Company Securities Account definition

Company Securities Account has the meaning set forth in the Security and Pledge Agreement.
Company Securities Account means “Company Securities Account” under and as defined in the Security and Pledge Agreement.

Examples of Company Securities Account in a sentence

  • During such period that the Eligible Shares are held in the Company Securities Account, and the related Eligible Shareholder has not received Exchange Shares, the Company shall hold such shares to the order of the related Eligible Shareholder but without any obligation to account to it for economic or voting rights during such period.

  • The consideration for the repurchase of Eligible Shares shall be Exchange Shares only and in accordance with the Exchange Ratio, such that one Exchange Share will be allotted for every one Eligible Share successfully tendered and credited to the Company Securities Account.

  • For the period of time that the Eligible Shares are held in the Company Securities Account, and the related Eligible Shareholder has not received Exchange Shares, the Company shall hold such shares to the order of the related Eligible Shareholder but without any obligation to account to it for economic or voting rights during such period.

  • Seal … The Common Seal of the Company Securities Account … The securities account maintained by a Depositorwith the Depository.

  • On the date hereof, in accordance with the terms of the Third-Party Account Agreement, Pledgor shall establish with Securities Intermediary at its office at Four Albany Street, New York, NY as a securities account in the name of Secured Party, a restricted securities account designated as "Prime Hospitality Corp./Bankers Trust Company Securities Account".

  • This, alongside the procedures to be performed by AIX CSD, Approved Brokers and Nominated Brokers, may result in a delay between the time at which Eligible Shares are delivered to the Company Securities Account and the related Settlement Date.

  • To the extent that the Proposed Eligible Shares are more than the Sale Eligible Shares, the Seller shall be informed thereof and the Seller and the Company shall cooperate in orderto redeliver such Proposed Eligible Shares which are not Sale Eligible Shares to the account from which such Proposed Eligible Shares were transferred to the Company Securities Account, in accordance with the terms set forth in paragraph 5 of the Document.

  • Notwithstanding the foregoing, there can be no assurance that any Eligible Shares delivered to the Company Securities Account shall receive Board Approval, and may be returned to the related Nominated Broker or Approved Broker, as applicable, should Board Approval not be received pursuant to the terms and conditions of the Exchange Offer.

  • Following any transfer of Eligible Shares to the Company Securities Account in respect of which either the Nominated Broker has been instructed by an Eligible Shareholder or the Nominated Broker has received such shares in its account held with an Approved Broker for such purpose, the Nominated Broker shall notify the Company.

Related to Company 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).

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • 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.

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

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

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

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Company-Sponsored Equity Account means an account that is created with the Equity Account Administrator in connection with the administration of the Company’s equity plans and programs, including the Plan.

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

  • 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).

  • 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.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • 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.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • 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.

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

  • 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.

  • Excluded Shares has the meaning set forth in Section 2.1(b).

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

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • 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.

  • Joint Trading Account shall have the meaning set forth in the preamble of this Agreement.