Common use of The Account Clause in Contracts

The Account. The Securities Intermediary represents and warrants to, and agrees with, the Secured Party that: (a) The Securities Intermediary maintains the Account for the Grantor, and all property held by the Securities Intermediary for the account of the Grantor is, and shall continue to be, credited to the Account. (b) The Account is a securities account. The Securities Intermediary is the securities intermediary with respect to the property credited from time to time to the Account. The Grantor is the entitlement holder with respect to the property credited from time to time to the Account. (c) The Securities Intermediary’s jurisdiction with respect to the Account is, and shall continue to be for so long as the Security Interests shall be in effect, the State of New York. (d) Exhibit A attached hereto is a statement of the property credited to the Account on the date hereof. (e) The Securities Intermediary does not know of any claim to or interest in the Account or any property credited to the Account, except for claims and interests of the parties referred to in this Agreement.

Appears in 3 contracts

Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)

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The Account. The Securities Intermediary represents and warrants to, and agrees with, the Secured Party that: (a) The Securities Intermediary maintains the Account for the Grantor, and all property held by the Securities Intermediary for the account of the Grantor is, and shall will continue to be, credited to the Account. (b) The Account is a securities account. The Securities Intermediary is the securities intermediary with respect to the property credited from time to time to the Account. The Grantor is the entitlement holder with respect to the property credited from time to time to the Account. (c) The Securities Intermediary’s securities intermediary's jurisdiction with respect to the Account is, and shall will continue to be for so long as the Security Interests Interest shall be in effect, the State of New York. (d) Exhibit A attached hereto is a statement of the property credited to the Account on the date hereof. (e) The Securities Intermediary does not know of any claim to or interest in the Account or any property credited to the Account, except for claims and interests of the parties referred to in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Med E America Corp), Security Agreement (Phonetel Technologies Inc), Guaranty and Security Agreement (WHX Corp)

The Account. The Securities Intermediary represents and warrants to, and agrees with, the ___________ Secured Party that: (a) The Securities Intermediary maintains the Account for the Grantor, and all property held by the Securities Intermediary for the account of the Grantor is, and shall will continue to be, credited to the Account. (b) The Account is a securities account. The Securities Intermediary is the securities intermediary with respect to the property credited from time to time to the Account. The Grantor is the entitlement holder with respect to the property credited from time to time to the Account. (c) The Securities Intermediary’s securities intermediary's jurisdiction with respect to the Account is, and shall will continue to be for so long as the Security Interests Interest shall be in effect, the State of [New York]. (d) Exhibit A Schedule I attached hereto is a statement of the property credited to the Account on the date hereof. (e) The Securities Intermediary does not know of any claim to or interest in the Account or any property credited to the Account, except for claims and interests of the parties referred to in this Agreement.

Appears in 1 contract

Samples: Security Agreement (Accuride Corp)

The Account. The Securities Intermediary represents and warrants to, and agrees with, the Secured Party that: (a) The Securities Intermediary maintains the Account for the Grantor, and all property held by the Securities Intermediary for the account of the Grantor is, and shall will continue to be, credited to the Account. (b) The Account is a securities account. The Securities Intermediary is the securities intermediary with respect to the property credited from time to time to the Account. The Grantor is the entitlement holder with respect to the property credited from time to time to the Account. (c) The Securities Intermediary’s securities intermediary's jurisdiction with respect to the Account is, and shall will continue to be for so long as the Security Interests Interest shall be in effect, the State of [New York]. (d) Exhibit A Schedule I attached hereto is a statement of the property credited to the Account on the date hereof. (e) The Securities Intermediary does not know of any claim to or interest in the Account or any property credited to the Account, except for claims and interests of the parties referred to in this Agreement.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Accuride Corp)

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The Account. The Securities Intermediary represents and warrants to, and agrees with, the Secured Party that: (a) The Securities Intermediary maintains the Account for the Grantor, and all property held by the Securities Intermediary for the account of the Grantor is, and shall will continue to be, credited to the Account. (b) The Account is a securities account. The Securities Intermediary is the securities intermediary with respect to the property credited from time to time to the Account. The Grantor is the entitlement holder with respect to the property credited from time to time to the Account. (c) The Securities Intermediary’s 's jurisdiction with respect to the Account is, and shall will continue to be for so long as the Security Interests Interest shall be in effect, the State of New York. (d) Exhibit A attached hereto is a statement of the property credited to the Account on the date hereof. (e) The Securities Intermediary does not know of any claim to or interest in the Account or any property credited to the Account, except for claims and interests of the parties referred to in this Agreement.

Appears in 1 contract

Samples: Security Agreement (Itc Deltacom Inc)

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