Clearing System Account definition

Clearing System Account means an account with a Clearing System.
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Clearing System Account means a securities account in one of the Clearing Systems capable of receiving the Core Capital Deferred Shares and the Tier 2 Notes;
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Examples of Clearing System Account in a sentence

  • The transfer of the Securities operates by way of registration on the relevant accounts opened with the Clearing System by any intermediary adhering, directly or indirectly, to the Clearing System ("Account Holders").

  • The transfer of the Securities operates by way of registration on the relevant accounts opened with the Clearing System by any intermediary adhering, directly or indi- rectly, to the Clearing System ("Account Holders").

  • PPS Mutual Professionals Choice otfers a “true level” premium, where the premium for any increased cover that results from the application of the Indexation for Professionals Benefit will be based on your age when you cover first commenced and not your age at the time the indexation is applied.

  • The transfer of theSecurities operates by way of registration on the relevant accounts opened with the Clearing System by any intermediary adhering, directly or indirectly, to the Clearing System ("Account Holders").

  • The transfer of the Securities operates by way of registra- tion on the relevant accounts opened with the Clearing System by any intermediary adhering, di- rectly or indirectly, to the Clearing System ("Account Holders").

  • The transfer of the Securities operates by way of reg- istration on the relevant accounts opened with the Clearing System by any intermediary adher- ing, directly or indirectly, to the Clearing System ("Account Holders").

  • The transfer of the Securities operates by way of registration on the relevant accounts opened with the Clearing System by any intermediary adhering, directly or indirectly, to the Clearing System ("Account Hold- ers").

  • The Account Holder on behalf of the relevant Noteholder holds the Notes to which this Account Holder Letter relates (as identified below), and such Notes have been “blocked” through delivery of Custody Instructions to the relevant Clearing System, the Custody Instruction Reference Number(s) in relation to which is/are identified below.ISIN Amount blocked at Clearing System Clearing System Clearing System Account number Custody Instruction Reference Number3838Corresponding to your blocking instruction.

  • The Account Holder on behalf of the relevant Noteholder holds the Notes to which this Account Holder Letter relates (as identified below), and such Notes have been “blocked” through delivery of Custody Instructions to the relevant Clearing System, the Custody Instruction Reference Number(s) in relation to which is/are identified below.ISIN Amount blocked at Clearing System Clearing System Clearing System Account number Custody Instruction Reference Number2525Corresponding to your blocking instruction.

  • The alternative settlement arrangements for the Exchange Offers described at paragraph 14 of Part IV (Terms of the Offers) of this Consent and Exchange Offer Memorandum, available to Holders who do not have access to a Clearing System Account.

Related to Clearing System Account

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Direct Account : means any Account which is not an ISA Account.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Clearing Costs means all of the Investor’s broker and Transfer Agent fees. “Clearing Date” shall be the date on which the Investor receives the Put Shares as DWAC Shares in its brokerage account.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Collection Accounts As defined in Section 3.10(a).

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.