Wells Securities means Wells Fargo Securities, LLC.
Examples of Wells Securities in a sentence
Any master repurchase agreement (including all annexes attached thereto) between the parties (including any predecessor of Wells Securities whose obligations have been assumed pursuant to any merger or other combination) to this Agreement (each a Prior Agreement) is hereby amended and restated in its entirety in the form of this Agreement (including all annexes attached hereto).
Pursuant to paragraph 1 of the Agreement, Wells Securities and Counterparty agree to be governed by the following supplemental terms and conditions.
Cross Default Threshold means, with respect to Wells Securities, an amount (including its equivalent in another currency) equal to 3% of the Shareholders Equity of Wells Fargo & Co. (WFC), and with respect to Counterparty, the lower of $10,000,000 or 3% of its Net Asset Value, provided that for any Specified Indebtedness payable by Counterparty to Wells Securities or to any of Wells Securities Affiliates, Cross Default Threshold means any amount of such Specified Indebtedness.