Post-Administration Client Money which is a Derived Asset Sample Clauses

Post-Administration Client Money which is a Derived Asset. The Agreement contains a provision pursuant to which each Signatory assigns to AssignCo its claim to, and its right in respect of, any Post-Administration Client Money received by or on behalf of the Company after the Time of Administration and which is a Derived Asset. The Company will, however, account in full for this Post-Administration Client Money to the Signatories as part of their claim to the Securities from which the Post- Administration Client Money was derived. This is a liability to be met by the Company in priority to the Company’s obligations to its general unsecured creditors because it will be treated by the Company as an expense of the Administration and will rank in priority to claims of unsecured creditors. If the Company receives any Derived Assets arising from a Corporate Action or a Corporate Event, such Derived Assets will be accounted for as part of the Trust Assets from which they are derived. The Company will identify Securities and/or their Derived Assets on a Stock Line-by-Stock Line basis into one of four kinds of Asset Pool. Any Derived Assets will be allocated into one of the four kinds of Asset Pool in accordance with the Securities from which such Derived Assets arise.