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sd-10-EFTA01355987Dept. of JusticeOther

EFTA Document EFTA01355987

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 In

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Dept. of Justice
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sd-10-EFTA01355987
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Summary

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 In

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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
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. 7 481053v3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0041347 CONFIDENTIAL SDNY_GM_00187531 EFTA01355987

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