities Intermediary shall use reasonable efforts to notify Secured Party and Obligor Pledgor as promptly as practical practicable under the circumstances.

Appears in 1 contract

Samples: Collateral Account Control Agreement

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