Common use of Acknowledgement of Receipt of Investments Clause in Contracts

Acknowledgement of Receipt of Investments. Securities Intermediary acknowledges the transfer by Pledgor, and the acquisition by Securities Intermediary, of Financial Assets that are Permitted Investments that have a Value of $25,000,000 for the credit of the Completion Guaranty Account.

Appears in 2 contracts

Sources: Completion Guaranty Collateral Account Agreement (Grand Canal Shops Mall Construction LLC), Completion Guaranty Third Party Account Agreement (Grand Canal Shops Mall Construction LLC)