Examples of Security Interests in a sentence
This Master Confirmation shall constitute notification to the Custodian that all assets standing to the credit of the Collateral Account at any time and from time to time (including, without limitation, any Shares and the proceeds thereof) have been pledged by Counterparty to Dealer and Dealer shall have exclusive dominion and control over the Collateral Account until the Security Interests are terminated pursuant to Section 3(j) below.
Other than financing statements or other similar or equivalent documents or instruments with respect to the Security Interests, no financing statement, security agreement or similar or equivalent document or instrument covering all or any part of (1) the Collateral or (2) any other assets of Counterparty is on file or of record in any jurisdiction in which such filing or recording would be effective to perfect a lien, security interest or other encumbrance of any kind on any Collateral.
Counterparty agrees that Counterparty shall not change any of (A) Counterparty’s name, or (B) Counterparty’s location, unless in any such case (x) Counterparty shall have given Dealer not less than 30 days’ prior notice thereof and (y) such change shall not cause any of the Security Interests to become unperfected, cause Dealer to cease to have control in respect of any of the Security Interests in any Collateral consisting of investment property or subject any Collateral to any other Lien.
The Security Interests are granted as security only and shall not subject the Custodian or Dealer to, or transfer or in any way affect or modify, any obligation or liability of Counterparty or the Issuer with respect to any of the Collateral or any transaction in connection therewith.