Common use of Acknowledgement of Security Clause in Contracts

Acknowledgement of Security. In respect of each relevant Series of ETP Securities, the Authorised Participant acknowledges an assignment by way of security, in favour of the Trustee, of all of the Issuer’s rights, title, interest and benefit present and future in, to and under this Authorised Participant Agreement.

Acknowledgement of Security. In respect of each relevant Series of ETP Securities, the Authorised Participant Arranger acknowledges an assignment by way of security, in favour of the Trustee, of all of the Issuer’s rights, title, interest and benefit present and future in, to and under this Authorised Participant Agreement.

Acknowledgement of Security. In respect of each relevant Series of ETP Securities, the Initial Authorised Participant acknowledges an assignment by way of security, in favour of the Trustee, of all of the Issuer’s rights, title, interest and benefit present and future in, to and under this Authorised Participant Agreement.