Common use of Securities Account Clause in Contracts

Securities Account. If the Collateral includes securities or any other financial or other asset maintained in a securities account, then the Pledgor agrees to cause the securities intermediary on whose books and records the ownership interest of the Pledgor in the Collateral appears (the “Custodian”) to execute and deliver, contemporaneously herewith, a notification and control agreement or other agreement (the “Control Agreement”) satisfactory to the Secured Party in order to perfect and protect the Secured Party’s security interest in the Collateral.

Appears in 6 contracts

Samples: Pledge Agreement (Parkvale Financial Corp), Pledge Agreement (Erie Indemnity Co), Pledge Agreement (Consol Energy Inc)

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Securities Account. If the Collateral includes securities or any other financial or other asset certificate(s) of deposit maintained in a securities account, then the Pledgor agrees to cause the securities intermediary on whose books and records the ownership interest of the Pledgor in the Collateral appears (the “Custodian”"CUSTODIAN") to execute and deliver, contemporaneously herewith, a notification and control agreement or other agreement (the “Control Agreement”) satisfactory to the Secured Party (the "CONTROL AGREEMENT") in order to perfect and protect the Secured Party’s 's security interest in the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Careerbuilder Inc)

Securities Account. If the Collateral includes securities or any other financial or other asset certificate(s) of ------------------ deposit maintained in a securities account, then the Pledgor agrees to cause the securities intermediary on whose books and records the ownership interest of the Pledgor in the Collateral appears (the "Custodian") to execute and deliver, contemporaneously herewith, a notification and control agreement or other agreement satisfactory to Agent (the "Control Agreement") satisfactory to the Secured Party in order to perfect and protect the Secured Party’s Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Eltrax Systems Inc)

Securities Account. If the Collateral includes securities or any other financial or other asset maintained in a securities account, then the Pledgor agrees to cause the securities intermediary on whose books and records the ownership interest of the Pledgor in the Collateral appears (the “Custodian”) to execute and deliver, contemporaneously herewith, a notification and control agreement or other agreement (the “Control Agreement”) reasonably satisfactory to the Secured Party in order to perfect and protect the Secured Party’s security interest in the Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Erie Indemnity Co)

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Securities Account. If the Collateral includes securities or any other financial or other asset maintained in a securities account, then the The Pledgor agrees to cause the issuing financial institution or securities intermediary on whose books and records the ownership interest of the Pledgor in the Collateral appears (the “Custodian”) to execute and deliver, contemporaneously herewith, a notification and control agreement or other agreement satisfactory to the Secured Party (the “Control Agreement”) satisfactory to the Secured Party in order to perfect and protect the Secured Party’s security interest in the Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Gencor Industries Inc)

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