Securities Intermediary definition

Securities Intermediary. The meaning specified in Section 8-102(a)(14) of the UCC.
Securities Intermediary means Bank, a Subcustodian, a Securities Depository, and any other financial institution which in the ordinary course of business maintains custody accounts for others and acts in that capacity.
Securities Intermediary means a clearing corporation or a Person, including, without limitation, a bank or broker, that in the ordinary course of its business maintains Securities Accounts for others and is acting in that capacity.

Examples of Securities Intermediary in a sentence

  • All payments of amounts due and payable in respect of the Aggregate Unpaids that are to be made from amounts withdrawn from the Collection Account or the Reserve Account shall be made on behalf of the Borrower by the Securities Intermediary in accordance with Section 2.08.

  • The Securities Intermediary has established the Accounts at the Account Bank.

  • The Borrower will be required to pay all reasonable fees and expenses owing to the Securities Intermediary in connection with the maintenance of the Accounts for its own account and shall not be entitled to any payment therefor.

  • Following the Facility Termination Date, the Securities Intermediary shall terminate the Accounts.

  • The parties hereto acknowledge the existence of the Intercreditor Agreement and that certain rights of the parties (other than the Securities Intermediary and the Backup Servicer (other than if it becomes the Successor Servicer)) may be subject to the provisions thereof.


More Definitions of Securities Intermediary

Securities Intermediary means U.S. Bank National Association, a national banking association, solely in the capacity of a “securities intermediary” as defined in the NY UCC and Federal Book-Entry Regulations or any successor securities intermediary under the Indenture.
Securities Intermediary has the meaning specified in the first paragraph of this Agreement.
Securities Intermediary means The Bank of New York Mellon, a New York banking corporation, solely in the capacity of a “securities intermediary” as defined in the NY UCC and Federal Book-Entry Regulations or any successor securities intermediary under the Indenture.
Securities Intermediary. As defined in Section 5.01(b)(i) of the Servicing Agreement.
Securities Intermediary means U.S. Bank National Association.
Securities Intermediary has the meaning set forth in the preamble.
Securities Intermediary. Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”