Common use of Xxxxx of Security Interests in the Collateral Clause in Contracts

Xxxxx of Security Interests in the Collateral. In order to secure the full and punctual observance and performance of the covenants and agreements contained in this Confirmation and in the Agreement, Party B hereby assigns and pledges to the Collateral Agent, as agent for and for the benefit of Party A, and grants to the Collateral Agent, as agent for and for the benefit of Party A, as secured party, security interests in and to, and a lien upon and right of set-off against, and transfers to the Collateral Agent, as agent for and for the benefit of Party A, as and by way of a security interest having priority over all other security interests, with power of sale, all of Party B’s right, title and interest in and to (i) the Initial Pledged Items; (ii) all additions to and substitutions for the Initial Pledged Items (including, without limitation, any securities, instruments or other property delivered or pledged hereunder) (such additions and substitutions, the “Additions and Substitutions”); (iii) the Collateral Account of Party A maintained by the Collateral Agent and all securities and other financial assets (each as defined in Section 8-102 of the UCC) and other funds, property or assets from time to time held therein or credited thereto; and (iv) all income, proceeds and collections received or to be received, or derived or to be derived, at the time that the Initial Pledged Items were delivered to the Collateral Agent or any time thereafter (whether before or after the commencement of any proceeding under applicable bankruptcy, insolvency or similar law, by or against Party B, with respect to Party B) from or in connection with the Initial Pledged Items or the Additions and Substitutions (collectively, the “Collateral”). The parties hereto expressly agree that all rights, assets and property at any time held in or credited to the Collateral Account shall be treated as financial assets (as defined in Section 8-102 of the UCC).

Xxxxx of Security Interests in the Collateral. In order to secure the full and punctual observance and performance of the covenants and agreements contained in this Confirmation and in the Agreement, Party B Counterparty hereby assigns and pledges to the Collateral Agent, as agent for and for the benefit of Party ACSFB, and grants to the Collateral Agent, as agent for and for the benefit of Party ACSFB, as secured party, security interests in and to, and a lien upon and right of set-off against, and transfers to the Collateral Agent, as agent for and for the benefit of Party ACSFB, as and by way of a security interest having priority over all other security interests, with power of sale, all of Party BCounterparty’s right, title and interest in and to (i) the Initial Pledged Items; (ii) all additions to and substitutions for the Initial Pledged Items (including, without limitation, any securities, instruments or other property delivered or pledged hereunder) (such additions and substitutions, the “Additions and Substitutions”); (iii) the Collateral Account of Party A CSFB maintained by the Collateral Agent Custodian and all securities and other financial assets (each as defined in Section 8-102 of the UCC) and other funds, property or assets from time to time held therein or credited thereto; and (iv) all income, proceeds and collections received or to be received, or derived or to be derived, at the time that the Initial Pledged Items were delivered to the Collateral Agent Custodian or any time thereafter (whether before or after the commencement of any proceeding under applicable bankruptcy, insolvency or similar law, by or against Party BCounterparty, with respect to Party BCounterparty) from or in connection with the Initial Pledged Items or the Additions and Substitutions Substitutions, excluding any Excluded Proceeds (collectively, the “Collateral”). The parties hereto expressly agree that all rights, assets and property at any time held in or credited to the Collateral Account shall be treated as financial assets (as defined in Section 8-102 of the UCC).. “

Xxxxx of Security Interests in the Collateral. In order to secure the full and punctual observance and performance of the covenants and agreements contained in this Confirmation, the Supplemental Confirmation and in the Agreement, Party B Counterparty hereby assigns and pledges to the Collateral Agent, as agent for and for the benefit of Party ACSCL, and grants to the Collateral Agent, as agent for and for the benefit of Party ACSCL, as secured party, security interests in and to, and a lien upon and right of set-off against, and transfers to the Collateral Agent, as agent for and for the benefit of Party ACSCL, as and by way of a security interest having priority over all other security interests, with power of sale, all of Party BCounterparty’s right, title and interest in and to (i) the Initial Pledged Items; (ii) all additions to and substitutions for the Initial Pledged Items (including, without limitation, any securities, instruments or other property delivered or pledged hereunder) (such additions and substitutions, the “Additions and Substitutions”); (iii) the any Collateral Account of Party A CSCL maintained by the Collateral Agent Custodian and all securities and other financial assets (each as defined in Section 8-102 of the UCC) and other funds, property or assets from time to time held therein or credited thereto; and (iv) all income, proceeds and collections received or to be received, or derived or to be derived, at the time that the Initial Pledged Items were delivered to the Collateral Agent Custodian or any time thereafter (whether before or after the commencement of any proceeding under applicable bankruptcy, insolvency or similar law, by or against Party BCounterparty, with respect to Party BCounterparty) from or in connection with the Initial Pledged Items or the Additions and Substitutions Substitutions, excluding any Excluded Proceeds (collectively, the “Collateral”). The parties hereto expressly agree that all rights, assets and property at any time held in or credited to the Collateral Account shall be treated as financial assets (as defined in Section 8-102 of the UCC).. “

Xxxxx of Security Interests in the Collateral. In order to secure the full and punctual observance and performance of the covenants and agreements contained in this Confirmation, each Supplemental Confirmation and in the Agreement, Party B Counterparty hereby assigns and pledges to the Collateral Agent, as agent for and for the benefit of Party ACSCL, and grants to the Collateral Agent, as agent for and for the benefit of Party ACSCL, as secured party, security interests in and to, and a lien upon and right of set-off against, and transfers to the Collateral Agent, as agent for and for the benefit of Party ACSCL, as and by way of a security interest having priority over all other security interests, with power of sale, all of Party B’s Counterparty's right, title and interest in and to (i) the Initial Pledged Items; (ii) all additions to and substitutions for the Initial Pledged Items (including, without limitation, any securities, instruments or other property delivered or pledged hereunder) (such additions and substitutions, the “"Additions and Substitutions”"); (iii) the Collateral Account of Party A CSCL maintained by the Collateral Agent Custodian and all securities and other financial assets (each as defined in Section 8-102 of the UCC) and other funds, property or assets from time to time held therein or credited thereto; and (iv) all income, proceeds and collections received or to be received, or derived or to be derived, at the time that the Initial Pledged Items were delivered to the Collateral Agent Custodian or any time thereafter (whether before or after the commencement of any proceeding under applicable bankruptcy, insolvency or similar law, by or against Party BCounterparty, with respect to Party BCounterparty) from or in connection with the Initial Pledged Items or the Additions and Substitutions Substitutions, excluding any Excluded Proceeds (collectively, the “"Collateral”"). The parties hereto expressly agree that all rights, assets and property at any time held in or credited to the Collateral Account shall be treated as financial assets (as defined in Section 8-102 of the UCC).. "