Brokerage Account. If any of the Collateral is, or is maintained in, a Brokerage Account, such Brokerage Account is a valid and legally binding obligation of the Institution with which such Brokerage Account is maintained, the securities entitlements credited thereto are valid and genuine and are enforceable in accordance with their terms and Pledgor has provided the Bank with a complete and accurate statement of the financial assets and money credited to such Brokerage Account as of the date hereof.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Financial Institutions Inc), Term Loan Credit Agreement (Financial Institutions Inc), Laukien Frank H
