WEN » Topics » Securities Account Control Agreement

These excerpts taken from the WEN 10-Q filed May 7, 2009.
Securities Account Control Agreement” means a letter agreement, substantially in the form of Annex 2 (with such changes as may be agreed to by the Collateral Agent) or such other form as agreed to by the Collateral Agent, executed by the relevant Grantor, the Collateral Agent and the relevant Approved Securities Intermediary.
 
Securities Account Control Agreement”).  Capitalized terms used herein shall have the meanings given to them in the Securities Account Control Agreement.
 
The Collateral Agent hereby notifies you that, from and after the date of this notice, the Pledgor’s rights to give Entitlement Orders with respect to the Account and the other rights afforded to the Pledgor under paragraph 4 of the Securities Account Control Agreement are terminated.  From and after the delivery of this notice to you, you shall honor only the Entitlement Orders in regard to or in connection with the Account and/or the financial assets contained therein given by an Authorized Officer of the Collateral Agent.
 
 
 
Very truly yours,
 
 
Citicorp North America, Inc.,
 
     as Collateral Agent
 
      By:  _________________________________________                      
                                      Name:
                                      Title:
 

 
 

 

Annex 3
to
Pledge and Security Agreement

 
Form of Pledge Amendment
 
 
This
This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Securities Account Control Agreement”). Capitalized terms used herein shall have the meanings given to them in the Securities Account Control Agreement.

The Collateral Agent hereby notifies you that, from and after the date of this notice, the Pledgor’s rights to give Entitlement Orders with respect to the Account and the other rights afforded to the Pledgor under paragraph 4 of the Securities Account Control Agreement are terminated. From and after the delivery of this notice to you, you shall honor only the Entitlement Orders in regard to or in connection with the Account and/or the financial assets contained therein given by an Authorized Officer of the Collateral Agent.

Very truly yours,

 

 

 

Citicorp North America, Inc.,
as Collateral Agent

 

 

By: 



/s/

 

 

 

Name:  

Title:    

 

 

 

 

 

 


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