Secured Accounts definition

Secured Accounts has the meaning specified in Section 3(a).

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Secured Accounts means the Accounts, excluding the Excluded Unsecured Accounts.

Secured Accounts has the meaning given in Schedule A of the CSAA.

Examples of Secured Accounts in a sentence

The Securities Intermediary has identified the Pledgor as the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC) and the “account holder” (within the meaning of Article 1(1)(d) of the Hague Securities Convention) of such Secured Accounts and the property held therein.
In the event that the Securities Intermediary has or subsequently obtains by agreement, by operation of law or otherwise a security interest in any of the Secured Accounts, or any financial asset credited thereto, the Securities Intermediary hereby subordinates any such security interest therein to the security interest of the Secured Party in the Secured Accounts, in all property credited thereto and in all security entitlements with respect to such property.
The Pledgor is further required to report to the Securities Intermediary comparable information upon any change in the legal or beneficial ownership of the income allocable to the Secured Accounts.
For the avoidance of doubt, no funds shall be invested with respect to such Secured Accounts absent the Securities Intermediary having first received (x) instructions with respect to the investment of such funds, and (y) the forms and other documentation required by this paragraph.
For all U.S. federal tax reporting purposes, all income earned on the funds invested and allocable to the Secured Accounts is legally owned by the Pledgor (and beneficially owned by the Pledgor or the owners of such entity as documented in the IRS forms and other documentation described below).

More Definitions of Secured Accounts

Secured Accounts means with respect to a Class of Metal Securities, the Secured Allocated Account and the Secured Unallocated Account with respect to that Class and “Secured Account” shall be construed accordingly.

Secured Accounts has the meaning set forth in the Collateral Agreement.

Secured Accounts means credit card Accounts for which Client has established some form of reserve dollars directly allocated to each such Account which dollars are intended to be used by Client to offset losses incurred by Client on each such Account and which Accounts are grouped into a specified agent number or principal number (as “agent” and “principal” are defined by FDR) on the System, which group is of sufficient size to warrant special identification for processing, servicing, and/or pricing. Such reserve dollars include but are not limited to security deposits and/or special fees paid by Cardholder.

Secured Accounts. The meaning specified in Section 4.1(c).

Secured Accounts means, collectively, the Collection Account, any Operating Account and any other account listed in Schedule VII from time to time, and “Secured Account” shall mean any of such accounts as the context may require.

Secured Accounts bank accounts of the Client used solely for incoming payments on Receivables for which security (pledge or assignment of claims against the account-holding bank) has been provided in favour of the Factor after revocation of the Balance Reconciliation System in accordance with a separate agreement and to which no third-party rights exist.

Secured Accounts means, collectively, the Principal Collection Account, the Interest Collection Account, the Operating Account, and any securities accounts opened in compliance with Section 5.02(o).