Common use of The Collateral Accounts Clause in Contracts

The Collateral Accounts. Annex A attached hereto (and as it may be amended, modified and restated from time to time) contains a complete and accurate description of each Deposit Account and each Securities Account maintained by each Grantor with the Custodian. Each Grantor and the Custodian agree to maintain at all times such Collateral Accounts in the name of the respective Grantor. The Custodian shall not change the name or account number of any Collateral Account without the prior written consent of the Collateral Agent. The Collateral Accounts listed on Annex A hereto do not contain Collateral which is registered in the name of, payable to or to the order of, or specifically indorsed to a Grantor or any other Person other than the Custodian, which has not been indorsed to the Custodian or in blank, and the Securities Accounts contain only securities that are primarily cleared and settled within the United States. To the Custodian’s knowledge, the Security Entitlements arising out of the Collateral carried in the Securities Accounts are valid and legally binding obligations of the Custodian, and the Custodian has not been notified in writing of any claim to or interest in the Collateral, except for the claims and interest of the Collateral Agent and the Grantors in the Collateral.