Direct Account Holder definition

Direct Account Holder means a person who has a securities account directly with the Depository or with a clearing house (as the case may be) and not through a Depository Agent.
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Direct Account Holder means the holder of a direct securities account maintained with the Depository and not through a Depository Agent
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Direct Account Holder means a person who has a securities account directly with
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Examples of Direct Account Holder in a sentence

  • You should note that if CDP does not receive your duly completed Voting Instruction Form by the Voting Closure Date, or if your Voting Instruction Form has not been duly completed or is invalid for any reason, CDP will not vote or take any action in respect of your Shares at the Company’s Meeting.5. For a Direct Account Holder, you shall indicate clearly whether you wish to vote “For” or “Against” or “Abstain” the resolutions to be proposed at the Company’s Meeting.

  • The Direct Account Holder shall be responsible for the authenticity of signatures, documents, certificates, endorsements, genuineness and validity of instructions, sufficiency of provision of Securities in the Account and proper authority.

  • An Account Holder who wishes to transfer Securities from his Account to a Linked Account with another Participant shall give a completed Transfer Request Form as specified in Form 14 to his Participant or to CDBL if he is a Direct Account Holder.

  • In the case of errors, the Direct Account Holder shall cooperate with CDBL in effecting the necessary corrections.

  • Neither CD nor any of its employees or agents shall be liable for any loss or damage that may be suffered or sustained by the Direct Account Holder due to any negligence, inaction, fraud or failure to fulfill any legal obligation by any Depository Participant, Broker, Issuer or any other Account Holder.

  • Notes :Part III 1) A Direct Account Holder or a Depository Agent may appoint not more than two proxies who shall be natural persons to attend and vote in his or its place as proxy for CDP in respect of his or its shareholdings by completing Part III(a) and/or (b).

  • An Account Holder who wishes to transfer Securities from his Account to a Linked Account with another Participant shall give a completed Transfer Request Form as specified in Form 12 to his Depository Participant or to CD if he is a Direct Account Holder.

  • The Direct Account Holder shall indemnify CD for any losses, damages, costs or expenses that may be suffered, incurred or sustained by CD as a result of any inaccuracy or misstatement contained in the CD Account Opening Form, a Transaction Instruction Form or any other document, form, instruction or communication, as referred to above, submitted by the Account Holder to CD.

  • All cost and expenses, including legal costs, on attorney-client basis, incurred by CD in connection with the enforcement of any of its rights to resolve any dispute relating to a Direct Account shall be payable by the Direct Account Holder to CD on a full indemnity basis.

  • Harris et al, Compensation And Support For Illness And Injury (Oxford: Clarendon Press, 1984) 91.

Related to Direct Account Holder

  • Account Holder The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

  • Joint Account Holder means a person in whose name a Joint Account is maintained;

  • Direct Account : means any Account which is not an ISA Account.

  • Eligible Account Holder means any Person holding a Qualifying Deposit on the Eligibility Record Date for purposes of determining Subscription Rights and establishing subaccount balances in the liquidation account to be established pursuant to Section 15 hereof.

  • Relevant Account Holder means any account holder with the Relevant Clearing System which has Underlying Notes (as defined in the definition of “Global Bearer Note”) credited to its securities account from time to time;

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • 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.

  • Note Account As defined in the Indenture.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).