Common use of Registration of Securities, Etc Clause in Contracts

Registration of Securities, Etc. All securities and other financial assets credited to the Collateral Accounts that are in registered form or that are payable to or to order shall be (i) registered in the name of, or payable to or to the order of, Securities Intermediary, (ii) indorsed to or to the order of Securities Intermediary or in blank or (iii) credited to another securities account maintained in the name of Securities Intermediary; and in no case will any financial asset credited to the Collateral Accounts be registered in the name of, or payable to or to the order of, Borrower or indorsed to or to the order of Borrower, except to the extent the foregoing have been specially indorsed to or to the order of Securities Intermediary or in blank.