Blocked Securities Account definition

Blocked Securities Account means a securities or custody account in the name of the Issuer pledged in favour of the Secured Parties (represented by the Security Agent) or any other security granted in favour of the Secured Parties (represented by the Security Agent).
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Blocked Securities Account means securities account number 4933-9714 at Wachovia Securities and any other securities account designated by Agent and Borrowers as a Blocked Securities Account for purposes of this Agreement, which shall in each case be subject to an Investment Property Control Agreement prohibiting any withdrawals therefrom (other than to the Blocked Accounts) without the authorization of Agent.
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Blocked Securities Account means the blocked securities accounts with Banca IMI S.p.A. and J.P. Morgan Securities Ltd. or their Affiliates into which the Founding Shareholders and Directors have agreed to transfer the Founding Shares and the Founding Shareholder Warrants.
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Examples of Blocked Securities Account in a sentence

  • The Security Agent shall, upon the Issuer's request, release to the Issuer, Qualified Securities and/or Bonds standing to the credit of the Blocked Securities Account and/or Deposited Cash in an amount equal to the Release Amount, if the Minimum Securities Value amounts to no less than the Applicable Minimum Securities Value on two consecutive Reference Dates (as evidenced by Compliance Certificates delivered pursuant to Clause 11.1(h)) (the " Relevant Reference Dates").

  • Any dividends and distributions received by the Issuer with respect to any Qualified Securities, or any Interest received by the Issuer with respect to any Bonds, standing to the credit of the Blocked Securities Account shall be released by the Security Agent to the Issuer upon the Issuer's request.

  • The Security Agent shall, upon the Issuer's request, release to the Issuer, Qualified Securities and/or Bonds standing to the credit of the Blocked Securities Account and/or Deposited Cash in an amount equal to the Release Amount, if the Minimum Securities Value amounts to no less than the Applicable Minimum Securities Value on two consecutive Reference Dates (as evidenced by Compliance Certificates delivered pursuant to Clause11.1(h)) (the " Relevant Reference Dates").

Related to Blocked Securities Account

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • 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).

  • 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).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • 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.

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Commodity Account.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.