Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.
Uncertificated Security means a security that is not represented by a certificate.
Uncertificated Security. Has the meaning given to such term in Section 8-102(a)(18) of the New York UCC.
Examples of Uncertificated Security in a sentence
The Secured Party shall have the right to exercise exclusive control of each such Uncertificated Security and to notify the Issuer thereof upon and after the occurrence of a Default or an Event of Default.
More Definitions of Uncertificated Security
Uncertificated Security means a share, participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer, which is:
Uncertificated Security means a Security that is not represented by a certificate.
Uncertificated Security means an uncertificated security (as defined in Section 8-102(a)(18) of the UCC) other than a Government Security.
Uncertificated Security have the respective meanings set forth in Article 8 of the NYUCC.
Uncertificated Security shall have the meanings given such terms in Revised Article 8 (1994 Revision) of the UCC, and the terms "control" (with respect to deposit accounts) and "deposit account" shall have the meanings given such terms in Revised Article 9 (1998 Revision) of the UCC, and (ii) "control" of any Permitted Investment in any Investment Account by the Master Servicer or the Special Servicer shall constitute "control" by a Person designated by, and acting on behalf of, the Trustee and, in the case of any Investment Account solely related to a Serviced Loan Combination, the related Serviced Non-Trust Mortgage Loan Noteholder(s), for purposes of Revised Article 8 (1994 Revision) of the UCC or Revised Article 9 (1998 Revision) of the UCC, as applicable. If amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master Servicer (in the case of any Master Server Account), the Special Servicer (in the case of the REO Accounts) or the Trustee (in the case of any Trustee Account) shall:
Uncertificated Security shall have the meanings given such terms in Revised Article 8 (1994 Revision) of the UCC, and "control" of any Permitted Investment by the Master Servicer or the Special Servicer shall constitute "control" by a Person designated by, and acting on behalf of the Trustee for purposes of Revised Article 8 (1994 Revision) of the UCC. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master Servicer (in the case of the Certificate Account, any Lock-Box Account, or any Cash Collateral Account), the Special Servicer (in the case of the REO Account) and the Trustee (in the case of the Distribution Account, the Excess Liquidation Proceeds Reserve Account and the Interest Reserve Account) shall:
Uncertificated Security means an uncertificated security as defined in the Securities Transfer Act, 2006; (“valeur mobilière sans certificat”)