Common use of Accounts and the Administrative Agent Clause in Contracts

Accounts and the Administrative Agent. For purposes of this Agreement, the parties confirm and agree as follows: (a) The Administrative Agent confirms and agrees that it is a "securities intermediary" as defined in Section 8-102(14) of the UCC and a "Securities Intermediary" as defined in 31 C.F.R. Part 357.2 of the United States. (b) The Administrative Agent hereby agrees, upon the delivery or transfer of any Account Collateral to the Administrative Agent for deposit in an Account, to indicate by book entry that such Account Collateral has been credited to and is carried in the applicable Account and accept such Account Collateral for credit to the applicable Account. (c) The Borrower confirms and agrees that it has not and will not (i) permit any of its creditors to obtain control over any Account or the Borrower's interest in any financial asset credited thereto or carried therein, or (ii) enter into any agreement, arrangement or understanding with any other Person relating to any of the Accounts and the financial assets credited or to be credited thereto or carried or to be carried therein pursuant to which it has agreed to comply with entitlement orders of such Person.

Accounts and the Administrative Agent. For purposes of this Agreement, the parties confirm and agree as follows: (a) The Administrative Agent confirms and agrees that it is a "securities intermediary" as defined in Section 8-102(14) of the UCC and a "Securities Intermediary" as defined in 31 C.F.R. Part 357.2 of the United States. (b) The Administrative Agent hereby agrees, upon the delivery or transfer of any Account Collateral to the Administrative Agent for deposit in an Account, to indicate by book entry that such Account Collateral has been credited to and is carried in the applicable Account and accept such Account Collateral for credit to the applicable Account. (c) The Borrower confirms and agrees that it has not and will not (i) permit any of its creditors to obtain control over any Account or the Borrower's interest in any financial asset credited thereto or carried therein, or (ii) enter into any agreement, arrangement or understanding with any other Person relating to any of the Accounts and the financial assets credited or to be credited thereto or carried or to be carried therein pursuant to which it has agreed to comply with entitlement orders of such Person. (d) Each of the Accounts and the Sub-Accounts shall continue to be governed by the Securities Account Control Agreement.

Accounts and the Administrative Agent. For purposes of this Agreement, the parties confirm and agree as follows: (a) The Administrative Agent confirms and agrees that it is a "securities intermediary" as defined in Section 8-102(14) of the UCC and a "Securities Intermediary" as defined in 31 C.F.R. Part 357.2 of the United States. (b) The Administrative Agent hereby agrees, upon the delivery or transfer of any Account Collateral to the Administrative Agent for deposit in an Account, to indicate by book entry that such Account Collateral has been credited to and is carried in the applicable Account and accept such Account Collateral for credit to the applicable Account. (c) The Each Borrower Entity confirms and agrees that it has not and will not (i) permit any of its creditors to obtain control over any Account or the Borrowersuch Borrower Entity's interest in any financial asset credited thereto or carried therein, or (ii) enter into any agreement, arrangement or understanding with any other Person relating to any of the Accounts and the financial assets credited or to be credited thereto or carried or to be carried therein pursuant to which it has agreed to comply with entitlement orders of such Person. (d) Each of the Accounts and the Sub-Accounts shall continue to be governed by the Securities Account Control Agreement.