Depository Participant Sample Clauses
The Depository Participant clause defines the role and responsibilities of an intermediary authorized to act on behalf of a depository, typically in the context of securities transactions. This clause outlines how the depository participant facilitates the dematerialization and transfer of securities, manages client accounts, and ensures compliance with regulatory requirements. By specifying the duties and authority of the depository participant, the clause ensures smooth and secure handling of electronic securities, thereby reducing risks associated with physical certificates and streamlining settlement processes.
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Depository Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time the Depository effects book-entry transfers and pledges of securities deposited with the Depository.
Depository Participant. A Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities deposited with the Depository.
Depository Participant. 13 Detailed Loan Indicative Data File . . . . . . . . . . . . . . 13
Depository Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time the Depository effects book-entry transfers and pledges of securities deposited with the Depository. Designated Telerate Page. The Reuters Monitor Money Rates Service page “LIBOR01” (such page, or such other page as may replace page LIBOR01 on that service or such other service as may be nominated by the BBA as the information vendor for the purpose of displaying the BBA’s Interest Settlement Rates for deposits in U.S. dollars.
Depository Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository. Determination Date ------------------ As to any Distribution Date, the 21st day of each month or, if such day is not a Business Day, the next preceding Business Day; provided, however, that the Determination Date in each month will be at least two Business Days preceding the related Distribution Date. Distribution Account -------------------- The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "Distribution Account, JPMorgan Chase Bank, N.A., as trustee for the registered holders of Popular ABS, Inc. Mortgage Pass-Through Certificates, Series 2005-3." Funds in the Distribution Account shall be held uninvested in trust for the Certificateholders for the uses and purposes set forth in this Agreement. Distribution Account Deposit Date ---------------------------------- As to any Distribution Date, 9:00 a.m. New York City time on the Business Day immediately preceding such Distribution Date. Distribution Date ----------------- The 25th day of each calendar month after the initial issuance of the Certificates, or if such day is not a Business Day, the next succeeding Business Day, commencing on July 25, 2005. Due Date -------- With respect to any Loan, the date on which scheduled payments of interest and/or principal are due thereon, which date is a set day, but not necessarily the first day, of each month. Due Period ----------- With respect to any Distribution Date, the period beginning on the second day of the calendar month preceding the calendar month in which that Distribution Date occurs and ending at the close of business on the first day of the month in which that Distribution Date occurs Eligible Account ---------------- Any of (a) an account or accounts maintained with a federal or state chartered depository institution or trust company, the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (b) an account or accounts in a depository institution or trust company in wh...