Security Cessionary definition

Security Cessionary means the person or institution who may be entitled to the Contract proceeds of this Contract after You cede Your rights. This person holds the Contract as security for Your obligations to them. The Security Cessionary does not replace the Contract Holder.
Sample 1Sample 2Sample 3
Security Cessionary means the person or institution who is the beneficiary of the proceeds of the Contract pursuant to a Security Cession. This person holds the Contract as security for Your obligations owed to them. The Security Cessionary does not replace the Contract Holder.
Sample 1Sample 2
Security Cessionary is the person or institution who may be entitled to the proceeds of the Contract after You cede your rights. The Contract will be held as security against an obligation however the cessionary does not replace the Contract Holder.
Sample 1

Examples of Security Cessionary in a sentence

  • Written confirmation signed by the Contract Holder specifying the cession and details of the Security Cessionary must be provided to the Administrator.

  • The Security Cession may be cancelled once the Administrator has been notified in writing by the Security Cessionary.

  • The Administrator requires written authority from the Security Cessionary in the event that the Investor requires a switch and/or a withdrawal.

  • The Administrator requires written authority from the Security Cessionary in the event that the Investor requires a switch and/ or surrender.

  • The German Federal Armed Forces will provide doctors for all scheduled competitions.

  • The rights of a Security Cessionary, as agreed between you and the Cessionary, have preference over any rights of your nominated beneficiaries, as long as the Security Cession is noted in the Administrator’s records.

  • Security Cession An agreement where you provide the policy as security for your obligation to the Security Cessionary.

  • Written confirmation signed by the Investor specifying the cession and details of the Security Cessionary must be provided to the Administrator.

  • If this form is not dated, Old Mutual Isle of Man will not be able to process the instruction.If the Contract is under Security Cession, the Security Cessionary or Authorised Signatory must sign and date this request in the boxes included below.

  • Security Cessionary The person or institution who is entitled to the policy proceeds after you cede your rights.

Related to Security Cessionary

  • Security Certificate Has the meaning given such term in Section 8-102(a)(16) of the New York UCC.

  • Security freeze means a notice placed in a credit report, at the

  • Security Control means a safeguard or countermeasure prescribed for an information system or an organization designed to protect the confidentiality, integrity, and availability of its information and to meet a set of defined security requirements.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Security Credentials means the personalised security features we require you to use now or in future to

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Clearance means that level of security clearance required by the City or its police department for Contractor personnel accessing the information or premises required to be accessed in order to perform the Work under this Contract;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction entered into in the ordinary course of business.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Document of title means a record that in the regular course of business or financing is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold, and dispose of the record and the goods the record covers and that purports to be issued by or addressed to a bailee and to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass. The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt, and order for delivery of goods. "Electronic document of title" means a document of title evidenced by a record consisting of information stored in an electronic medium. "Tangible document of title" means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium.

  • Cash Management Order means the order of the Bankruptcy Court entered in the Chapter 11 Case, together with all extensions, modifications and amendments that are in form and substance acceptable to the Agent in its Permitted Discretion, which, among other matters, authorizes the Loan Parties to use their cash management system, substantially in the form of Exhibit H.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • Security Custodian means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series, as custodian with respect to the Securities of such series, or any successor entity thereto.

  • Capital Security Certificate means a definitive Certificate in fully registered form representing a Capital Security substantially in the form of Exhibit A-1.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.