Safekeeping definition

Safekeeping means the preservation of records.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Safekeeping means protecting property, assets, or persons through a physical presence to detect and deter illegal actions, inappropriate actions, violations of the property’s or premise’s rules or code of conduct, or unsafe conditions; including but not limited to theft, damage, harm, or risk of injury to such persons or property, as applicable.

Safekeeping is covered by LPML. This means the lease of safe boxes or deposit boxes for the purpose of keeping money, securities, valuables and other movable property for clients. At the time of the evaluation visit, only 9 banks performed safekeeping activities.

Examples of Safekeeping in a sentence

• No amounts distributable to the Class HRR Certificates shall be remitted to the Third Party Purchaser Safekeeping Account, but shall be remitted directly to (or otherwise at the direction of) the Holder of the Class HRR Certificates in accordance with written instructions (which shall be in the form of Exhibit J-1 to this Agreement) provided separately by the Holder of the Class HRR Certificates to the Certificate Administrator.

• Safekeeping and administration of the Financial Instruments for the Client’s Trading Account, including custodianship and related services such as cash/collateral management.

• There shall be, and hereby is, established by the Certificate Administrator an account which will be designated the “Third Party Purchaser Safekeeping Account” and into which the Class HRR Certificates shall be held and which shall be governed by and subject to this Agreement.

• The Certificate Administrator shall make available electronically to the Holder of the Class HRR Certificates a statement of Third Party Purchaser Safekeeping Account as mutually agreed upon by the Certificate Administrator and the Holder of the Class HRR Certificates, and in accordance with the Certificate Administrator’s policies and procedures.

• In addition, on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the Third Party Purchaser Safekeeping Account for the Holder of the Class HRR Certificates.

More Definitions of Safekeeping

Safekeeping means an ARD shall ensure that no damage or loss of property occurs to a customer’s vehicle while in the ARD’s possession.

Safekeeping. The Collateral Agent agrees to (i) maintain the Collateral (other than Spread Account Permitted Investments) received by it and all records and documents relating thereto at the office of the Collateral Agent specified in Section 8.06 hereof or such other address within the State of Illinois (unless all filings have been made to continue the perfection of the security interest in the Collateral to the extent such security interest can be perfected by filing a financing statement, as evidenced by an Opinion of Counsel delivered to the Controlling Party, as may be approved by the Controlling Party and (ii) take Delivery of and maintain the Spread Account Permitted Investments and all records and documents relating thereto at its offices within the State of New York. The Collateral Agent shall keep all Collateral and related documentation in its possession separate and apart from all other property that it is holding in its possession and from its own general assets and shall maintain accurate records pertaining to the Spread Account Permitted Investments and Spread Accounts included in the Collateral in such a manner as shall enable the Collateral Agent and the Secured Parties to verify the accuracy of such record-keeping. The Collateral Agent's books and records shall at all times show that the Collateral is held by the Collateral Agent as agent of the Secured Parties and is not the property of the Collateral Agent. The Collateral Agent will promptly report to each Secured Party and the Transferor any failure on its part to hold the Collateral as provided in this Section 2.06(a) and will promptly take appropriate action to remedy any such failure.

Safekeeping. Any Investment Products held by the Company or any of its Affiliates for safekeeping pursuant to the Agreement may, at the Company's discretion and subject to Applicable Regulations: (a) (in the case of registrable Investment Products) be registered in the name of the Client or in the name of the Company or the Company's nominee, and in respect of the Securities, held in the Client’s favour; or (b) be deposited in safe custody in a Segregated Account which is designated as a trust account and maintained in the relevant Market by the Company with the Company's Affiliate or any other institution which is qualified to provide facilities for the safe custody of Investment Products and documents relating thereto; and in either case, shall not form part of the assets of the Company for insolvency or winding-up purposes but shall be returned to the Client promptly upon the appointment of a provisional liquidator, liquidator or similar officer over all or any part of the business or assets of the Company.

Safekeeping. (“Úschova”) means separate safekeeping of a certificated Security; if the Dealer uses the

Safekeeping. The Customer must ensure that during the Hire Period the Plant is stored safely and securely and is protected from theft, seizure or damage.

Safekeeping means the holding of securities by a qualified financial institution on behalf of the investor.

Safekeeping means the service of keeping the original Customer Card safe by the Operator, as further described in Article 6 of these Terms and Conditions.