As to Investment Property Clause Samples
The "As to Investment Property" clause defines the rights and obligations of parties regarding investment property, such as stocks, bonds, or other financial assets used as collateral or subject to a security interest. This clause typically outlines how such property is to be identified, controlled, and perfected under applicable law, often requiring the debtor to maintain certain standards or provide notice of changes. Its core function is to ensure that the secured party's interest in the investment property is properly established and protected, thereby reducing the risk of disputes or loss of priority in the event of default.
As to Investment Property. Grantor hereby covenants and agrees as follows:
As to Investment Property. Equity Interests of the Pledgors' Subsidiaries. No Pledgor will allow any of its Subsidiaries:
As to Investment Property. (a) If Grantor shall at any time hold or acquire any certificated securities, Grantor shall forthwith endorse, assign and deliver the same to Bank, accompanied by such instruments of transfer or assignment duly executed in blank as Bank may from time to time specify. If any securities now or hereafter acquired by Grantor are uncertificated and are issued to Grantor or its nominee directly by the issuer thereof, Grantor shall immediately notify Bank thereof and, at Bank’s request and option, pursuant to an agreement in form and substance satisfactory to Bank, either (a) cause the issuer to agree to comply with instructions from Bank as to such securities, without further consent of Grantor or such nominee, or (b) arrange for Bank to become the registered owner of the securities. If any securities, whether certificated or uncertificated, or other investment property now or hereafter acquired by Grantor are held by Grantor or its nominee through a securities intermediary or commodity intermediary, Grantor shall immediately notify Bank thereof and, at Bank’s request and option, pursuant to an agreement in form and substance satisfactory to Bank, either (i) cause such securities intermediary or (as the case may be) commodity intermediary to agree to comply with entitlement orders or other instructions from Bank to such securities intermediary as to such securities or other investment property, or (as the case may be) to apply any value distributed on account of any commodity contract as directed by Bank to such commodity intermediary, in each case without further consent of Grantor or such nominee, or (ii) in the case of financial assets or other investment property held through a securities intermediary, arrange for Bank to become the entitlement holder with respect to such investment property, with Grantor being permitted, only with the consent of Bank, to exercise rights to withdraw or otherwise deal with such investment property. The provisions of this Section shall not apply to any financial assets credited to a securities account for which Bank is the securities intermediary.
As to Investment Property. (a) In the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and are not in default and, as of the date hereof are listed in Schedule II.
As to Investment Property