Control Account definition

Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.
Control Account has the meaning assigned to such term in Section 5.08(c)(ii).
Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

Examples of Control Account in a sentence

  • Subject to state law, and/or group policyholder direction, the Total Control Account is provided for all Lifeand AD&D benefits of $5,000 or more.

  • Subject to state law, and/or group policyholder direction, the Total Control Account is provided for all Life and AD&D benefits of $5,000 or more.

  • Reconcile Bank Statement with Cash Book and Computerised Bank Control Account.

  • If you do not choose an option, you will receive a Total Control Account in most states unless state law requires us to pay you by check.

  • You’d like us to put your payment into a Total Control Account that we’ll open for you.


More Definitions of Control Account

Control Account includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.
Control Account means any of the accounts established pursuant to a Control Agreement.
Control Account means any securities account, whether or not with a broker or dealer, over which an Access Person has any control or influence over security transaction decisions or in which the Access Person has any beneficial interest (i.e., derives any benefit). Such accounts include securities accounts of (i) any Access Person, (ii) his or her spouse or domestic partner, (iii) any family member of the Access Person living in the same household as the Access Person, and (iv) any trust, partnership or other entity which the Access Person, spouse or domestic partner, or a family member living in the same household influences security transaction decisions or has any beneficial interest. Control Accounts do not include an account over which the Access Person has no direct or indirect control or influence.
Control Account has the meaning set forth in Section 5.16(b).
Control Account has the meaning specified in the Pledge and Security Agreement.
Control Account means a Deposit Account that is subject to a Deposit Account Control Agreement.
Control Account means each deposit account, securities account, or commodities account now or hereafter owned by the Borrowers, other than an Excluded Account.