Approved Securities Intermediary definition

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

Approved Securities Intermediary means a “securities intermediary” or “commodity intermediary” (as such terms are defined in the UCC) selected or approved by the Administrative Agent.

Approved Securities Intermediary means a securities intermediary at which the Borrower or a Subsidiary Guarantor maintains an Approved Securities Account.

Examples of Approved Securities Intermediary in a sentence

• Grantor will (i) deposit in a Controlled Deposit Account all cash received by such Grantor, and (ii) not establish or maintain any Deposit Account or Securities Account other than with a Deposit Account Bank or Approved Securities Intermediary, as applicable, or the Secured Party or an Affiliate of the Secured Party.

• By Name: Title: By Name: Title: ACCEPTED AND AGREED: By Name: Title: [Approved Securities Intermediary] [Address] Re: Account No. (the “Account”) Ladies and Gentlemen: Reference is made to the Account and that certain Control Account Agreement, dated , 20[ ] (the “Control Account Agreement”) among you, Xxxxxx Xxxxxxx Senior Funding, Inc., as collateral agent (the “Collateral Agent”), and [name of Grantor].

• The Approved Securities Intermediary acknowledges that this Control Account Letter constitutes written notification to the Approved Securities Intermediary, pursuant to the Uniform Commercial Code and any applicable federal regulations for the Federal Reserve Book Entry System, of the Collateral Agent’s security interest in the Assets.

• ETSY, INC., as Grantor By: /s/ Xxxx Xxxxxxxxx Name: Xxxx Xxxxxxxxx Title: President and Chief Executive Officer XXXXXX LABS, INC., as Grantor By: /s/ Xxxx Xxxxxxxxx Name: Xxxx Xxxxxxxxx Title: President and Chief Executive Officer XXXXXX XXXXXXX SENIOR FUNDING, INC., as Collateral Agent By: /s/ Xxxxxxxx Xxxxx Name: Xxxxxxxx Xxxxx Title: Vice President [Name and Address of Approved Securities Intermediary] Ladies and Gentlemen: Reference is made to account no.

• Upon expiration of such 30-day period, the Approved Securities Intermediary shall be under no further obligation except to hold the Assets in accordance with the terms of this Control Account Letter, pending receipt of written instructions from the Pledgor and the Collateral Agent, jointly, regarding the further disposition of the pledged Assets.

More Definitions of Approved Securities Intermediary

Approved Securities Intermediary a Securities Intermediary or Commodity Intermediary selected by a Loan Party and reasonably satisfactory to the Administrative Agent.

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which the Borrower or any Subsidiary Guarantor has delivered to the Administrative Agent an executed Control Account Letter.

Approved Securities Intermediary means a Securities Intermediary reasonably acceptable to the Agent.

Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary acceptable to Lender and with respect to which the Grantor has delivered to Lender an executed Control Account Agreement.

Approved Securities Intermediary means a “securities intermediary” or “commodity intermediary” (as such terms are defined in the Code).

Approved Securities Intermediary has the meaning assigned to such term in the Security Agreement.

Approved Securities Intermediary. – means a financial institution approved by the Corporation in accordance with the criteria set forth in Section A-222 and, as applicable, Sections A-223 and A-224.