Entitlement Order definition

Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

Entitlement Order. “Equipment”; “Financial Asset”; “Fixtures”; “Goods”, “Inventory”; “Letter-of-Credit Rights”; “Letters of Credit”; “Money”; “Payment Intangibles”; “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

Entitlement Order means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.

Examples of Entitlement Order in a sentence

• If at any time the Qualified Trustee shall receive an Entitlement Order as defined in UCC § 8-102(a)(8) issued by the Department or by the Administrator and relating to the Securities Account, the Qualified Trustee shall comply with such Entitlement Order without further consent by the Depository or any other person.

• The Collateral Agent agrees with the Loan Parties that it will not give or deliver any notice of exclusive control or similar notice or any Entitlement Order or other instruction, pursuant to any control agreement relating to Deposit Accounts, Securities Accounts or Commodities Accounts constituting Collateral or otherwise with respect to Collateral unless an Event of Default has occurred and is then continuing.

• In the event of a conflict between an Entitlement Order or instruction, as the case may be, of (a) the Borrower, on one hand, and (b) the Collateral Agent, on the other hand, the Entitlement Order or instruction of the Collateral Agent shall prevail.

• The Securities Intermediary shall have no duty to ascertain whether any instruction or Entitlement Order of the Fiscal Agent complies with any instruction of the Majority Holders or any other Claim Holder or whether any Claim Holder has given or has authority to instruct the Fiscal Agent with respect thereto.

• Until an Entitlement Order has been received by the Securities Intermediary, the Securities Intermediary may comply with written instructions (by standing instructions or otherwise) to invest funds on deposit in the Securities Account from time to time in Permitted Investments (as defined below) from either the Seller or the Servicer.

More Definitions of Entitlement Order

Entitlement Order means a notification directing the Securities Intermediary to transfer or redeem a financial asset.

Entitlement Order has the meaning ascribed to the term “entitlement order” in Article 8 of the UCC.

Entitlement Order. The meaning specified in Section 8-102(a)(8) of the New York UCC (i.e., generally, orders directing the transfer or redemption of any Financial Asset).

Entitlement Order has the meaning given to such term in the UCC.

Entitlement Order has the meaning set forth in Section 2.20(f).

Entitlement Order has the meaning assigned to such term in Section 8-102 of the New York UCC.

Entitlement Order has the meaning assigned thereto in Section 8-102(a)(8) of Article 8 of the UCC.