Common use of “Financial Assets” Election Clause in Contracts

“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property credited to the Certificate Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Regulation Ab Letter Agreement (Structured Products Corp), Structured Products Corp

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“Financial Assets” Election. The Securities Intermediary hereby -------------------------- agrees that the Underlying Securities and any other each item of property credited to the Certificate Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Senior Discount Notes Deposit Agreement (FLN Finance Inc), Senior Notes Deposit Agreement (FLN Finance Inc)

“Financial Assets” Election. The Securities Intermediary --------------------------- hereby agrees that the Underlying Securities and any other each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Certificate Securities Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Custody and Security Agreement (Superior Financial Corp /Ar/), Securities Account Control Agreement (Superior Financial Corp /Ar/)

“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property credited to the Certificate Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 2 contracts

Samples: Structured Products Corp. CorTS Trust VI for IBM Debentures, Structured Products Corp CorTS Trust v for IBM Debentures

“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property each item of Investment Property credited to the Certificate Designated Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 1 contract

Samples: Escrow Agreement (Superior Essex Inc)

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“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property Term Assets credited to the Certificate Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 1 contract

Samples: Structured Products Corp Corts Trust Ii Goldman Sachs Cap I

“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property credited to the Certificate Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 1 contract

Samples: Trust Agreement (Fixed Income Client Solutions LLC)

“Financial Assets” Election. The Securities Intermediary hereby agrees that the Underlying Securities and any other property each item of Collateral credited to the Certificate Designated Account shall be treated as a "financial asset" within the meaning of Section 8-102(a)(9) of the UCC.

Appears in 1 contract

Samples: Assumption Agreement (Crum & Forster Holdings Corp)

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