Common use of Establishment of Secured Accounts Clause in Contracts

Establishment of Secured Accounts. The Securities Intermediary acknowledges and agrees that, at the direction and on behalf of the Secured Party, it has established and is maintaining on its books and records, in the name of the Pledgor, (i) the securities account designated as the “Collateral Account” with account number ▇▇▇▇▇▇▇▇ (such account, together with any replacements thereof or substitutions therefor, the “Collateral Account”), (ii) the securities account designated as the “Principal Collections Account” with account number ▇▇▇▇▇▇▇▇ (such account, together with any replacements thereof or substitutions therefor, the “Principal Collections Account”) and (iii) the securities account designated as the “Interest Collections Account” with account number ▇▇▇▇▇▇▇▇ (such account, together with any replacements thereof or substitutions therefor, the “Interest Collections Account” and, together with the Collateral Account and the Principal Collections Accounts, the “Secured Accounts”).

Establishment of Secured Accounts. The Securities Intermediary acknowledges and agrees that, at the direction and on behalf of the Secured PartyPledgor, it has established and is maintaining on its books and records, in the name of the PledgorPledgor subject to the lien of the Secured Party, the following: (i) the securities account designated as the “Collateral Collection Account” with account number ▇▇▇▇▇▇▇▇ (such account, together with any sub-accounts, replacements thereof or substitutions therefor, the “Collateral Collection Account”)) with account number 189568-700 (such account, together with any sub-accounts, replacements thereof or substitutions therefor, the “Collection Account”) and (ii) the securities account designated as the “Principal Collections Unfunded Reserve Account” with account number ▇▇▇▇▇▇▇▇ 189568-701 (such account, together with any sub-accounts, replacements thereof or substitutions therefor, the “Principal Collections Account”) and (iii) the securities account designated as the “Interest Collections Unfunded Reserve Account” with account number ▇▇▇▇▇▇▇▇ (such account, together with any replacements thereof or substitutions therefor, the “Interest Collections Account” and, and together with the Collateral Account and the Principal Collections AccountsCollection Account, the “Secured Accounts”).