Ineligible Securities definition

Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

Ineligible Securities has the meaning specified in Section 7.07(b).

Ineligible Securities means securities having zero Margin Ratio as determined by the Bank at any relevant time;

Examples of Ineligible Securities in a sentence

• Except for Ineligible Securities (as described below), FutureAdvisor, in its sole discretion, will determine whether to hold or sell Legacy Securities, generally, but not solely, with the goal of optimizing tax impacts for Accounts that are subject to tax.

• LPL’s instruction to FutureAdvisor to liquidate Ineligible Securities does not take into consideration tax impacts for Accounts that are subject to tax, and may have adverse tax consequences for Client.

• LPL instructs FutureAdvisor to liquidate any Ineligible Securities as soon as commercially practicable.

• If Client transfers Legacy Securities into the Account, FutureAdvisor will not accept investment authority over the Legacy Securities prior to determining whether any are Ineligible Securities, which may take up to four business days after the Account is funded with Legacy Securities.

• Account assets include cash and securities locked by you but exclude Ineligible Securities.

More Definitions of Ineligible Securities

Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

Ineligible Securities means securities which may not be underwritten

Ineligible Securities has the meaning specified in subsection --------------------- 7.03(b).

Ineligible Securities means any obligations, securities, certificates or instruments that (i) are denominated in a currency other than U.S. Dollars, (ii) are issued other than in Federal Reserve book entry form, or (iii) constitute or include structured notes or other structured debt instruments, real estate mortgage investment conduits, collateralized mortgage obligations, guaranteed mortgage certificates, interest-only securities, principal-only securities or any securities representing interests in, or are composed in whole or in part of, residual or high risk mortgage derivatives or other derivatives.

Ineligible Securities is defined in SECTION 10.2 of this Agreement.

Ineligible Securities means, at a particular time, any Securities that (i) are assets in diversified investment funds, (ii) are not traded over the counter on pink sheets (other than as a result of being listed on NASDAQ or NYSE), (iii) have a market value of $10 or less per share, (iv) are registered in survivorship form when one or more of the registered owners is deceased, (v) are registered under the Uniform Gifts to Minor Acts, (vi) are registered in “street” form, (vii) are Rule 144 Restricted or Control securities, (viii) are Securities of a foreign corporation (excluding American Depository Receipts), (ix) are Small Business Investment Company stock, (x) are safekeeping receipts from banks in lieu of actual securities, (xi) are held in retirement accounts, or

Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. § 24, Seventh), as amended. SCHEDULE A TO EXHIBIT B APPROVED COLLATERAL Approved Collateral Types Borrowing Base Percentage U.S. Government Obligations 100 % U.S. Agency Obligations 100 % Treasury Portfolio at AIM Fund 100 % Treasury Obligations Fund at Federated 100 % EXHIBIT I [Reserved.] EXHIBIT J FORM OF PERFECTION CERTIFICATE [To be delivered on the Acquisition Closing Date, in form and substance approved by the Administrative Agent ] EXHIBIT K FORM OF PERFECTION CERTIFICATE SUPPLEMENT [To be delivered on the Acquisition Closing Date, in form and substance approved by the Administrative Agent ] EXHIBIT L-1 OPINION MATTERS — COUNSEL TO THE LOAN PARTIES