Common use of Holding Collateral Clause in Contracts

Holding Collateral. Notwithstanding the Secured Party’s right to use Posted Collateral pursuant to Paragraphs 6(c) and to exercise its rights and remedies as a secured party pursuant to Paragraph 8(a), the Secured Party and its Custodian shall use appropriate accounting and recordkeeping procedures to segregate on their books and records all Posted Collateral from their respective proprietary assets.

Appears in 2 contracts

Sources: Credit Support Document (Green Equity Investors V, L.P.), Credit Support Document (Green Equity Investors V, L.P.)