U“Financial Assets” ElectionU. The Securities Intermediary hereby agrees that each item of property (whether investment property, financial asset, security, instrument or cash) credited to each Securities Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.
Appears in 6 contracts
Samples: Control Agreement (American Honda Receivables LLC), Control Agreement (Honda Auto Receivables 2011-3 Owner Trust), Control Agreement (Honda Auto Receivables 2011-2 Owner Trust)
