Common use of Security Entitlements Clause in Contracts

Security Entitlements. (i) All Security Entitlements owned by each Lien Grantor shall be held, upon or promptly after receipt thereof, in one or more Controlled Securities Accounts; provided, that this Section 11(c)(i) shall not apply to any Security Entitlements maintained in (x) any Securities Account to the extent that the aggregate value of the Security Entitlements held in such Securities Account does not exceed $5,000,000; and provided further that the aggregate value of all Securities Entitlements owned by all Lien Grantors and held in all Securities Accounts (other than Securities Accounts described in clause (y) or (z) below) that are not Controlled Securities Accounts shall not at any time be in excess of $10,000,000, (y) any Securities Account that satisfies the applicable conditions set forth in clauses (E), (F) and (G) of the proviso at the end of Section 3(a) or (z) any Securities Account consisting solely of Security Entitlements collected and held by such Lien Grantor on behalf and for the benefit of Insurance Subsidiaries. The provisions of this subsection are subject to Section 14(c).

Security Entitlements. (i) All Security Entitlements owned by each Lien Grantor shall be held, upon or promptly after receipt thereof, in one or of more Controlled Securities Accounts; provided, that this Section 11(c)(i) shall not apply to any Security Entitlements maintained in (x) any Securities Account to the extent that the aggregate value of the Security Entitlements held in such Securities Account does not exceed $5,000,000; and provided further that the aggregate value of all Securities Entitlements owned by all Lien Grantors and held in all Securities Accounts (other than Securities Accounts described in clause (y) or (z) below) that are not Controlled Securities Accounts shall not at any time be in excess of $10,000,000, (y) any Securities Account that satisfies satisfy the applicable conditions set forth in clauses (E), (F) and (G) of the proviso at the end of Section 3(a)) or that are not Controlled Securities Accounts shall not at any time be in excess of $10,000,000 and (zy) any Securities Account consisting solely Accounts that satisfy the applicable conditions set forth in clauses (E), (F) and (G) of Security Entitlements collected and held by such Lien Grantor on behalf and for the benefit proviso at the end of Insurance SubsidiariesSection 3(a). The provisions of this subsection are subject to Section 14(c).”

Security Entitlements. (i) All Security Entitlements owned by each Lien Grantor the Company shall be held, upon or promptly after receipt thereof, in one or more Controlled Securities Accounts; provided, that this Section 11(c)(i) shall not apply to any Security Entitlements maintained in (xi) any Securities Account to the extent that the aggregate value of the Security Entitlements held in such Securities Account does not exceed $5,000,000; and provided further that the aggregate value of all Securities Entitlements owned by all Lien Grantors the Company and held in all its Securities Accounts (other than Securities Accounts described in clause (y) or (z) below) that are not Controlled Securities Accounts shall not at any time be in excess of $10,000,000, (y) any Securities Account that satisfies satisfy the applicable conditions set forth in clauses (E), (F) and (G) of the proviso at the end of Section 3(a)) or that are not Controlled Securities Accounts shall not at any time be in excess of $10,000,000 and (zii) any Securities Account consisting solely Accounts that satisfy the applicable conditions set forth in clauses (E), (F) and (G) of Security Entitlements collected and held by such Lien Grantor on behalf and for the benefit proviso at the end of Insurance SubsidiariesSection 3(a). The provisions of this subsection are subject to Section 14(c).