Swiss Securities Accounts Sample Clauses

Swiss Securities Accounts. The following securities account(s) of the Clearing Member with SIX SIS AG, Switzerland (“SIX SIS AG”) under Swiss law: (each account specified (if any) a “Swiss Pledged Securities Account” for the purposes of granting Proprietary Margin) (each account specified (if any) a “Swiss Omnibus Pledged Securities Account” for the purposes of granting Omnibus Margin (other than any Omnibus Margin for CASS Transactions)) (each account specified (if any) a “Swiss CASS Omnibus Pledged Securities Account” for the purposes of granting Omnibus Margin for CASS Transactions) (each account specified (if any) a “Swiss ISA Pledged Securities Account” for the purposes of granting Margin for ISA Transactions (other than any Margin for XXX XXXX Transactions)) (each account specified (if any) a “Swiss XXX XXXX Pledged Securities Account” for the purposes of granting Margin for XXX XXXX Transactions) (the “Swiss Default Fund Pledged Securities Account” for the purposes of making Contributions in the form of securities to the Default Fund in accordance with the General Clearing Provisions) (each account specified (if any) a “Swiss Clearing Agent Pledged Securities Account” for the purposes of making Contributions in the form of securities to the Default Fund in accordance with the General Clearing Provisions and the Basic Clearing Member Provisions in the capacity as a Clearing Agent)
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Swiss Securities Accounts. The following securities account(s) with SIX SIS AG, Switzerland (“SIX SIS”) under Swiss law: (i) Securities account(s) of the Basic Clearing Member (ii) Securities account(s) of the Clearing Agent (each account specified (if any) under (i) or (ii), a “Swiss Basic Clearing Member Pledged Securities Account” for the purposes of granting Basic Clearing Member Margin) (iii) Securities account(s) of the Basic Clearing Member in the triparty collateral management system of SIX SIS (iv) Securities account(s) of the Clearing Agent in the triparty collateral management system of SIX SIS (each account specified (if any) under (iii) or (iv), a “TCM SIX SIS Basic Clearing Member Pledged Securities Account” for the purposes of granting Basic Clearing Member Margin by use of the triparty collateral management service of SIX SIS (“TCM SIX SIS”)).
Sample 1Sample 2Sample 3
Swiss Securities Accounts. The following securities account(s) with SIX SIS AG, Switzerland (“SIX SIS”) under Swiss law: (i) Securities account(s) of the ISA Direct Clearing Member (each account specified (if any) under (i), a “Swiss ISA Direct Pledged Securities Account” for the purposes of granting ISA Direct Margin) (ii) Securities account(s) of the ISA Direct Clearing Member in the triparty collateral management system of SIX SIS (each account specified (if any) under (ii), a “TCM SIX SIS ISA Direct Pledged Securities Account” for the purposes of granting ISA Direct Margin by use of the triparty collateral management service of SIX SIS (“TCM SIX SIS”)).
Sample 1

Related to Swiss Securities Accounts

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed)

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Collateral Accounts The Borrower agrees and confirms that (a) pursuant to the Collateral Agency Agreement, it has caused to be established at the Collateral Agent each of the Construction Account, Construction Payment Subaccount, Punchlist Retention Subaccount, the Operating Account, the Debt Service Reserve Account, the Debt Service Accrual Account, the Insurance Proceeds Account, the Income Tax Reserve Account, the Distribution Account and the Revenue Account, in each case in the name of the Collateral Agent and (b) it has instructed (or, on or before the effectiveness of each Project Document that is entered into after the date hereof, will instruct) each of the other parties to the Project Documents that all payments constituting Project Revenues due or to become due to the Borrower under or in connection with each such Project Document shall be made directly to the Collateral Agent for deposit to the Revenue Account in accordance with the terms of the Collateral Agency Agreement. If, notwithstanding the foregoing, any such payment or proceeds are remitted directly to the Borrower, the Borrower shall hold such funds in trust for the Collateral Agent and shall promptly remit such payments for deposit to the Revenue Account in accordance with the Collateral Agency Agreement. In addition to the foregoing, the Borrower agrees that if the proceeds of any Collateral hereunder (including the payments made in respect of the Collateral Accounts) shall be received by it, the Borrower shall as promptly as possible transfer such Proceeds to the Collateral Agent for deposit to the Reserve Account. Until so deposited, all such proceeds shall be held in trust by the Borrower for and as the property of the Collateral Agent and shall not be commingled with any other funds or property of the Borrower.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank. (b) In the event that any payment to be made under this Section 5 exceeds the funds available in the Deposit Account, the Bank, in its discretion, may advance the Customer such excess amount which shall be deemed a loan payable on demand, bearing interest at the rate customarily charged by the Bank on similar loans. (c) If the Bank credits the Deposit Account on a payable date, or at any time prior to actual collection and reconciliation to the Deposit Account, with interest, dividends, redemptions or any other amount due, the Customer will promptly return any such amount upon oral or written notification: (i) that such amount has not been received in the ordinary course of business or (ii) that such amount was incorrectly credited. If the Customer does not promptly return any amount upon such notification, the Bank shall be entitled, upon oral or written notification to the Customer, to reverse such credit by debiting the Deposit Account for the amount previously credited. The Bank or its Subcustodian shall have no duty or obligation to institute legal proceedings, file a claim or a proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount, but may act for the Customer upon Instructions after consultation with the Customer.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!