Securities Accounts definition
Examples of Securities Accounts in a sentence
No arrangement contemplated hereby or by any Control Agreement in respect of any Deposit Account, Securities Accounts or other Investment Property shall be modified by Borrower without the prior written consent of Agent.
Except with respect to any Excluded Accounts, ▇▇▇▇▇▇▇▇ agrees that it will take any and all reasonable steps for Agent, for the benefit of the Lender Group, to obtain control in accordance with Sections 8-106, 9-104, 9-105, 9-106 and 9-107 of the Code with respect to all of ▇▇▇▇▇▇▇▇’s Securities Accounts, Deposit Accounts, electronic chattel paper, Investment Property and letter-of-credit rights.
Within forty-five (45) days after the end of each Fiscal Quarter, a complete list of any new banks and other financial institutions at which Borrower or any of its Subsidiaries maintains any and all Deposit Accounts, Securities Accounts or Commodities Accounts to the extent required by Section 5.12.
The Borrower has not instructed the securities intermediary of any Account that is a Securities Account to comply with the entitlement order of any Person other than the Administrative Agent; provided that, until the Administrative Agent delivers a Notice of Exclusive Control, the Borrower and the Collateral Manager may cause cash in the Accounts that are Securities Accounts to be invested in Permitted Investments, and the proceeds thereof to be distributed in accordance with this Agreement.
Set forth on Schedule 5.15 (as updated from time to time to reflect changes permitted under this Agreement) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts constituting Collateral, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.