Common use of Rights to Accounts Clause in Contracts

Rights to Accounts. Until this Agreement is terminated pursuant to Article 5, the Company shall not have any rights or powers with respect to the remittance of amounts credited to, the disbursement of credited amounts out of, or the investment of credited amounts in, Accounts, except to have amounts credited thereto applied in accordance with this Agreement; provided, however, that the parties hereto acknowledge and agree that the foregoing provisions of this Section 4.2.1 shall not be deemed to divest the Company of its respective interest as an “entitlement holder” under the UCC, as provided in this Agreement.

Appears in 5 contracts

Samples: Depositary Agreement (Bloom Energy Corp), Depositary Agreement (Bloom Energy Corp), Depositary Agreement (Bloom Energy Corp)

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