Customer Securities definition

Customer Securities means Securities carried by the Debtor for the account of any customer within the meaning of Rules 8c-1 and 15c2-1 of the Securities and Exchange Commission and any proceeds thereof and interest and dividends thereon.
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Customer Securities means, at any time, Broker Collateral that is pledged at such time to the Bank to secure Customer Obligations.
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Customer Securities means, at any time, Eligible Securities and Eligible ETFs that are pledged at such time to the Collateral Agent for the benefit of the Lenders to secure Customer Loan Obligations.
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Examples of Customer Securities in a sentence

  • All Customer Loans shall be secured by Customer Securities and no Customer Securities will be substituted hereunder for Firm Securities.

  • The Borrower shall be deemed to warrant to the Administrative Agent with each such delivery of securities that it has full legal power and authority to grant to the Administrative Agent a first security interest in the Margin Collateral consisting of Customer Securities.

  • No Customer Securities shall be pledged hereunder to secure Firm Obligations.

  • The Borrower shall be deemed to warrant to the Bank with each such delivery of securities that it has full legal power and authority to grant to the Bank a first security interest in the Broker Collateral consisting of Customer Securities.

  • No Customer Securities shall be pledged hereunder to secure Obligations other than Customer Obligations.


More Definitions of Customer Securities

Customer Securities securities received by or on behalf of a broker ------------------- or dealer for the account of any customer, securities carried long by a broker or dealer for the account of any customer, and securities sold to, or bought for, a customer by a broker or dealer.
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