A Compulsory Depository definition

A Compulsory Depository means a Foreign Securities Depository or clearing agency the use of which is compulsory because: (1) its use is required by law or regulation, (2) securities cannot be withdrawn from the depository, or (3) maintaining securities outside the depository is not consistent with prevailing custodial practices in the country which the depository serves. Compulsory Depositories used by Chase as of the date hereof are set forth in Appendix 1-A hereto, and as the same may be amended on notice to Fund from time to time.
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A Compulsory Depository means a securities depository or clearing agency the use of which is compulsory because: (1) its use is required by law or regulation, (2) securities cannot be withdrawn from the depository, or (3) maintaining securities outside the depository is not consistent with prevailing custodial practices in the country which the depository serves. For each Compulsory Depository used or intended to be used by Fund of which Bank is advised, Bank shall provide Fund from time to time with information addressing the factors set forth in SEC Rule 17f-5(c)(1) to the extent reasonably available to Bank, together with Bank's analysis of the same (an example of which is set forth in Appendix 1-C hereto) to assist Fund in determining the appropriateness of placing Assets therein. Compulsory Depositories used by Bank as of the date hereof are set forth in Appendix 1-A hereto, and as the same may be amended on notice to Fund from time to time.
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A Compulsory Depository means an eligible foreign custodian: (a) the use of which is mandatory because (1 ) its use is required by law or regulation, (2) securities cannot be withdrawn from the depository, or (3) maintaining securities outside the depository is not consistent with prevailing custodial practices.
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Examples of A Compulsory Depository in a sentence

  • A Compulsory Depository shall mean a securities depository or clearing agency the use of which is compulsory because: (1) its use is required by law or regulation, (2) securities cannot be withdrawn from the depository, or (3) maintaining securities outside the depository is not consistent with prevailing custodial practices in the country which the depository serves.


More Definitions of A Compulsory Depository

A Compulsory Depository means a foreign securities depository or clearing agency the use of which is compulsory because: (i) its use is required by law or regulation, (ii) securities cannot be withdrawn from the depository, or (iii) maintaining securities outside the depository is not consistent with prevailing custodial practices in the country which the depository serves. Compulsory Depositories used by you as of the date hereof are set forth in Schedule C hereto, and as the same may be amended on notice to us from time to time.
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A Compulsory Depository means a non-U.S. securities depository or clearing agency the use of which is mandatory (x) by law or regulation (y) because securities cannot be withdrawn from the depository or clearing agency or (z) because maintaining securities outside the securities depository or clearing agency is not consistent with prevailing local custodial practices.
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Related to A Compulsory Depository

  • Compulsory License means a compulsory license under the Licensed Patents obtained by a Third Party through the order, decree, or grant of a governmental authority of competent jurisdiction, authorizing such Third Party to manufacture, use, sell, offer for sale or import a Competitive Product in one or more countries within the Territory.

  • Subcustodian means a bank (including any branch thereof) or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by Custodian in connection with the purchase, sale or custody of Securities hereunder and identified to the Fund from time to time, and their respective successors and nominees.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Clearing Rules means SGX-DC Clearing Rules as amended or supplemented from time to time;

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • AFFILIATED SUBCUSTODIAN means a Subcustodian that is an Affiliate.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Common Depository has the meaning specified in Section 304(b).

  • Registered Account means a yen account maintained by the payee with a bank in Japan, details of which appear on the Register at the close of business on the sixth Transfer Business Day before the due date of payment.

  • Administration Account As defined in Section 7.02.

  • Compulsory arbitration means the procedure whereby parties involved in a labor dispute

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • Global Registered Receipts means a global registered Receipt registered in the name of a nominee of DTC.