What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
No other creditor has a security interest in the Collateral except the following: _____________________________________________________________________________. Debtor is the owner of the Collateral free from any adverse lien or encumbrance except this lien and the others described in this Security Agreement. Debtor will defend the Collateral against all claims of other persons. Debtor will immediately notify the Secured Party in writing of any change in name or address.