Security Account definition

Security Account. “Software”, and “Supporting Obligations”.
Security Account means (i) a reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings, or dividends earned or declared on a security in an account, a reinvestment account, or a brokerage account, whether or not credited to the account before the owner's death, or (ii) a cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death.
Security Account. “Software”, “Supporting Obligations” and “Uncertificated Securities”.

Examples of Security Account in a sentence

  • Without limiting in any way the provisions of Section 9.2(q), the Loan Parties undertake and agree that any funds, Permitted Cash Investments, cash or Equity Interests deposited or held in a Deposit Account or a Security Account not subject to a Control Agreement shall be transferred to a Deposit Account or a Security Account subject to a Control Agreement on no less than a weekly basis.


More Definitions of Security Account

Security Account means any of the following:
Security Account means (i) a reinvestment account associated with a
Security Account. As defined in the MLCC Servicing Agreement.
Security Account means such account as opened by the Security Trustee in its name at any bank as chosen by the Security Trustee, to which account payments from Borrowers and any other relevant debtor shall be directed upon notification as referred to in Clause 6.3 of the Security Trustee Receivables Pledge Agreement and/or the withdrawal of power to collect pursuant to Clause 6.2 of the Security Trustee Rights Pledge Agreement.
Security Account means an interest-bearing account with a Licensed Bank.
Security Account shall have the meaning set forth in Section 5(d) below.
Security Account means a “Security Account” as such term is defined in accordance with the UCC in effect in the State of New York from time to time.