Common use of Notice of Exclusive Control Clause in Contracts

Notice of Exclusive Control. The Pledgor and Trustee are entering into this Agreement to perfect, and confirm the first priority lien of, the Trustee's Security Interest in the Collateral. The Account Holder agrees to promptly make all necessary entries or notations in its books and records to reflect the Trustee's Security Interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee without further consent from the Pledgor. The Account Holder acknowledges that the Trustee has exclusive control over the Pledged Account and all Pledged Security Entitlements contained therein from time to time.

Appears in 7 contracts

Samples: Pledge Agreement (Alaska Air Group Inc), Pledge Agreement (Mindspeed Technologies, Inc), Control Agreement (Mindspeed Technologies, Inc)

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Notice of Exclusive Control. The Pledgor Pledgor, the Trustee and Trustee the Account Intermediary are entering into this Control Agreement to perfect, and confirm the first first-priority lien of, the Trustee's Security Interest security interest in the Collateral. The Account Holder Intermediary agrees to promptly make all necessary entries or notations in its books and records to reflect the Trustee's Security Interest security interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee without further consent from the Pledgor. The Account Holder Intermediary acknowledges that the Trustee has exclusive control over the Pledged Pledge Account and all Pledged Security Entitlements contained therein from time to time.

Appears in 2 contracts

Samples: Pledge Agreement (Ligand Pharmaceuticals Inc), Control Agreement (Ligand Pharmaceuticals Inc)

Notice of Exclusive Control. The Pledgor Pledgor, the Collateral Agent and Trustee are entering into this Agreement to perfect, and confirm the first priority lien of, the TrusteeCollateral Agent's Security Interest security interest in the Collateral. The Account Holder agrees to promptly make all necessary entries or notations in its books and records to reflect the TrusteeCollateral Agent's Security Interest security interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee Collateral Agent without further consent from the Pledgor. The Account Holder acknowledges that the Trustee Collateral Agent has exclusive control over the Pledged Pledge Account and all Pledged Security Entitlements contained therein from time to time.

Appears in 2 contracts

Samples: Pledge Agreement (Scios Inc), Control Agreement (Scios Inc)

Notice of Exclusive Control. The Pledgor and Trustee are entering into this Agreement to perfect, and confirm the first priority lien of, the Trustee's ’s Security Interest in the Collateral. The Account Holder agrees to promptly make all necessary entries or notations in its books and records to reflect the Trustee's ’s Security Interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee without further consent from the Pledgor. The Account Holder acknowledges that the Trustee has exclusive control over the Pledged Account and all Pledged Security Entitlements contained therein from time to time.

Appears in 1 contract

Samples: Pledge Agreement (Serena Software Inc)

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Notice of Exclusive Control. The Pledgor Pledgor, the Trustee and Trustee the Account Intermediary are entering into this Control Agreement to perfect, and confirm the first first-priority lien of, the Trustee's Security Interest security interest in the Collateral. The Account Holder Intermediary agrees to promptly make all necessary entries or notations in its books and records to reflect the Trustee's Security Interest security interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee without further consent from the Pledgor. The Account Holder Intermediary acknowledges that the Trustee has exclusive control over the Pledged Pledge Account and all Pledged Security Entitlements contained therein from time to time. SECTION 2.

Appears in 1 contract

Samples: Control Agreement

Notice of Exclusive Control. The Pledgor and Trustee are entering into this Agreement to perfect, and confirm the first priority lien of, the Trustee's Security Interest security interest in the Collateral. The Account Holder agrees to promptly make all necessary entries or notations in its books and records to reflect the Trustee's Security Interest security interest in the Collateral and to apply any value distributed on account of any Pledged Financial Assets as directed in writing by the Trustee without further consent from the Pledgor. The Account Holder acknowledges that the Trustee has exclusive control over the Pledged Account and all Pledged Security Entitlements contained therein from time to time.

Appears in 1 contract

Samples: Pledge Agreement (Regeneron Pharmaceuticals Inc)

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