Covered Account definition

Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

Covered Account means each of the Collection Account (including each Interest Collection Subaccount and Principal Collection Subaccount therein), each Payment Account, the Revolving Reserve Account and the Custodial Account.

Covered Account means each of the Collection Accounts (including the Interest Collection Subaccount, the Principal Collection Subaccount, the CAD Collection Account, the EUR Collection Account and the GBP Collection Account), the Payment Account, the Collateral Account, the Revolving Reserve Account and any other account established by the Borrower at the Securities Intermediary with the consent of the Administrative Agent and subject to the Lien of the Collateral Agent and subject to an agreement establishing “control” (as used in the UCC) over such account in favor of the Collateral Agent pursuant to the terms of the Facility Documents.

Examples of Covered Account in a sentence

• The Payment Account shall remain at all times with an Eligible Account Bank, and the amounts therein shall remain uninvested; provided that if such institution's rating falls below any such rating threshold, the assets held in such Covered Account shall be moved by the Borrower within 30 calendar days to another institution that satisfies the definition of Eligible Account Bank.

• The Interest Reserve Account shall remain at all times with an Eligible Account Bank; provided that if such institution's rating falls below any such rating threshold, the assets held in such Covered Account shall be moved by the Borrower within 30 calendar days to another institution that satisfies the definition of Eligible Account Bank.

• The Collection Account shall remain at all times with an Eligible Account Bank; provided that if such institution's rating falls below any such rating threshold, the assets held in such Covered Account shall be moved by the Borrower within 30 calendar days to another institution that satisfies the definition of Eligible Account Bank.

• The Future Funding Reserve Account shall remain at all times with an Eligible Account Bank; provided that if such institution's rating falls below any such rating threshold, the assets held in such Covered Account shall be moved by the Borrower within 30 calendar days to another institution that satisfies the definition of Eligible Account Bank.

• The Closing Expense Account shall remain at all times with an Eligible Account Bank; provided that if such institution's rating falls below any such rating threshold, the assets held in such Covered Account shall be moved by the Borrower within 30 calendar days to another institution that satisfies the definition of Eligible Account Bank.

More Definitions of Covered Account

Covered Account means any account that holds or may hold a Covered Security, such as any: • account in the Covered Person’s name; • joint or tenant-in-common account in which the Covered Person has an interest or is a participant; • account for which a Covered Person acts as trustee, executor or custodian; and • account over which a Covered Person has investment discretion or has the power (whether or not exercised) to direct the acquisition or disposition of Covered Securities (other than a Client Account that the Covered Person manages or over which they have investment discretion). It is presumed that a Covered Person can control accounts held by Immediate Family Members.

Covered Account means any account that holds or may hold a Covered Security whether directly or through Beneficial Ownership, and as further described in Section B.1 below.

Covered Account means any account that holds or may hold a Covered Security, such as any: ● account in the Covered Person’s name; ● joint or tenant-in-common account in which the Covered Person has an interest or is a participant;

Covered Account means a personal investment or trading account of an Employee or Access Person or related account (this may include, but is not limited to, an account for which an Employee or Access Person is a trustee or custodian, a spousal account, any account of an Employee or Access Person’s children or any account for an individual who relies on the Employee or Access Person for material support) in which an Employee or Access Person has any direct or indirect beneficial ownership interest, an investment or trading account over which an Employee or Access Person exercises control or provides investment advice, or a proprietary investment or trading account maintained for the Firm or its employees. Specifically, Covered Account includes:

Covered Account means any account held by the Access Person’s spouse, domestic partner, dependent household members, immediate family members sharing the same household and any account over which the Access Person has beneficial interest or control.

Covered Account means an account that holds Covered Securities in which Access Person has a beneficial ownership.

Covered Account means any account that holds or may hold a Covered Security, such as any: