Securities Intermediary’s Jurisdiction. The Securities Intermediary agrees that, for the purposes of the UCC, (i) its “securities intermediary’s jurisdiction” (within the meaning of Section 8-110(e) of the UCC) shall be the State of New York and (ii) to the extent that any Account (into which cash is credited as set forth herein) is re-characterized as a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC), its “bank’s jurisdiction” (within the meaning of Section 9-304(b) of the UCC) shall be the State of New York.
Appears in 3 contracts
Samples: Account Control Agreement (AB Private Credit Investors Corp), Account Control Agreement (AB Private Credit Investors Corp), Account Control Agreement (AB Private Credit Investors Corp)
Securities Intermediary’s Jurisdiction. (i) The Securities Intermediary agrees that, for the purposes of the UCC, (i) its “securities intermediary’s jurisdiction” (within the meaning of Section 8-8 110(e) of the UCC) shall be the State of New York and (ii) to the extent that any Secured Account (into which cash is credited as set forth herein) is re-characterized as a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC), its “bank’s jurisdiction” (within the meaning of Section 9-304(b) of the UCC) shall be the State of New York.
Appears in 1 contract
Samples: AB Private Credit Investors Corp
