Securities Contracts Sample Clauses
The Securities Contracts clause defines the terms and conditions under which parties may enter into agreements involving the purchase, sale, or transfer of securities such as stocks, bonds, or other financial instruments. It typically outlines the procedures for executing trades, the obligations of each party, and any restrictions or compliance requirements related to securities laws. By clearly establishing the rules for securities transactions, this clause helps ensure legal compliance and reduces the risk of disputes or regulatory violations.
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Securities Contracts. Each party hereto agrees that this Agreement and the Loans made hereunder shall be "securities contracts" for purposes of the Bankruptcy Code and any bankruptcy proceeding thereunder.
Securities Contracts. Each party hereto agrees that this Agreement and the Loans made hereunder shall be a "qualified financial contracts" for purposes of Section 11 (e)(8) of the Federal Deposit Insurance Act, as amended, and any receivership or conservationship proceeding thereunder.
Securities Contracts. The Parties acknowledge and agree that (1) this Agreement and the Securities Loans and the Cash Loans made hereunder are “securities contracts” as that term is defined in Section 741 of Title 11 of the United States Code, as amended, and (2) each Party’s rights under this Agreement, including its rights to termination, are not subject to the automatic stay under Title 11 of the United States Code, as amended, for purposes of the Bankruptcy Code and any bankruptcy proceeding thereunder.