Covered Account definition
Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.
Covered Account means any account that holds or may hold a Covered Security, such as any:
Covered Account means any account that holds or may hold a Covered Security whether directly or through Beneficial Ownership, and as further described in Section B.1 below.
Examples of Covered Account in a sentence
Any Covered Account may contain any number of subaccounts for the convenience of the Collateral Agent or as required by the Collateral Manager for convenience in administering the Covered Account or the Collateral.
Upon the earlier of either: (i) State Street’s receipt of a notice from the Collateral Manager to State Street that the administrative details for any assets previously held at State Street have been updated to reflect the applicable Covered Account established at Computershare as the Securities Intermediary or (ii) the date that is 90 days (as may be extended by State Street in its sole discretion) from the date hereof, State Street shall close the Existing Accounts.
More Definitions of Covered Account
Covered Account means each of the Collection Accounts (including the Interest Collection Subaccount, the Principal Collection Subaccount, the CAD Collection Account, the EUR Collection Account and the GBP Collection Account), the Payment Account, the Collateral Account, the Revolving Reserve Account and any other account established by the Borrower at the Securities Intermediary with the consent of the Administrative Agent and subject to the Lien of the Collateral Agent and subject to an agreement establishing “control” (as used in the UCC) over such account in favor of the Collateral Agent pursuant to the terms of the Facility Documents.
Covered Account means any account held by the Access Person’s spouse, domestic partner, dependent household members, immediate family members sharing the same household and any account over which the Access Person has beneficial interest or control.
Covered Account means a personal investment or trading account of an Employee or Access Person or related account (this may include, but is not limited to, an account for which an Employee or Access Person is a trustee or custodian, a spousal account, any account of an Employee or Access Person’s children or any account for an individual who relies on the Employee or Access Person for material support) in which an Employee or Access Person has any direct or indirect beneficial ownership interest, an investment or trading account over which an Employee or Access Person exercises control or provides investment advice, or a proprietary investment or trading account maintained for the Firm or its employees. Specifically, Covered Account includes:
Covered Account means each of the Collection Account (including the Interest Collection Subaccount, the Principal Collection Subaccount, and the Canadian Dollar Subaccount), the Payment Account, the Revolving Reserve Account, the Lender Funding Account (including each Lender Funding Subaccount therein), the Currency Exchange Account, the Custodial Account, the Funded Draw Collection Account, and the Closing Expense Account.
Covered Account means an account that holds Covered Securities in which Access Person has a beneficial ownership.
Covered Account means each of the Collection Account, the Payment Account and the Unfunded Reserve Account.
Covered Account means each of the Collection Account (including each Interest Collection Subaccount and Principal Collection Subaccount therein), each Payment Account, the Revolving Reserve Account and the Custodial Account.