📄 Extracted Text (210 words)
assets to another institution. The Secured Party shall have the right to identify the institution and
the account to which financial assets shall be transferred by sending an Entitlement Order to the
Intermediary at any time prior to the expiration of the thirtieth (30th) day after written notice
from the Intermediary is sent to the Secured Party. If the Intermediary has not prior to the
expiration of the 30 day received an Entitlement Order from the Secured Party directing
transfer, the Intermediary may honor an Entitlement Order faun the Debtor. If neither the
Secured Party nor the Debtor has delivered a suitable Entitlement Order with respect to the
transfer of the financial assets credited to the Securities Account, the Intermediary may, at its
option, deposit the assets with a court of competent jurisdiction or establish a successor account
at another institution. Any such successor account established by the Intermediary at another
institution shall be maintained in the same name as the Securities Account; but other than the
name in which the account is maintained, the Intermediary shall have no obligation to establish
an account with the same or even similar terms as the Securities Account.
481053v3
7
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0041347
CONFIDENTIAL SDNY_GM_00187531
EFTA01355987
ℹ️ Document Details
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EFTA01355987
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