SECURITIES ACCOUNT NOTICES Sample Clauses

SECURITIES ACCOUNT NOTICES. (a) The Collateral Agent shall deliver a Notice of Sole Control promptly after receiving written instructions from the Majority Holders to deliver such Notice of Sole Control. The Collateral Agent shall not deliver a Notice of Sole Control absent delivery by the Majority Holders of such written instructions. (b) The Collateral Agent shall deliver a Notice of End of Sole Control promptly after receiving the written instructions of the Majority Holders to deliver such Notice of End of Sole Control. The Collateral Agent shall not deliver a Notice of End of Sole Control absent delivery by the Majority Holders of such written instructions. (c) During the continuance of an Account Notice Event, the Majority Holders shall provide the Collateral Agent with written instructions as to Permitted Securities in which the balance of the funds on deposit in the Securities Account shall be invested. (d) During the continuance of an Account Notice Event, if the Majority Holders deliver written instructions to the Collateral Agent for the Collateral Agent to withdraw a specified amount of funds from the Securities Account and deliver such funds to the Company in exchange for an Officer's Certificate containing information to be specified by the Majority Holders, the Collateral Agent shall withdraw such specified amount of funds from the Securities Account and deliver such specified amount of funds to the Company in exchange for an Officer's Certificate containing the specified information.
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Related to SECURITIES ACCOUNT NOTICES

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed)

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

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