Custodial Securities definition

Custodial Securities means Securities which are in our name and held in trust by us on your behalf and in respect of which all payments made in relation to the said Securities are paid directly to our account for further credit you.
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Custodial Securities means Securities which are in our name and held in trust by us on your behalf and in respect of which all payments
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Custodial Securities means, collectively, Book-Entry Securities, Certificated Securities and DTC Securities (as defined below); (viii) "Custodian" means Chase, acting in the capacity of a Securities Intermediary (as defined below); (ix) "DTC" means The Depository Trust Company, a registered clearing agency; (x) "DTC Securities Account" means the account maintained by DTC for the Custodian with respect to DTC Securities; (xi) "DTC Security" means a "security" (as defined in Section 8-102(a)(15) of the New York UCC) (A) physically held by DTC or an agent of DTC, including without limitation GNMA Securities (as defined below), or (B) registered on the books of the issuer thereof in the name of DTC or an agent of DTC; (xii) "Entitlement Holder" means a person identified in the records of a Securities Intermediary as the person having a Security Entitlement against such Securities Intermediary (each as defined below); (xiii) FHLMC Security" means a security issued or guaranteed by the Federal Home Loan Mortgage Corporation; (xiv) "FNMA and FHLMC Regulations" means the Secretary of HUD's Regulation of the Federal National Mortgage Association (Xxxxxx Xxx) and the Federal Home Loan Mortgage Corporation (Xxxxxxx Xxx): Book-Entry Procedures, as set forth in 61 Fed. Reg. 63944 (Dec. 2, 1996), codified at 24 C.F.R. Part 81, as amended; (xv) "FNMA Security" means a security issued or guaranteed by the Federal National Mortgage Association; (xvi) "GNMA Security" means a security issued or guaranteed by the Government National Mortgage Association; (xvii) "Instrument" means an "instrument" (as defined in Section 9-105(1)(i) of the New York UCC); (xviii) "New York Fed" means the Federal Reserve Bank of New York; (xix) "New York UCC" means the Uniform Commercial Code as in effect on the date hereof in the State of New York; (xx) "Participant" means a Person (as defined in the Treasury Regulations) that maintains a Participant's Securities Account with the New York Fed; (xxi) "Participant's Securities Account" means an account in the name of a Participant of the New York Fed to which Book-Entry Securities held for a Participant are or may be credited; (xxii) "Secured Obligations" means the obligations of the Trust under the Indenture; (xxiii) "Securities Account" means the account established by the Custodian in connection with the transactions contemplated by the Indenture; (xxiv) "Securities Account Property" means Custodial Securities credited to the Securities Account; (xxv) "Securities In...
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Examples of Custodial Securities in a sentence

  • The Trustee shall, prior to the Closing Date, establish a Securities Account with the Custodial Securities Intermediary which shall be designated as the “Payment Account,” which shall be held in trust for the benefit of the Secured Parties and over which the Trustee shall have exclusive control and the sole right of withdrawal.

  • From time to time we may, upon your request, receive and hold Custodial Securities and Safekeeping Securities on your behalf.

  • You agree that the receipt and holding of Custodial Securities and Safekeeping Securities shall be governed by this Section and that you shall pay our then current fees for custodial and safekeeping services as disclosed in our usual schedule of fees as amended from time to time.

  • If box 3 above is checked, upon our return of all of the above documents to you as the Custodial Securities Intermediary, please acknowledge your receipt by signing in the space indicated below and returning this form.

  • Any successor Custodial Securities Intermediary shall be a U.S. state or national bank or trust company that is not an Affiliate of the Issuer or the Co-Issuer and has capital and surplus of at least U.S.$200,000,000 and whose long-term unsecured debt is rated at least “Baa1” by Moody’s and “AA (low)” by DBRS.

  • Xxxxxxx Title: Manager LaSalle Bank National Association, solely as Trustee, Paying Agent, Calculation Agent, Transfer Agent, Custodial Securities Intermediary, Backup Advancing Agent and Notes Registrar and not in its individual capacity By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Senior Vice President Marathon Structured Finance Fund, L.P., as Advancing Agent By: /s/ Xxxxxx Xxxxxxxxxx Name: Xxxxxx Xxxxxxxxxx, CPA, ESQ.

  • Xxxxxxx Title: Independent Manager U.S. BANK NATIONAL ASSOCIATION, solely as Trustee, Paying Agent, Calculation Agent, Transfer Agent, Custodial Securities Intermediary, Backup Advancing Agent and Notes Registrar and not in its individual capacity By: /s/ Xxxxxxx X.

  • This regime is shown to correspond to the best evaporator performance.

  • Xxxxx Title: Chief Financial Officer XXXXX FARGO BANK, NATIONAL ASSOCIATION, solely as Trustee, Paying Agent, Calculation Agent, Transfer Agent, Custodial Securities Intermediary, Backup Advancing Agent and Notes Registrar and not in its individual capacity By: /s/ Xxxxx X.

  • The total fees payable to the Company’s statutory auditors for the mandatory audit on the annual financial statements for FY 2014 stand at €8,000 (2013: €8,000) and for other services €5,000 (2013: €5,000).

Related to Custodial Securities

  • Federal Securities means: (a) any direct general obligations of the United States of America (including obligations issued or held in book entry form on the books of the Department of the Treasury of the United States of America), for which the full faith and credit of the United States of America are pledged; (b) obligations of any agency, department or instrumentality of the United States of America, the timely payment of principal and interest on which are directly or indirectly secured or guaranteed by the full faith and credit of the United States of America.

  • Securities Custodian means the custodian with respect to a Global Security (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee.