Identified Securities definition
Examples of Identified Securities in a sentence
In every twenty- one (21) day period or in every twenty-eight (28) day period such an employee shall be granted days of rest on such days as are not scheduled as a normal work day for him.
Custodian agrees that it is acting as a securities intermediary, as defined in Section 8-102 of the UCC with respect to the Collateral in the Securities Account, except Identified Securities.
The value of the applicable collateral requirement shall be determined by the Trustee in accordance with the Trust Agreement (as defined in the AP Agreement), and the value of any Collateral may be discounted by the Trustee (including to zero) to the extent it consists of non-cash assets (including Identified Securities, as hereinafter defined) not readily capable of being liquidated or transferred by State Street in connection with creations and redemptions of iShares (as defined in the AP Agreement).
The parties acknowledge and agree that if any Identified Securities are received by the Custodian and credited to the Securities Account from time to time, such Identified Securities shall (so long as so credited to the Securities Account and so long as this Agreement remains in effect) be held by Custodian for the benefit of the Agent, not in its capacity as a securities intermediary, but in its capacity as a collateral agent under and subject to the terms of this Agreement.
Other than Identified Securities (as defined below), the Custodian is holding such securities and other assets, other than cash, as a “securities intermediary” within the meaning of Section 8-102(a) of the UCC.
Each party hereto agrees that (i) the Securities Account constitutes a "securities account" within the meaning of Article 8 of the UCC, and (ii) all property now or hereafter held, credited or carried by, in or to the credit of Securities Account (other than "Identified Securities", as defined in Section 5(vi), and cash) shall be treated as "financial assets" within the meaning of UCC Section 8-102(a)(9).
Such Identified Securities will be deposited in the related Trust's portfolio (the "Portfolio Securities"); provided, however, that ▇▇▇ ▇▇▇▇▇▇ reserves the right to modify the initial Portfolio Securities based upon all information available to it, including, among other factors, market capitalization and liquidity considerations, subject to the prior approval of Stanford, which approval will not be unreasonably withheld.
The parties further acknowledge and agree that any such Identified Securities received by the Custodian and credited to the Collateral Account from time to time shall (so long as so credited to the Collateral Account and so long as this Agreement remains in effect) be held by the Custodian for the benefit of Party A, not in its capacity as a “securities intermediary” (as defined in the UCC), but in its capacity as a collateral agent under and subject to the terms of this Agreement.
Such Identified Securities will be deposited in the ▇▇▇▇▇ & STEERS UIT(s)' portfolios (the "Portfolio Securities"); provided, however, that ▇▇▇ ▇▇▇▇▇▇ reserves the right to modify the initial Portfolio Securities based upon all information available to it, including, among other factors, market capitalization and liquidity considerations, subject to the prior approval of C&S, which approval will not be unreasonably withheld.
The Custodian will credit to the Collateral Account any assets delivered to it by any Company pursuant to the Custodian Agreement except that Loan Documents and Identified Securities (as each such term is defined below) delivered to the Custodian shall be held by the Custodian upon the terms of Section 5.