Pass Through Account definition

Pass Through Account has the meaning given in Section 1.1(b).
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Pass Through Account means the Customer’s Pass Through Account (as such term is defined in the Code) with the Depository Bank, Account Number , and any and all renewals, extensions, and replacements thereof, and all interest paid thereon or credited thereto.
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Examples of Pass Through Account in a sentence

  • The Pass Through Account established under this Agreement is the same Pass Through Account referred to under the Other Agreements and will be used to hold Securities of the Lending Funds and the Other Funds.

  • Provider is a securities intermediary with respect to the Pass Through Account.

  • The Parties hereby expressly agree that all Securities credited to the Pass Through Account is to be treated as a financial asset under Article 8 of the UCC.

  • As custodian, Provider shall have general responsibility for the safekeeping of all such Property of each Lending Fund that is received and accepted by Provider for credit to the Pass Through Account.

  • At all times during the term of this Agreement, Provider shall furnish to BTC access to Provider’s then-existing online, electronic account reporting and information system with respect to the Pass Through Account.

  • Any cash, other than cash Collateral, received by or on behalf of Provider for the account of BTC, on behalf of a Lending Fund (including cash proceeds of Securities Loans and the securities credited to the Pass Through Account), will be deposited into one or more cash accounts maintained by Provider in New York (the “Other Cash Accounts”) in the name of BTC, on behalf of a Lending Fund, and will constitute a debt owing to BTC, on behalf of such Lending Fund, by Provider as banker.

  • Except as expressly provided herein (including, without limitation, the Standard of Care applicable to the Provider), BTC and each Lending Fund hereby acknowledge and assume all risks associated with the establishment of an account of the type of the Pass Through Account.