Common use of Securities Account Provisions Clause in Contracts

Securities Account Provisions. If and to the extent the Collateral Account is a securities account (within the meaning of Section 8-501 of the UCC): (i) all securities, financial assets or other property credited to the Collateral Account shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution. In no case will any financial asset credited to the Collateral Account be registered in the name of the Obligor, payable to the order of the Obligor or specially indorsed to the Obligor unless the foregoing have been specially indorsed to the Financial Institution or in blank; (ii) all financial assets delivered to the Financial Institution pursuant to the Collateral Agreement will be promptly credited to the Collateral Account (such assets may be hereinafter referred to as “Collateral”); and (iii) the Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Collateral Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

Securities Account Provisions. If and to the extent the Collateral Account is a securities account (within the meaning of Section 8-501 501(a) of the UCC): (i) all securities, financial assets or other property credited to the Collateral Account Account, other than cash, shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution. In no case will shall any financial asset credited to the Collateral Account be registered in the name of the ObligorGrantor, payable to the order of the Obligor Grantor or specially indorsed to the Obligor Grantor unless the foregoing have been specially indorsed to the Financial Institution or in blank; (ii) all financial assets delivered to the Financial Institution pursuant to the Collateral Agreement will Indenture shall be promptly credited to the Collateral Account (such assets may be hereinafter referred to as “Collateral”)Account; and (iii) the Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Collateral Account (to the extent that it constitutes a “securities account” (as defined in Section 8-501 of the UCC)) shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

Securities Account Provisions. If and to the extent the Collateral Account is a securities account (within the meaning of Section 8-501 of the UCC): (i) all securities, financial assets or other property credited to the Collateral Account shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution. In no case will any financial asset credited to the Collateral Account be registered in the name of the ObligorGrantor, payable to the order of the Obligor Grantor or specially indorsed to the Obligor Grantor unless the foregoing have been specially indorsed to the Financial Institution or in blank; (ii) all financial assets delivered to the Financial Institution pursuant to the Collateral Security Agreement will be promptly credited to the Collateral Account (such assets may be hereinafter referred to as “Collateral”)Account; and (iii) the Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Collateral Account shall be treated as a “"financial asset” " within the meaning of Section 8-102(a)(9) of the UCC.

Securities Account Provisions. If and to the extent the Collateral any Pledged Account is a securities account (within the meaning of Section 8-501 of the UCC): (i) all securities, financial assets or other property credited to the Collateral each Pledged Account shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution. In no case will any financial asset credited to the Collateral any Pledged Account be registered in the name of the ObligorGrantor, payable to the order of the Obligor Grantor or specially indorsed to the Obligor Grantor unless the foregoing have been specially indorsed to the Financial Institution or in blank; (ii) all financial assets delivered to the Financial Institution pursuant to the Collateral Security Agreement will be promptly credited to the Collateral Account (such assets may be hereinafter referred to as “Collateral”)appropriate Pledged Account; and (iii) the Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Collateral any Pledged Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.