Common use of Nature of Securities Clause in Contracts

Nature of Securities. 4.2.1. All Pledges created under this Agreement (or any part thereof) and/or any other document shall be independent of one another. 4.2.2. IC may, at its sole discretion, deposit all or any of the Pledged Assets created under this Agreement with a bailee of its own choosing, and may substitute such bailee with another from time to time. IC may instruct ICPS to register all or any of such collateral with any competent authority in accordance with any applicable law and/or in any public register, as permitted by applicable law.

Nature of Securities. 4.2.1. All Pledges created under this Agreement (or any part thereof) and/or any other document shall be independent of one another. 4.2.2. IC may, at its sole discretion, deposit all or any of the Pledged Assets created under this Agreement with a bailee of its own choosing, and may substitute such bailee with another from time to time. IC may instruct ICPS ▇▇▇▇▇ to register all or any of such collateral with any competent authority in accordance with any applicable law and/or in any public register, as permitted by applicable law.