Common use of Notice of Adverse Claims Clause in Contracts

Notice of Adverse Claims. Except for the claims and interests of the Issuer and the Secured Party in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any financial asset 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 an Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereof.

Notice of Adverse Claims. Except for the claims and interests interest of the Issuer and the Secured Party and the Borrower in the Accounts, the Securities Intermediary does not know have knowledge of any claim to, or interest in, either of the Accounts or in any financial asset Financial Asset credited thereto. If any Person person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an Account the Accounts or in any financial asset Financial Asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereofBorrower.