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<br />c. The Repurchase Agreement provides the Debtors <br />with a protective security interest in the securities purchased <br />from Shearson Lehman Brothers; in the event the transactions <br />between the Debtors and Shearson Lehman Brothers are deemed to be <br />loans and not sales and purchases (as intended and contemplated <br />by the Repurchase Agreement), the Debtors are granted a security <br />interest in all of the Purchased Securities and the proceeds <br />therefrom with respect to all transactions between the Debtors <br />and Shearson Lehman. ee Repurchase Agreement, Exhibit A, q 6. <br />d. The Repurchase Agreement provides for title <br />to all securities purchased by the Debtors to pass to the Debtors <br />and requires the segregation and identification of securities <br />sold pursuant to the agreement and it provides for segregation to <br />be accomplished in several ways including by a financial <br />intermediary. See Repurchase Agreement, Exhibit A, at q 8. The <br />Debtors and Shearson Lehman, by executing the Custody Agreement <br />summarized below, have entrusted the segregation and possession <br />of securities to Security Pacific National Bank, which <br />institution shall segregate and identify securities as provided <br />under the Custody Agreement. <br />e. The Repurchase Agreement provides the <br />remedies which the parties to the agreement may pursue upon the <br />default of the other party. egg Repurchase Agreement, Exhibit A, <br />at q 11. Among other remedies in the event Shearson Lehman <br />Brothers becomes insolvent (including filing for bankruptcy), the <br /> <br />