Uncertificated Security definition

Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.
Uncertificated Security means a security that is not represented by a certificate.
Uncertificated Security. Has the meaning given to such term in Section 8-102(a)(18) of the New York UCC.

Examples of Uncertificated Security in a sentence

  • Customer means any individual, corporate partnership, proprietor, trust customer, shareholder or subscriber of an Investment Company which has a written agreement with the ASSURED authorizing the ASSURED to transfer Money on deposit in an account or Certificated Security or Uncertificated Security in reliance upon instructions transmitted to the ASSURED via telefacsimile, telephone or electronic mail to transmit the fraudulent instruction.

  • Instruction means a written order to the issuer of an Uncertificated Security requesting that the transfer, pledge or release from pledge of the specified Uncertificated Security be registered.ff.


More Definitions of Uncertificated Security

Uncertificated Security means a Security that is not represented by a certificate.
Uncertificated Security means a share, participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer, which is:
Uncertificated Security means an uncertificated security (as defined in Section 8-102(a)(18) of the UCC) other than a Government Security.
Uncertificated Security have the respective meanings set forth in Article 8 of the NYUCC.
Uncertificated Security has the meaning assigned thereto in Section 8-102 of Article 8 of the UCC.
Uncertificated Security shall have the meanings given such terms in Revised Article 8 (1994 Revision) of the UCC, and the terms "control" (with respect to deposit accounts) and "deposit account" shall have the meanings given such terms in Revised Article 9 (1998 Revision) of the UCC, and (ii) "control" of any Permitted Investment in any Investment Account by the Master Servicer or the Special Servicer shall constitute "control" by a Person designated by, and acting on behalf of, the Trustee and, in the case of any Investment Account solely related to a Serviced Loan Combination, the related Serviced Non-Trust Mortgage Loan Noteholder(s), for purposes of Revised Article 8 (1994 Revision) of the UCC or Revised Article 9 (1998 Revision) of the UCC, as applicable. If amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master Servicer (in the case of any Master Server Account), the Special Servicer (in the case of the REO Accounts) or the Trustee (in the case of any Trustee Account) shall:
Uncertificated Security means an uncertificated security as defined in the Securities Transfer Act, 2006; (“valeur mobilière sans certificat”)