Initial Secured Party definition

Initial Secured Party has the meaning set forth in the preamble.
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Initial Secured Party has the meaning set forth in the preamble to the Control Agreement.
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Examples of Initial Secured Party in a sentence

  • Notwithstanding anything to the contrary contained herein, if at any time the Securities Intermediary receives conflicting orders or instructions from the Assignee-Secured Party and the Initial Secured Party, the Securities Intermediary will follow the orders or instructions of the Assignee-Secured Party and not the Initial Secured Party.

  • The Financial Assets and other items deposited to any 2025-B Collateral Account will not be subject to deduction, set-off, banker’s lien or any other right in favor of any Person or entity other than the Assignee-Secured Party and, subject to the provisions hereof, the Initial Secured Party.

  • There are no other agreements entered into between the Securities Intermediary in such capacity and the Initial Secured Party with respect to any 2025-B Collateral Account.

  • If at any time the Securities Intermediary shall receive any Entitlement Order from the Assignee-Secured Party with respect to any 2025-B Collateral Account, the Securities Intermediary shall comply with such Entitlement Order without further consent by the Transferor, the Initial Secured Party or any other Person.

  • Except for the claims and interests of the Initial Secured Party and the Assignee-Secured Party in each 2025-B Collateral Account, the Securities Intermediary does not know of any claim to, or interest in, any 2025-B Collateral Account or in any Financial Asset credited to any 2025-B Collateral Account.

  • If at any time the Assignee-Secured Party notifies the Securities Intermediary in writing that the Lien of the Indenture has been released and all Issuer Obligations have been paid, the Securities Intermediary shall thereafter comply with Entitlement Orders with respect to each 2025-B Collateral Account from the Initial Secured Party without further consent by the Assignee-Secured Party or any other Person.

  • If any Person asserts any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any 2025-B Collateral Account or in any Financial Asset within any 2025-B Collateral Account, the Securities Intermediary will promptly notify the Assignee-Secured Party, the Initial Secured Party and the Transferor thereof.

  • All demands, notices and communications hereunder shall be in writing and shall be delivered, e-mailed or mailed, postage prepaid, hand delivery, prepaid courier service or by telecopier, and addressed in each case as follows, if to (i) the Initial Secured Party, c/o Wilmington Trust, National Association, ▇▇▇▇▇▇ Square North, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Corporate Trust Administration (e-mail: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇), (ii) the Assignee-Secured Party, ▇▇▇ ▇.

  • The Securities Intermediary shall not change the name or account number of any 2025-B Collateral Account without the prior written consent of the Assignee-Secured Party (or, after receipt of notice pursuant to Section 2.03 that the Lien of the Indenture has been released and all Issuer Obligations have been paid, the Initial Secured Party).

  • In the event that the Securities Intermediary has or subsequently obtains by agreement, operation of law or otherwise a security interest in any 2025-B Collateral Account or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Assignee-Secured Party and the Initial Secured Party.