Common use of Notice of Adverse Claims Clause in Contracts

Notice of Adverse Claims. Except for the claims and interests of the Secured Party and the Lien Grantor, and security interests in favor of the Securities Intermediary, the Securities Intermediary does not know of any claim to, or interest in, the Account, any financial asset credited thereto or any security entitlement in respect thereof. If any person other than the Lien Grantor, the Secured Party or the Securities Intermediary asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, attachment, execution or similar process) against the Account, any financial asset credited thereto or any security entitlement in respect thereof, the Securities Intermediary will promptly notify the Secured Party and the Lien Grantor thereof.