Common use of Undertakings of the Securities Intermediary Clause in Contracts

Undertakings of the Securities Intermediary. The Securities Intermediary hereby undertakes as follows: (a) to send copies of: (i) all monthly statements concerning the Account to each of Grantor and the Collateral Agent at their respective addresses set forth in the heading of this Agreement and (ii) any other information concerning the Account or Collateral reasonably requested by the Collateral Agent to the Collateral Agent at the address set forth in the heading of this Agreement; (b) to provide to the Collateral Agent with online access to the Account upon execution of such documentation as the Securities Intermediary shall reasonably request; and (c) upon receipt of written notice of any lien, encumbrance or adverse claim against the Account or in any financial asset carried therein, to make reasonable efforts to notify the Collateral Agent and the Grantor thereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Farmland Partners Inc.), Pledge and Security Agreement (GLADSTONE LAND Corp), Pledge and Security Agreement (Farmland Partners Inc.)

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Undertakings of the Securities Intermediary. The Securities Intermediary hereby undertakes as follows: : (a) to send copies of: (i) all monthly statements concerning the Account to each of Grantor and the Collateral Agent at their respective addresses set forth in the heading of this Agreement and (ii) any other information concerning the Account or Collateral reasonably requested by the Collateral Agent to the Collateral Agent at the address set forth in the heading of this Agreement; ; (b) to provide to the Collateral Agent with online access to the Account upon execution of such documentation as the Securities Intermediary shall reasonably request; and and (c) upon receipt of written notice of any lien, encumbrance or adverse claim against the Account or in any financial asset carried therein, to make reasonable efforts to notify the Collateral Agent and the Grantor thereof.. ARTICLE 5

Appears in 1 contract

Samples: Pledge and Security Agreement (GLADSTONE LAND Corp)

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