Common use of Powers Coupled with an Interest Clause in Contracts

Powers Coupled with an Interest. The rights and powers granted in this Article III to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee or the Issuer Trust nor by the lapse of time. The obligations of the Securities Intermediary under this Article III shall continue in effect until the termination of the Pledge with respect to any and all Collateral.

Appears in 8 contracts

Samples: Collateral Agreement (Wells Fargo & Co/Mn), Collateral Agreement (Goldman Sachs Capital Iii), Collateral Agreement (Suntrust Banks Inc)

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Powers Coupled with an Interest. The rights and powers granted in this Article III to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee or the Issuer Trust nor by the lapse of time. The obligations of the Securities Intermediary under this Article III shall continue in effect until the termination of the Pledge with respect to any and all Collateral.

Appears in 6 contracts

Samples: Collateral Agreement (Wachovia Corp New), Collateral Agreement (Bank of America Corp /De/), Collateral Agreement (Us Bancorp \De\)

Powers Coupled with an Interest. The rights and powers granted in this Article III IV to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee Purchase Contract Agent or the Issuer Trust any Holder nor by the lapse of time. The obligations of the Securities Intermediary under this Article III IV shall continue in effect until the termination of the Pledge with respect to any and all CollateralPledge.

Appears in 3 contracts

Samples: Pledge Agreement (Dominion Resources Inc /Va/), Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc)

Powers Coupled with an Interest. The rights and powers granted in this Article III IV to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee Stock Purchase Contract Agent or the Issuer Trust any Holder nor by the lapse of time. The obligations of the Securities Intermediary under this Article III IV shall continue in effect until the termination of the Pledge with respect to any and all Collateral.

Appears in 3 contracts

Samples: Collateral Agreement (Lehman Brothers Holdings Inc), Pledge Agreement (Marshall & Ilsley Corp/Wi/), Collateral Agreement (Lehman Brothers Holdings Inc)

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Powers Coupled with an Interest. The rights and powers granted in this Article III IV to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee Purchase Contract Agent or the Issuer Trust any Holder nor by the lapse of time. The obligations of the Securities Intermediary under this Article III IV shall continue in effect until the termination of the Pledge with respect to any and all Collateral.

Appears in 1 contract

Samples: Pledge Agreement (American International Group Inc)

Powers Coupled with an Interest. The rights and powers granted in this Article III to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee or the Issuer Trust nor by the lapse of time. The obligations of the Securities Intermediary under this Article III shall continue in effect until the termination of the Pledge with respect to any and all Collateral.. Collateral Agreement

Appears in 1 contract

Samples: Collateral Agreement (National City Corp)

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