Common use of No Change to Accounts; Certain Information Clause in Contracts

No Change to Accounts; Certain Information. (a) Without 30 days’ prior notice to the Security Agent, the Intermediary will not change the account number or designation of either Account. (b) The Collateral Administrator or the Intermediary shall promptly notify the Security Agent and the Borrower if any person asserts or seeks to assert a lien, encumbrance or adverse claim against any portion or all of the property credited to either Account. The Collateral Administrator or the Intermediary will send copies of all statements and confirmations for the Accounts simultaneously to the Debtor and the Security Agent.

No Change to Accounts; Certain Information. (a) Without 30 days’ prior notice to the Security Agent, the Intermediary will not change the account number or designation of either any Account. (b) The Collateral Administrator or the Intermediary shall promptly notify the Security Agent and the Borrower if any person asserts or seeks to assert a lien, encumbrance or adverse claim against any portion or all of the property credited to either any Account. The Collateral Administrator or the Intermediary will send copies of all statements and confirmations for the Accounts simultaneously to the Debtor and the Security Agent.

No Change to Accounts; Certain Information. (a) Without 30 days’ prior notice to the Security Agent, the Intermediary will not change the account number or designation of either Account. (b) The Collateral Administrator or the Intermediary shall promptly notify the Security Agent and the Borrower if any person asserts or seeks to assert a lienLien, encumbrance or adverse claim against any portion or all of the property credited to either Account. The Collateral Administrator or the Intermediary will send copies of all statements and confirmations for the Accounts simultaneously to the Debtor and the Security Agent.