Depository Account definition

Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.
Depository Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations, 1996 in accordance with the agreement entered into with the Client.
Depository Account means one or more accounts opened, maintained and operated by the Portfolio Manager, in the name of the client, with any depository or depository participant, registered under the SEBI (Depositories and Participants) Regulations, 1996.

Examples of Depository Account in a sentence

  • In case of registering inheritance, the testator shall be identified based on application of successor(s) and certificate of inheritance, as well as if necessary, based on statement, provided by the Issuer, additional clarifying documents and information provided by the notary, based on request addressed to the notary made by the Central Depository (Account Operator), taking into account the principles defined in point 236 of the Rules.

  • The written certification referred to in this point must also contain a statement that the risks of any kind of problems related to the legislation of the relevant foreign country in the framework of and in connection with the implementation of the custody of the given foreign securities by the Central Depository (Account Operator) are fully borne by the person presenting the certification.

  • If the Central Depository (Account Operator) provides information electronically or via facsimile communication, the Central Depository (Account Operator) is not responsible for this information becoming known to third parties.

  • Each Borrower shall deposit in the Blocked Account and/or Depository Account or, upon request by Agent during a Cash Dominion Period, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness other than amounts received pursuant to the life insurance policy obtained in connection with the Domino Repurchase Agreement.

  • If any Credit Party (other than any Credit Party that is a Foreign Subsidiary not formed or organized under the laws of Canada or any province thereof) shall receive any collections or other proceeds of the Collateral, such Credit Party shall hold such collections or proceeds in trust for the benefit of Agent and deposit such collections or proceeds into a Blocked Account or Depository Account within one (1) Business Day following such Credit Party’s receipt thereof.


More Definitions of Depository Account

Depository Account means any account of the Client or for the Client with an entity registered as a depository participant as per the relevant regulations in which the securities comprising part of the portfolio of the client are kept by the portfolio manager.
Depository Account. Those “depository” accounts initially established and maintained by the Servicer or an Affiliate thereof pursuant to Section 3.1 of the Servicing Agreement and the Master Agency Agreement, or any successor accounts in the name of and maintained by the Servicer, its Affiliate or any Successor Servicer.
Depository Account means each depositary account, concentration account or other similar account into which Collections are collected or deposited.
Depository Account means one or more account or accounts opened, maintained and operated by Portfolio Manager in the name of client or Product (as may be applicable) with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations 1996.
Depository Account means the ------------------ bank account referred to in Section 4.8 hereof.
Depository Account means an account of the Client or for the Client with an entity registered as a depository participant under the SEBI (Depositories and Participants) Regulations, 1996.
Depository Account means the Borrower’s central operating account or any successor account thereto.