Ownership of Security Assets. Disregarding any impact of the granting Transaction Security, the Borrower ceases to be the absolute legal and direct beneficial owner of the Collateral SDRs Account or the Cash Collateral Account or ceases to have good and marketable title (as absolute legal and direct beneficial owner) to any of the Security Assets or the Security Assets cease to be credited to the Collateral SDRs Account or the Cash Collateral Account, as applicable, other than in accordance with the terms of the Finance Documents.
Ownership of Security Assets. Each Original Chargor is the sole legal and beneficial owner of all of the Security Assets identified against its name in Schedule 2 (Details Of Security Assets).
Ownership of Security Assets. The Assignor agrees that at any time following the occurrence of an Event of Default which is continuing, the Security Agent may, at the option of the Security Agent by written notice and at the cost of the Assignor, instruct the Clearing System or the Custodian to transfer the Security Assets I into an account in the name of, or nominated by, the Security Agent, and the Assignor agrees that in such circumstances and at the request of the Security Agent it shall arrange for those Security Assets I to be credited to the Security Agent's or its nominee's securities account.
