Approved Securities Intermediary definition

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent.

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Approved Securities Intermediary means a “securities intermediary” or “commodity intermediary” (as such terms are defined in the UCC) selected or approved by the Administrative Agent.

Approved Securities Intermediary means a securities intermediary at which the Borrower or a Subsidiary Guarantor maintains an Approved Securities Account.

Examples of Approved Securities Intermediary in a sentence

Grantor will (i) deposit in a Controlled Deposit Account all cash received by such Grantor, and (ii) not establish or maintain any Deposit Account or Securities Account other than with a Deposit Account Bank or Approved Securities Intermediary, as applicable, or the Secured Party or an Affiliate of the Secured Party.
This Control Account Letter may not be altered or amended in any manner without the express written consent of the Pledgor, the Collateral Agent and the Approved Securities Intermediary.
By Name: Title: By Name: Title: ACCEPTED AND AGREED: By Name: Title: [Approved Securities Intermediary] [Address] Re: Account No. (the “Account”) Ladies and Gentlemen: Reference is made to the Account and that certain Control Account Agreement, dated , 20[ ] (the “Control Account Agreement”) among you, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc., as collateral agent (the “Collateral Agent”), and [name of Grantor].
By: /s/ ▇▇▇ ▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇ Title: Vice President, Treasurer and Secretary ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ SENIOR FUNDING, INC., as Collateral Agent By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Title: Authorized Signatory [Name and Address of Approved Securities Intermediary] Ladies and Gentlemen: Reference is made to account no.
Title: VP [Name and Address of Approved Securities Intermediary] Ladies and Gentlemen: Reference is made to account no.

More Definitions of Approved Securities Intermediary

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

Approved Securities Intermediary a Securities Intermediary or Commodity Intermediary selected by a Loan Party and reasonably satisfactory to the Administrative Agent.

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary acceptable to the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

Approved Securities Intermediary means a Securities Intermediary approved by the Secured Party and, with respect to which a Grantor has delivered to the Secured Party an executed Account Control Agreement with respect to a Securities Account maintained with such Securities Intermediary.

Approved Securities Intermediary means a Securities Intermediary reasonably acceptable to the Agent.

Approved Securities Intermediary has the meaning assigned to such term in the Security Agreement.

Approved Securities Intermediary. – means a financial institution approved by the Corporation in accordance with the criteria set forth in Section A-222 and, as applicable, Sections A-223 and A-224.