Examples of Securities Entitlement in a sentence
Notes presented and surrendered by a Noteholder shall be aggregated for the purpose of determining the aggregate Securities Entitlement of that Noteholder.
A security interest in the Securities Entitlement of a Participant in favor of a Federal Reserve Bank that is not marked on the books of the Federal Reserve Bank is governed by the law of the state in which the head office of the Federal Reserve Bank is located.
If the Cash Entitlement is not enough to discharge the Delivery Expenses then some or all of the Securities comprised in the Securities Entitlement will be sold to meet the shortfall.
With respect to any Collateral consisting of a Deposit Account, Securities Entitlement or held in a Securities Account, upon execution and delivery by the applicable Obligor, the applicable Securities Intermediary and the Administrative Agent of an agreement granting control to the Administrative Agent over such Collateral, the Administrative Agent shall have a valid and perfected, first priority security interest in such Collateral.
Section 357.12(a) provides that a Participant’s Securities Entitlement is cre- ated when a Federal Reserve Bank indicates by book entry that a Book-entry Security has been credited to a Participant’s Securi- ties Account.