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.

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

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.

Examples of Securities Account in a sentence

• Subject to restrictions under Applicable Law, Bank also will obtain an undertaking to permit Customer’s independent public accountants reasonable access to the records of any Subcustodian of Securities held in the Securities Account as may be required in connection with such examination.

• The Borrower shall, on or prior to the Closing Date, establish at the Accounts Securities Intermediary a USD-denominated segregated trust account in the “New Mountain Guardian III SPV, L.L.C., subject to the lien of Western Alliance Trust Company, N.A., as Collateral Agent on behalf of the Secured Parties”, which shall together be designated as the Unfunded Reserve Account, which shall be held by the Accounts Securities Intermediary in accordance with the Securities Account Control Agreement.

• The Borrower shall, on or prior to the Closing Date, establish at the Accounts Securities Intermediary a segregated trust account in the name “New Mountain Guardian III SPV, L.L.C., subject to the lien of Western Alliance Trust Company, N.A., as Collateral Agent on behalf of the Secured Parties”, which shall be designated as the Payment Account, which shall be held by the Accounts Securities Intermediary in accordance with the Securities Account Control Agreement.

• Set forth on Schedule 5.15 to the Information Certificate (which shall be updated promptly upon opening a Deposit Account and/or Securities Account) is a listing of all of the Deposit Accounts and Securities Accounts of each Loan Party and each of its Subsidiaries, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

• The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall have the following meanings: “Accounts Securities Intermediary” means the person acting as Securities Intermediary under the Securities Account Control Agreement.

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.