Common use of UCC Provisions Clause in Contracts

UCC Provisions. Each of the parties to this Pledge Agreement agrees that, for purposes of Article 8 and Article 9 of the UCC, (i) the Collateral Account is a “securities account” (as defined in Section 8.501 of the UCC); (ii) PlainsCapital Bank is a “securities intermediary” (as defined in Section 8.102 of the UCC) and PlainsCapital Bank’s “jurisdiction” (for purposes of Section 8.110 of the UCC) is the State of Texas; (iii) the Administrative Agent is the “entitlement holder” having the “security entitlements” (as such terms are defined in Section 8.102 of the UCC) with respect to all financial assets credited to the Collateral Account; and (iv) all investments and instruments for the credit of the Collateral Account are to be treated as “financial assets” under Section 8.102 of the UCC. Each of the parties hereto further agrees that, for purposes of the UCC, Valhi Holding has granted, and hereby confirms that it has granted, to the Administrative Agent a security interest in the Collateral Account and in all interests or security entitlements of Valhi Holding relating to the Collateral Account.

UCC Provisions. Each of the parties to this Pledge Agreement hereto agrees that, for purposes of Article 8 and Article 9 of the UCC, (i) the Collateral Account is a “"securities account” " (as defined in Section 8.501 of the UCC); (ii) PlainsCapital Bank Societe Generale, New York Branch is a “"securities intermediary” " (as defined in Section 8.102 of the UCC) and PlainsCapital Bank’s “the Societe Generale, New York Branch's "jurisdiction” " (for purposes of Section 8.110 of the UCC) is the State of TexasNew York; (iii) the Administrative Agent is the “"entitlement holder” " having the “"security entitlements” " (as such terms are defined in Section 8.102 of the UCC) with respect to all financial assets credited to the Collateral AccountAccount (and the Agent will cause Societe Generale, New York Branch to identify the Agent as such in its records); and (iv) all investments and instruments for the credit of the Collateral Account are to be treated as “"financial assets” " under Section 8.102 of the UCC. Each of the parties hereto further agrees that, for purposes of the UCC, Valhi Holding the Borrower has granted, and hereby confirms that it has granted, to the Administrative Agent a security interest in the Collateral Account and in all interests or security entitlements of Valhi Holding the Borrower relating to the Collateral Account.

UCC Provisions. Each of the parties to this Pledge Agreement hereto agrees that, for purposes of Article 8 and Article 9 of the UCC, (i) the Collateral Account is a “"securities account” " (as defined in Section 8.501 of the UCC); (ii) PlainsCapital Bank Societe Generale, New York Branch is a “"securities intermediary” " (as defined in Section 8.102 of the UCC) and PlainsCapital Bank’s “the Societe Generale, New York Branch's "jurisdiction” " (for purposes of Section 8.110 of the UCC) is the State of TexasNew York; (iii) the Administrative Agent Bank is the “"entitlement holder” " having the “"security entitlements” " (as such terms are defined in Section 8.102 of the UCC) with respect to all financial assets credited to the Collateral AccountAccount (and Societe Generale, New York Branch will identify the Bank as such in its records); and (iv) all investments and instruments for the credit of the Collateral Account are to be treated as “"financial assets” " under Section 8.102 of the UCC. Each of the parties hereto further agrees that, for purposes of the UCC, Valhi Holding the Borrower has granted, and hereby confirms that it has granted, to the Administrative Agent Bank a security interest in the Collateral Account and in all interests or security entitlements of Valhi Holding the Borrower relating to the Collateral Account.

UCC Provisions. Each of the parties to this Pledge Agreement hereto agrees that, for purposes of Article 8 and Article 9 of the UCC, (i) the Collateral Account is a “"securities account” " (as defined in Section 8.501 8-501 of the UCC); (ii) PlainsCapital U.S. Bank National Association is a “"securities intermediary” " (as defined in Section 8.102 8-102(a)(14) of the UCC) and PlainsCapital Bank’s “U.S. Bank National Association's "jurisdiction” " (for purposes of Section 8.110 8-110 of the UCC) is the State of TexasNew York; (iii) the Administrative Agent is the “"entitlement holder” " having the “"security entitlements” " (as such terms are defined in Section 8.102 8-102 of the UCC) with respect to all financial assets credited to the Collateral AccountAccount (and the Agent will cause U.S. Bank National Association to identify the Agent as such in its records); and (iv) all investments and instruments for the credit of the Collateral Account are to be treated as “"financial assets” " under Section 8.102 8-102 of the UCC. Each of the parties hereto further agrees that, for purposes of the UCC, Valhi Holding the Borrower has granted, and hereby confirms that it has granted, to the Administrative Agent a security interest in the Collateral Account and in all interests or security entitlements of Valhi Holding the Borrower relating to the Collateral Account.