Pledge Account definition

Pledge Account means an account established with the Trustee pursuant to the terms of the Pledge Agreement for the deposit of the Pledged Securities purchased by the Company with a portion of the proceeds from the sale of the Notes.

Pledge Account. With respect to a Pledged Asset Mortgage Loan, an account that is managed by the Pledge Holder to secure a Letter of Credit.

Pledge Account means an account established by the Trustee pursuant to the terms of the Pledge Agreement for the deposit of the Pledged Securities purchased by the Company with a portion of the proceeds from the sale of the Notes.

Examples of Pledge Account in a sentence

• The parties agree and acknowledge that the Borrower shall return the Loaned Securities to the Lender’s Pledge Account within 12 months, and shall be entitled to borrow Securities as contemplated in the Pledge Agreement, in accordance with clause 5 above.

• The Pledged Securities shall be pledged by the Company to the Trustee for the benefit of the Holders and shall be held by the Trustee in the Pledge Account pending disposition pursuant to the Pledge Agreement.

• In terms of the Pledge Agreement the Borrower is entitled to, at the Borrower’s sole discretion, to procure securities from the Pledge Account in pursuance of a securities loan as contemplated herein.

• Upon receipt of an Issuer Order, the Trustee will direct the Pledged Securities Intermediary to release funds from (and to the extent of) proceeds of the Pledged Securities in the Pledge Account in an amount sufficient to provide for the payment in full of such interest then due on the Notes, as instructed in such Issuer Order, and to transfer such funds to the Holders of the Notes in accordance with the payment provisions of the Indenture.

• The Customer undertakes not to transfer any funds from the Pledge Account during the Term.

More Definitions of Pledge Account

Pledge Account means an account established by the Trustee pursuant to the terms of the Pledge Agreement for the deposit of the Pledged Securities purchased by the Company with a portion of the proceeds from the sale of the Securities.

Pledge Account has the meaning specified in the Pledge Agreement.

Pledge Account means an account held at the Sponsor and opened in the name of the Trustees in respect of each issue of an Equity Structured Product in which Holder Underlying Securities, not being Loaned Securities, will be held, and which account shall be noted by the Sponsor as pledged and ceded in accordance with the Pledge;

Pledge Account means the pledge account established pursuant to Section 2.2.

Pledge Account means a Memo Account to reflect deliveries of Securities and funds that have been Pledged by the Participant to another Participant and are held by CDS for that pledgee Participant.

Pledge Account of a Series means a custody account of the Trust acting for such Series, which is maintained at Bank pursuant to the Custody Agreement and is marked to show that the assets recorded therein are pledged to Bank pursuant to this Agreement.

Pledge Account means that certain segregated account provided for under the Pledge Agreement.