Registration and Indorsement Sample Clauses
The 'Registration and Indorsement' clause establishes the requirements and procedures for officially recording and transferring rights or interests, typically in the context of negotiable instruments or securities. In practice, this clause outlines how a party must register ownership or make an indorsement—such as signing over a check or share certificate—to legally transfer their rights to another party. By setting clear rules for registration and indorsement, the clause ensures that transfers are valid and recognized, thereby reducing disputes and providing certainty regarding ownership and rights.
Registration and Indorsement. It will ensure that all financial assets (other than cash) credited to the Collateral Account are registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution and that no financial asset credited to the Collateral Account is registered in the name of the Grantor, payable to the order of the Grantor or specially indorsed to the Grantor unless it has been indorsed to the Financial Institution or in blank.
Registration and Indorsement. All securities or other property underlying any financial assets credited to any securities account (other than cash) shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution, and in no case will any financial asset credited to any securities account be registered in the name of the Grantor or any other person, payable to the order of the Grantor or any other person, or specially indorsed to the Grantor or any other person, except to the extent the foregoing have been specially indorsed to the Financial Institution or in blank; and