Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

Securities Depository has the meaning set forth in Section 5.1 of this Agreement.

Securities Depository. As used in this Agreement, the term "Securities Depository" shall mean The Depository Trust Company, a clearing agency registered with the SEC or its successor or successors and its nominee or nominees; and shall also mean any other registered clearing agency, its successor or successors specifically identified in a certified copy of a resolution of the Company's Board of Directors approving deposits by U.S. Trust therein.

Examples of Securities Depository in a sentence

In particular and without prejudice to PYGG’s right to use other brokers or nominees, PYGG may at its discretion contract non-exclusively with Vidanova Global Custody Foundation ("Vidanova Custody") in view of its role as Central Securities Depository (“CSD”) of the Dutch Caribbean Securities Exchange (“DCSX”), to carry out and discharge securities execution, custody, clearing and administrative functions for and on behalf of PYGG.

More Definitions of Securities Depository

Securities Depository means a central or book entry system or agency established under Applicable Law for purposes of recording the ownership and/or entitlement to investment securities for a given market that, if a foreign Securities Depository, meets the definitional requirements of Rule 17f-7 under the 1940 Act.

Securities Depository means The Depository Trust Company, New York, New York, and any substitute for or successor to such securities depository that shall maintain a book-entry system with respect to the VRDP Shares.

Securities Depository means, initially, DTC, and its successors and assigns.

Securities Depository means The Depository Trust Company, 55 Water Street, New York, New York 10041.

Securities Depository a system for the central handling of securities as defined in Rule 17f-4.

Securities Depository means The Depository Trust Company and its successors and assigns or any other securities depository selected by the Fund that agrees to follow the procedures required to be followed by such securities depository as set forth in this Statement with respect to the MuniFund Term Preferred Shares.