Securities Account definition

Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

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Securities Account means the account for dematerialised securities maintained by the CSD pursuant to the Financial Instruments Accounts Act in which (i) an owner of such security is directly registered or (ii) an owner’s holding of securities is registered in the name of a nominee.

Securities Account means a securities account (as that term is defined in the Code).

Examples of Securities Account in a sentence

Together with the quarterly financial statements delivered in accordance with subsection (a) above, a copy of the most recent account statement, with transaction detail, for each Deposit Account or Securities Account of a Loan Party or any of its Subsidiaries, or within three (3) days, upon JGB Agent’s request, evidence satisfactory to JGB Agent of the balance maintained in any such Deposit Account or Securities Account.
All or a portion of the Cash Minimum may be held in the form of Bitcoin; provided, however, for purposes of determining the Borrowers’ compliance with this Section 6.12(a), Bitcoin shall be valued at 75% of the spot exchange rate to USD for Bitcoin (XBT:CUR) quoted by Bloomberg L.P. as of 8:00 a.m. (local time in New York City, New York) on each day; provided, further, that such Bitcoin must be held in a Securities Account Control Agreement.
The Company acknowledges that, by reason of the Loan Trustee being the “entitlement holder” in respect of the Securities Account as provided above, the Loan Trustee shall have the sole right and discretion, subject only to the terms of this Indenture, to give all “entitlement orders” (as defined in Section 8-102(a)(8) of the NY UCC) with respect to the Securities Account and any and all financial assets and other property credited thereto to the exclusion of the Company.
In the event that there are no Account Control Agreements or Securities Account Control Agreements in place, then the Cash Minimum shall be held in an account of JGB Agent.
If any Person asserts any Lien (including, without limitation, any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the Securities Account or any financial asset carried therein, WTC will promptly notify the Loan Trustee and the Company thereof.

More Definitions of Securities Account

Securities Account. The meaning specified in Section 8-501(a) of the UCC.

Securities Account has the meaning assigned to such term in the UCC.

Securities Account means a securities account (as that term is defined in the UCC).

Securities Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

Securities Account means an account to which a financial asset is or may be credited in accordance with an agreement under which the Person maintaining the account undertakes to treat the Person for whom the account is maintained as entitled to exercise the rights that comprise the financial asset.

Securities Account shall have the meaning set forth in Article 8 of the UCC.

Securities Account means any “securities account” as defined in Article 8 of the UCC and any “commodity account” as defined in Article 9 of the UCC.