DP Account definition

DP Account means the depository account opened, maintained and/or operated by the Portfolio Manager or the Custodian in the name of the Client or with any depository or depository participant registered with SEBI.
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DP Account means the depository account opened/maintained
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DP Account means one or more demat accounts opened, maintained, and operated by the Portfolio Manager in the name of the Client or a pool demat account in the name of the Portfolio Manager to keep the securities of all clients, where the securities of each of the Clients would be separately identified for the purpose of the Portfolio Management Services.
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Examples of DP Account in a sentence

  • The Sponsor shall, within seven (7) Business Days of this Agreement, furnish to the Facility Agent, all information relating to the Sponsor’s DP Account, and in the event of any change in the information so provided, the Sponsor shall promptly, and in any event no later than three (3) Business Days of such change, provide details of such change to the Facility Agent.

  • Borrower/Security Provider agrees and acknowledges that if so required by the Lender, the Security shall also include a charge over the Borrower’s Depository Participant Account or any other Depository Participant (DP) Account in which the relevant Securities are deposited/pledged/lien marked and the Borrower/Security Provider shall do all actions and execute all such documents and make all such fillings as may be required to create and perfect such Security Interest.

  • During the continuance of the pledge/lien over the Security, the Borrower/Security Provider as the beneficial owner(s) shall not close his DP Account and/or Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) mentioned in the Agreement with the Depository Participant except with the prior written consent of the Lender.

  • In the event the aforementioned condition of transfer is not attracted, all Purchaser Escrow Shares shall forthwith stand released from the Share Escrow Account and be credited to the Purchaser DP Account.


More Definitions of DP Account

DP Account means the depository account opened/maintained 11. Heading, sub-heading and bold type faced are only for convenience and
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DP Account means an account that may be opened by the CLIENT with designated DP pursuant to this Rights and Obligations.
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DP Account means a depository account opened in the name of the Borrower/Security Provider with any designated depository participant or other depository participant approved by the Lender, in pursuance of this Agreement, for holding the Security or the Securities details whereof are specified in Schedule of Terms of this Agreement.
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DP Account means a beneficial owner account that has been opened / may be opened by the Obligor with a DP.
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Related to DP Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Matching Contribution Account means the portion of a Participant’s Account attributable to Matching Contributions and Earnings thereon.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.