Safekeeping Account definition

Safekeeping Account means an account established on the books of the Custodian or any Subcustodian for purposes of segregating the interests of the Fund (or clients of the Custodian or Subcustodian) from the assets of the Custodian or any Subcustodian.
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Safekeeping Account means account number in the name of HDSI, LLC at U.S. Bank National Association (including any replacements or renumberings thereof), which has an account balance that does not exceed $12,850,000 as of the date of Closing and which account is pledged as collateral to secure obligations under the Continuing Reimbursement Agreement for Letters of Credit described in Schedule 5.15.
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Safekeeping Account means the account in the State Treasury administered by the Treasurer of State for the benefit of other government entities consisting of all securities received by the Treasurer of State from the administrators of the several state retirement systems and other trust accounts;
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Examples of Safekeeping Account in a sentence

  • Safekeeping Account Account number Repo closing date Maturity of the agreement Repurchase Rate type Fixed rate or variable rate Accrual Basis To recalculate the interest amount on the collateral Settlement Transaction Type Indicator Defines transaction as repo or reverse repo.

  • A Member who receives Medicaid shall receive such personal money as provided in the Medicaid regulations and may have all or any part of these funds deposited into a Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items.

  • Securities held in a Safekeeping Account at Truist Bank are not in a securities account which is covered by the Securities Investor Protection Corporation (SIPC).

  • You appoint Truist Securities as your agent for the purposes of providing instructions to Truist Bank with respect to your Safekeeping Account.

  • We may, in our sole discretion, respond to legal process by placing a hold on the Safekeeping Account subject to such legal process.

  • You authorize and appoint us as your agent to debit and credit your Safekeeping Account as provided in this Service Description.

  • If you elect to settle all transactions through a designated Safekeeping Account or deposit account with Truist Bank, an affiliate of Truist Securities, you agree that on the settlement date Truist Securities may debit your deposit account for payment for securities purchased and credit your deposit account with the proceeds from the sale of securities.

  • We reserve the right, at our discretion and without notice or demand, to sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of, or otherwise use, any assets in your Safekeeping Account, free from any claim or right of yours whatsoever, including any equity or right of redemption, for our protection or to discharge any obligations you may have to us (including unmatured and contingent obligations).

  • We may also place a hold on the Safekeeping Account and conduct an investigation upon receipt of oral or written notice from any party of a claim regarding the Safekeeping Account, or if we suspect there to be fraud or illegal activity associated with the Safekeeping Account.

  • Securities held for your account in a Safekeeping Account at Truist Bank, an affiliate of Truist Securities, are not covered by SIPC.


More Definitions of Safekeeping Account

Safekeeping Account means an account maintained by Member at the Bank in order to arrange for, the holding, receipt, delivery, or other disposition of securities on its behalf or on behalf of certain third party pledgees, as agreed to by the Bank (each a “Pledgee”) and designated as a Safekeeping Account.
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Safekeeping Account means an account in which Financial Instruments of the Client are recorded by the Bank.
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Safekeeping Account means the account in the State Treasury
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Safekeeping Account means an account established on the books of BBH&Co. for purposes of segregating the interests of the Customer (or clients of the Customer) from the assets of BBH&Co.
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Related to Safekeeping Account

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Holding Account means an account:

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Administration Account As defined in Section 7.02.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.