Are the termination provisions in the control agreement acceptable to the Lender?
UCC, Reduce Financial Risk
We're talking control agreements this week with attorney Bennett Cohen. We're midway through an eight part series on this topic, so if you need a refresher please check out our previous posts:
Examining Issues with Control Agreements for Pledged Securities Accounts
Is there adequate "control" language in the control agreement?
Has the Broker subordinated its statutory first priority security interest in the Securities Account to…READ MORE
Has the Broker subordinated its statutory first priority security interest in the Securities Account to the Lender’s security interest in the Securities Account?
UCC, Due Diligence, Revised Article 9
We're continuing our examination of control agreements for pledged securities accounts with guest blogger Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. See the introductory post here and the follow-up post, Is there adequate “control” language in the control agreement?
Has the Broker subordinated its statutory first priority security interest in the Securities Account to the Lender's security interest in the Securities…READ MORE
