Clearing Corporation Securities definition

Clearing Corporation Securities means securities which are registered in the name of Custodian or its nominee in the form of an entry on the records of a Clearing Corporation.
Sample 1Sample 2Sample 3
Clearing Corporation Securities. “Certificated securities” as defined in Section 8-102(a)(4) of the UCC which are in the continuous possession of the Clearing Corporation in the State of New York or a Securities Intermediary. Closing Date: October 22, 1996. Code: The Internal Revenue Code of 1986, as amended from time to time (including any successor statute), and the regulations promulgated and the rulings issued thereunder.
Sample 1
Clearing Corporation Securities means "certificated securities" as defined in Section 8-102(l)(a) of the New York UCC and Section 8-102(a)(4) of the Texas UCC which are in the continuous possession in the States of Texas or New York of the Clearing Corporation or a Custodian Bank.
Sample 1

Examples of Clearing Corporation Securities in a sentence

  • If Custodian has not received delivery instructions with respect to Purchased Securities and/or cash in Buyer's Account, Custodian may, in its sole discretion, hold Book-Entry Securities and Clearing Corporation Securities in escrow for the benefit of and at the expense of Buyer and deliver Physical Securities and cash to Buyer at the address provided below.


More Definitions of Clearing Corporation Securities

Clearing Corporation Securities means securities which are
Sample 1
Clearing Corporation Securities. Certificated securities" as defined in Section 8-102(l)(a) of the New York UCC and Section 8-102(a)(4) of the New York UCC which are in the continuous possession in the State of New York or the Clearing Corporation or a Custodian Bank.
Sample 1
Clearing Corporation Securities means securities which are credited to a securities account of the Custodian in the records of a Clearing Corporation.
Sample 1
Clearing Corporation Securities means "certificated securities" as defined in Section 8-102(l)(a) of the UCC which are in the continuous possession in the States of North Carolina or New York of the Clearing Corporation or a Custodian Bank.
Sample 1
Clearing Corporation Securities means "certificated securities" as defined in Section 8-102(l)(a) of the UCC which are in the continuous possession in the States of North Carolina or New York of the Clearing Corporation or a Custodian Bank.
Sample 1

Related to Clearing Corporation Securities

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by any Registrar the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • Book-Entry Securities Securities maintained in the form of entries (including, without limitation, the Security Entitlements in such Securities) in the commercial book-entry system of the Fed and held for the Trustee, directly or indirectly, by any Trustee's Fed Member. Book-Entry Securities shall not include, in any event, any Certificated Security (or any Security Entitlement in any Certificated Security) held, directly or indirectly, through a Clearing Corporation.