Examples of Sole control in a sentence
Before the Notice of Sole Control is received by the Securities Intermediary, if the Securities Intermediary shall receive any order from the Debtor directing substitution or redemption of any financial asset relating to the Securities Account, the Securities Intermediary shall comply with such entitlement order.
In addition, the "Sole Control As- surance Level 1" procedure under ETSI standard EN 419 241 shall be implemented.
The Custodian shall have no duty to investigate or make any determination as to whether a default exists under any agreement between the Secured Party and any Debtor or as to whether the Secured Party is authorized to give a Notice of Sole Control.
After the Notice of Sole Control (as defined in Section 8(a)) is received by the Securities Intermediary at any time following the occurrence of a Control Triggering Event, then if the Securities Intermediary shall receive any order from the Secured Party directing withdrawal, transfer or redemption of any financial asset relating to the Securities Account, the Securities Intermediary shall comply with such entitlement order without further consent by the Debtor or any other person.
After a Control Triggering Event and before the Notice of Sole Control is received by the Securities Intermediary, if a Withdrawal Notice from the Secured Party is received by Securities Intermediary, then the Securities Intermediary shall follow such orders to allow withdrawals by Debtor.
After a Control Triggering Event and before the Notice of Sole Control is received by the Securities Intermediary, if a withdrawal notice in the form of Exhibit C hereto from the Secured Party (the “Withdrawal Notice”) is received by the Securities Intermediary, then the Securities Intermediary shall follow such orders to allow withdrawals by the Debtor..
Until such time as the Securities Intermediary receives a Notice of Sole Control signed by the Secured Party, the Debtor shall direct the Securities Intermediary with respect to the selection of investments to be made for the Securities Account.
Until such time as the Securities Intermediary receives a Notice of Sole Control pursuant to subsection (a) of this Section 8, the Debtor shall direct the Securities Intermediary with respect to the voting of any financial assets credited to the Securities Account.
If at any time the Collateral Agent delivers to the Financial Institution a Notice of Sole Control in substantially the form set forth in Exhibit A hereto, the Financial Institution agrees that after receipt of such notice, it will take all instruction with respect to the Deposit Account solely from the Collateral Agent.
After the Secured Party receives a Subordination Termination Notice (a “Control Triggering Event”), then Secured Party hereunder shall be entitled to issue a Notice of Sole Control hereunder in substantially the form set forth in Exhibit A hereto.