Common use of Control for Purposes of UCC Clause in Contracts

Control for Purposes of UCC. If the Financial Institution receives any order from the Secured Party or its authorized agent (a) directing disposition of funds in any Collateral Account or (b) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor or any other person.

Appears in 86 contracts

Samples: Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B)

AutoNDA by SimpleDocs

Control for Purposes of UCC. If the Financial Institution receives any order from the Secured Party or its authorized agent (a) directing disposition of funds in any Collateral Account or (b) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor Grantors or any other person.

Appears in 19 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-A)

Control for Purposes of UCC. If the Financial Institution receives any order from the Secured Party or its authorized agent (ai) directing disposition of funds in any Collateral Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a "Secured Party Order"), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor or any other person.

Appears in 14 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2009-A), Account Control Agreement (Ford Credit Auto Owner Trust 2010-B), Account Control Agreement (Ford Credit Auto Owner Trust 2010-A)

Control for Purposes of UCC. If the The Financial Institution receives any order from shall comply with written instructions or orders originated by the Secured Party or its authorized agent (ai) directing disposition of funds in any the Collateral Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”)Account, the Financial Institution will comply with the Secured Party Order without further consent by the Grantor or any other personPerson.

Appears in 3 contracts

Samples: Account Control Agreement (Theravance Biopharma, Inc.), Account Control Agreement (Theravance Biopharma, Inc.), Account Control Agreement (Theravance Inc)

Control for Purposes of UCC. If the Financial Institution receives any order from the Secured Party or its authorized agent (ai) directing disposition of funds in any Collateral Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor or any other person.

Appears in 3 contracts

Samples: Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Collateral Account Control Agreement (CAB West LLC)

Control for Purposes of UCC. If the The Financial Institution receives agrees that if at any time it shall receive any order or instruction from the Secured Party or its authorized agent (aA) directing disposition of funds in any the Collateral Account or (bB) directing transfer or redemption or investment of the financial assets relating asset credited to the Collateral Accounts Account (such order or instruction, a “Secured Party Order”), the Financial Institution will shall comply with the Secured Party Order such entitlement order or instruction without further consent by the Grantor Obligor or any other person.

Appears in 3 contracts

Samples: Control Agreement (Dynegy Inc.), Control Agreement (Dynegy Inc.), Control Agreement (Dynegy Inc.)

AutoNDA by SimpleDocs

Control for Purposes of UCC. If the Financial Institution receives any order from the Secured Party or its authorized agent (ai) directing disposition of funds in any Collateral Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor Grantors or any other person.

Appears in 3 contracts

Samples: Titling Company Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Titling Company Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-A), Titling Company Collateral Account Control Agreement (CAB West LLC)

Control for Purposes of UCC. If the The Financial Institution receives agrees that if at any time it shall receive any order from the Secured Party or its authorized agent (ai) directing disposition of funds in any the Collateral Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Accounts Account (a “such order, the "Secured Party Order"), the Financial Institution will shall comply with the Secured Party Order such entitlement order or instruction without further consent by the Grantor or any other person.; and

Appears in 2 contracts

Samples: Control Agreement (155 East Tropicana, LLC), Control Agreement (155 East Tropicana, LLC)

Control for Purposes of UCC. If the The Financial Institution receives agrees that if at any time it shall receive any order from the Secured Party or its authorized agent (ai) directing disposition of funds in any Collateral Pledged Account or (bii) directing transfer or redemption of the financial assets relating to the Collateral Pledged Accounts (a such order, the “Secured Party Order”), the Financial Institution will shall comply with the Secured Party Order such entitlement order or instruction without further consent by the Grantor or any other person.. Such order shall be in substantially the form set forth as Exhibit A to this Control Agreement; and

Appears in 2 contracts

Samples: Security Agreement (Oppenheimer Holdings Inc), License Agreement (Oppenheimer Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.