Securities and Commodities Accounts Clause Samples

The 'Securities and Commodities Accounts' clause defines the rights and obligations of parties regarding accounts that hold securities, commodities, or related financial assets. Typically, this clause outlines how such accounts are to be maintained, accessed, or controlled, and may specify requirements for account documentation, reporting, or the designation of account holders. For example, it might require that all securities be held in a specific brokerage account or that the account be subject to certain security interests. The core function of this clause is to ensure clarity and control over financial assets, reducing the risk of disputes or unauthorized transactions involving these accounts.
Securities and Commodities Accounts. The names and addresses of all brokerages at which Borrower maintains its securities and commodities accounts, and the account numbers and account names of such accounts, are set forth in Section 5.22 of Schedule C.
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Securities and Commodities Accounts. Set forth on Schedule 11 is a true and complete list of all securities and commodities accounts maintained by each Loan Party, specifying the name and address of the financial institution holding the securities account (including a securities intermediary or commodities intermediary), the type of account and the account number.
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Related to Securities and Commodities Accounts

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.