Entitlement Order definition

Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

Entitlement Order. “Equipment”; “Financial Asset”; “Fixtures”; “Goods”, “Inventory”; “Letter-of-Credit Rights”; “Letters of Credit”; “Money”; “Payment Intangibles”; “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

Entitlement Order means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.

Examples of Entitlement Order in a sentence

• If no such written Entitlement Order has been given to Securities Intermediary, such amounts will be invested in accordance with the last provided instruction or if no such instruction was provided shall remain uninvested.

• The Securities Intermediary shall have no obligation to transfer or redeem the financial assets credited to the Securities Accounts, and shall be fully protected in refraining from making any such transfer or redemption in the absence of such Entitlement Orders, or prior to the receipt of any Entitlement Order.

• If at any time the Securities Intermediary shall receive any Entitlement Order from the Secured Party with respect to the Reserve Account, the Securities Intermediary shall comply with such Entitlement Order without further consent by the Issuing Entity, the Secured Party or any other Person.

• If at any time the Securities Intermediary shall receive any Entitlement Order from the Secured Party with respect to an Account, the Securities Intermediary shall comply with such Entitlement Order without further consent by the Issuer or any other Person.

• Entitlement Order: The meaning specified in Section 8-102(a)(8) of the UCC.

More Definitions of Entitlement Order

Entitlement Order means a notification directing the Securities Intermediary to transfer or redeem a financial asset.

Entitlement Order. The meaning specified in Section 8-102(a)(8) of the New York UCC (i.e., generally, orders directing the transfer or redemption of any Financial Asset).

Entitlement Order has the meaning ascribed to the term “entitlement order” in Article 8 of the UCC.

Entitlement Order has the meaning given to such term in the UCC.

Entitlement Order has the meaning set forth in Section 2.20(f).

Entitlement Order has the meaning assigned to such term in Section 8-102 of the New York UCC.

Entitlement Order has the meaning assigned thereto in Section 8-102(a)(8) of Article 8 of the UCC.