Common use of Statements, Confirmations and Notices of Adverse Claims Clause in Contracts

Statements, Confirmations and Notices of Adverse Claims. (a) The Account Holder will send copies of all statements and confirmations for the Pledged Account simultaneously to the Pledgor and the Trustee. So long as the Trustee and the Account Holder are the same institution, the Account Holder is not required to send copies of statements and confirmations as provided in the preceding sentence. (b) When the Account Holder knows of any claim or interest in the Pledged Account or any property credited to the Pledged Account other than the claims and interests of the parties referred to in this Agreement, the Account Holder will promptly notify the Trustee and the Pledgor of such claim or interest.

Statements, Confirmations and Notices of Adverse Claims. (a) The Account Holder will send copies of all statements and confirmations for the Pledged Account simultaneously to the Pledgor and the Trustee. So long as the Trustee and the Account Holder are the same institution, the Account Holder is not required to send copies of statements and confirmations as provided in the preceding sentence. (ba) When the Account Holder knows of any claim or interest in the Pledged Account or any property credited to the Pledged Account other than the claims and interests of the parties referred to in this Agreement, the Account Holder will promptly notify the Trustee and the Pledgor of such claim or interest.