Entitlement Orders definition

Entitlement Orders has the meaning specified in Section 8-102(a)(8) of the UCC.

Entitlement Orders. The Securities Intermediary agrees to comply with any "entitlement order" (as defined in Section 8-102 of the UCC) originated by the Secured Party and relating to the Account or any financial asset credited thereto without further consent by the Lien Grantor or any other person. The Lien Grantor consents to the foregoing agreement by the Securities Intermediary. Choice of Law. This Agreement shall be construed in accordance with and governed by the laws of the State of New York. The State of New York shall be deemed to be the securities intermediary's jurisdiction with respect to the Account, all financial assets credited thereto and all security entitlements in respect thereof for purposes of the UCC (including, without limitation, Section 8-110 thereof).

Entitlement Orders shall have the meaning given that term in the UCC.

Examples of Entitlement Orders in a sentence

• Securities Intermediary agrees that, except as expressly provided in this Agreement (including Sections 4(b)) or with the written consent of Secured Party, it shall not agree to or acknowledge (i) any right by any Person other than Secured Party to originate Entitlement Orders or control with respect to the Reserve Account; or (ii) any limitation on the right of Secured Party to originate Entitlement Orders with respect to or direct the transfer of any Investments or cash credited to the Reserve Account.

• During any Suspension Period and at any time after the occurrence of an Event of Default that results in the acceleration of the Notes which has not been rescinded under the Indenture, Pledgor’s right to direct such investments under this Section 4(b) shall be suspended, and Securities Intermediary shall not accept Entitlement Orders with respect to the Reserve Account from any person other than Secured Party; and any credit balances shall be invested and reinvested only as provided in Section 4(c).

• 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.

• The Collateral Agent agrees with each Pledgor that the Collateral Agent shall not give any Entitlement Orders or instructions or directions to any issuer of uncertificated securities, Securities Intermediary or Commodity Intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by such Pledgor, unless an Event of Default has occurred and is continuing or, after giving effect to any such investment and withdrawal rights, would occur.

• If at any time the Secured Party notifies the Securities Intermediary in writing that the lien of the Indenture has been released, the Securities Intermediary shall thereafter comply with Entitlement Orders with respect to such Account from the Issuer without further consent by the Issuer or any other Person.

More Definitions of Entitlement Orders

Entitlement Orders has the meaning specified in Section 8-102(a)(8) of the Code.

Entitlement Orders shall have the meaning set forth in Section 3.3(h) hereof.

Entitlement Orders. Financial Assets", "Investment Property", "Securities Account" and "Securities Entitlement" have the meanings specified therefor in Uniform Commercial Code - Investment Securities, 1997 N.Y. Laws Ch. 566.

Entitlement Orders shall have the meaning given that term in the STA.

Entitlement Orders has the meaning set forth in Section 8-102 of the 1994 Official Text of the Uniform Commercial Code.

Entitlement Orders has the meaning set forth in Section Three of the ------------------ Securities Account Control Agreement.

Entitlement Orders herein shall include the respective meanings given such terms in Article 8 of such Code.]