Priority of Secured Party’s Security Interest. (a) The Securities Intermediary subordinates in favor of the Secured Party any security interest, lien, or right of setoff it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will retain its prior lien on property in the Account to secure payment for property purchased for the Account and normal commissions and fees for the Account.
Appears in 22 contracts
Samples: Dynegy Security Agreement, Guarantee and Collateral Agreement (Accuride Corp), Security Agreement (Del Monte Foods Co)
Priority of Secured Party’s Security Interest. (a) The Securities Commodity Intermediary subordinates in favor of the Secured Party any security interest, lien, or right of setoff it may have, now or in the future, against the Account or property commodity contracts carried in the Account, except that the Securities Commodity Intermediary will retain its prior lien on property commodity contracts in the Account to secure payment for property commodity contracts purchased for the Account and normal commissions and fees for the Account.
Appears in 8 contracts
Samples: Dynegy Security Agreement, Security Agreement (Consol Energy Inc), Security Agreement (Dynegy Inc /Il/)
Priority of Secured Party’s Security Interest. (a) The Securities Intermediary Bank subordinates in favor of the Secured Party any security interest, lien, interest lien or right of setoff it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will retain its prior lien on property financial assets in the Account (except that Bank may set off all amounts due to secure payment for property purchased it in respect of customary fees and expenses for the Account routine maintenance and normal commissions and fees for operation of the Account).
Appears in 4 contracts
Samples: Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.)
Priority of Secured Party’s Security Interest. (a) The Securities Intermediary subordinates in favor of the Secured Party Agents any security interest, lien, or right of setoff set-off it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will shall retain its prior lien on property in the Account to secure payment for property purchased for the Account and normal commissions and fees for the Account.
Appears in 3 contracts
Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)
Priority of Secured Party’s Security Interest. (a) The Securities Intermediary subordinates in favor of the Secured Party any security interest, lien, or right of setoff or other claim it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will retain its prior lien on property in the Account to secure payment for property purchased for the Account and normal commissions and fees for the Account.
Appears in 2 contracts
Samples: Control Agreement (USA Synthetic Fuel Corp), Security Agreement (USA Synthetic Fuel Corp)
Priority of Secured Party’s Security Interest. (a) The Securities Commodity Intermediary subordinates in favor of the Secured Party any security interest, lien, or right of setoff or other claim it may have, now or in the future, against the Account or property commodity contracts carried in the Account, except that the Securities Commodity Intermediary will retain its prior lien on property commodity contracts in the Account to secure payment for property purchased for the Account and normal commissions and fees for the Account.
Appears in 2 contracts
Samples: Control Agreement (USA Synthetic Fuel Corp), Security Agreement (USA Synthetic Fuel Corp)
Priority of Secured Party’s Security Interest. (a) The Securities Intermediary Issuer subordinates in favor of the Secured Party any security interest, lien, or right of setoff it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will retain its prior lien on property in the Account to secure payment for property purchased for the Account and normal commissions and fees for the AccountPledged Shares.
Appears in 2 contracts
Samples: Uncertificated Securities Control Agreement (DryShips Inc.), Uncertificated Securities Control Agreement (DryShips Inc.)
Priority of Secured Party’s Security Interest. (a) The Securities Intermediary subordinates in favor of the Secured Party any security interest, lien, or right of setoff set-off it may have, now or in the future, against the Account or property in the Account, except that the Securities Intermediary will retain its prior lien on property in the Account to secure payment for property purchased for the Account and normal commissions and fees for the Account.
Appears in 1 contract
