Financial Asset definition

Financial Asset. The meaning specified in Section 8-102(a)(9) of the UCC.

Financial Asset. Has the meaning given such term in Article 8 of the New York UCC. As used herein, the Financial Asset “related to” a Security Entitlement is the Financial Asset in which the Entitlement Holder holding such Security Entitlement has the rights and property interest specified in Article 8 of the New York UCC.

Financial Asset means a Security and refers, as the context requires, either to the asset itself or to the means by which a person’s claim to it is evidenced, including a Security, a security certificate, or a Securities Entitlement. “Financial Asset” does not include cash.

Examples of Financial Asset in a sentence

• If any Person asserts any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the 2024-A Exchange Note Collection Account or in any Financial Asset within the 2024-A Exchange Note Collection Account, the Securities Intermediary will promptly notify the Assignee-Secured Party and the Initial Secured Party thereof.

• If any Person asserts any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any 2024-A Collateral Account or in any Financial Asset within any 2024-A Collateral Account, the Securities Intermediary will promptly notify the Assignee-Secured Party, the Initial Secured Party and the Transferor thereof.

• Except for the claims and interests of the Initial Secured Party and the Assignee-Secured Party in the 2024-A Exchange Note Collection Account, the Securities Intermediary does not know of any claim to, or interest in, the 2024-A Exchange Note Collection Account or in any Financial Asset credited to the 2024-A Exchange Note Collection Account.

• Except for the claims and interests of the Initial Secured Party and the Assignee-Secured Party in each 2024-A Collateral Account, the Securities Intermediary does not know of any claim to, or interest in, any 2024-A Collateral Account or in any Financial Asset credited to any 2024-A Collateral Account.

More Definitions of Financial Asset

Financial Asset means, as the context requires, either the asset itself or the means by which a person's claim to it is evidenced, including a Security, a security certificate, or a Securities Entitlement. "Financial Asset" includes any Global Assets but does not include cash.

Financial Asset. “Fixtures”; “Goods”, “Inventory”; “Letter-of-Credit Rights”; “Letters of Credit”; “Money”; “Payment Intangibles”; “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

Financial Asset has the meaning ascribed to the term “financial asset” in Article 8 of the UCC.

Financial Asset. The meaning specified in Section 8-102(a) of the New York UCC.

Financial Asset has the meaning given to such term in the UCC.

Financial Asset means, as the context requires, either the asset itself or the means by which a person's claim to it is evidenced, including a Certificated Security or Uncertificated Security, a security certificate, or a Securities Entitlement. Financial Assets shall not include cash.

Financial Asset means (a) a Security, (b) an obligation of a person or a share, participation or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt with in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment or (c) any property that is held by a Securities Intermediary for another person in a Securities Account if the Securities Intermediary has expressly agreed with the other person that the property is to be treated as a Financial Asset under Article 8 of the Uniform Commercial Code. As the context requires, the term Financial Asset shall mean either the interest itself or the means by which a person's claim to it is evidenced, including a certificated or uncertificated Security, a certificate representing a Security or a Security Entitlement.