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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• The Borrower has not instructed the securities intermediary of any Account that is a Securities Account to comply with the entitlement order of any Person other than the Administrative Agent; provided that, until the Administrative Agent delivers a Notice of Exclusive Control, the Borrower and the Collateral Manager may cause cash in the Accounts that are Securities Accounts to be invested in Permitted Investments, and the proceeds thereof to be distributed in accordance with this Agreement.

• For avoidance of doubt, the Custodian shall not be required to credit or deposit Loans in the Securities Account but shall instead maintain a register (in book-entry form or in such other form as it shall deem necessary or desirable) of such Loans, containing such information as the Company and the Custodian may reasonably agree.

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

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

Securities Account has the meaning set forth in the Security Agreement.