Common use of Maintenance of Account Clause in Contracts

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank to hold securities of depository bank, including securities designated from time to time by depository bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank to PMIB. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB and depository bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIB's status as a pledgee, and (ii) mark its books and records to reflect that PMIB is a lienholder. For purposes of this Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian subject to the terms of this Agreement, and depository bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB and that custodian may deal with PMIB as a "secured party" under the Kansas Uniform Commercial Code.

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank Depository Bank to hold securities of depository bankDepository Bank, including securities designated from time to time by depository bank Depository Bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank Depository Bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank Depository Bank to PMIB. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB and depository bank Depository Bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIB's status as a pledgee, and (ii) mark its books and records to reflect that PMIB is a lienholder. For purposes of this Custodial Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian Custodian subject to the terms of this Custodial Agreement, and depository bank Depository Bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB and that custodian Custodian may deal with PMIB as a "secured party" under the Kansas Uniform Commercial Code.

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank to hold securities of depository bank, including securities designated from time to time by depository bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB State Agency and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank to PMIBState Agency. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB State Agency and depository bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIBState Agency's status as a pledgee, and (ii) mark xxxx its books and records to reflect that PMIB State Agency is a lienholder. For purposes of this Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian subject to the terms of this Agreement, and depository bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB State Agency and that custodian may deal with PMIB State Agency as a "secured party" under the Kansas Uniform Commercial Code.

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank Depository Bank to hold securities of depository bankDepository Bank, including securities designated from time to time by depository bank Depository Bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank Depository Bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank Depository Bank to PMIB. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB and depository bank Depository Bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIB's status as a pledgee, and (ii) mark xxxx its books and records to reflect that PMIB is a lienholder. For purposes of this Custodial Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian Custodian subject to the terms of this Custodial Agreement, and depository bank Depository Bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB and that custodian Custodian may deal with PMIB as a "secured party" under the Kansas Uniform Commercial Code.

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank to hold securities of depository bank, including securities designated from time to time by depository bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank to PMIB. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB and depository bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIB's status as a pledgee, and (ii) mark xxxx its books and records to reflect that PMIB is a lienholder. For purposes of this Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian subject to the terms of this Agreement, and depository bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB and that custodian may deal with PMIB as a "secured party" under the Kansas Uniform Commercial Code.

Maintenance of Account. Custodian will maintain a securities custody account (Account) in the name of depository bank to hold securities of depository bank, including securities designated from time to time by depository bank pursuant to the procedures provided for herein as being subject to a lien in favor of PMIB State Agency and from time to time deposited with or collected by custodian. From time to time hereafter, depository bank will send a written, facsimile, telephone or other communication (in form satisfactory to custodian) to custodian designating and identifying one or more securities then held by custodian in the Account, as being subject to a pledge and lien granted by depository bank to PMIBState Agency. Upon receipt of such communication and the securities described therein, custodian will (i) issue and deliver to each of PMIB State Agency and depository bank an identical joint safekeeping/custody receipt (JCR) identifying the securities and reflecting PMIBState Agency's status as a pledgee, and (ii) mark its books and records to reflect that PMIB State Agency is a lienholder. For purposes of this Agreement, the securities listed on all such JCR's are referred to herein as the "Pledged Securities." All Pledged Securities shall be held by custodian subject to the terms of this Agreement, and depository bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of PMIB State Agency and that custodian may deal with PMIB State Agency as a "secured party" under the Kansas Uniform Commercial Code.