Custody Account definition

Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

Custody Account means any account in the name of the Trust, which is provided for in Section 3.2 below.

Custody Account means the custody account or accounts held and administered outside The Netherlands (including any cash account relating to any securities account) established on the books of the Custodian in accordance with the provisions of the Agency Agreement, which term shall include each cash account relating to each such Custody Account (if any).

Examples of Custody Account in a sentence

• The Custodian shall identify on its records each Custody Account and Cash Account in the name of the Client or such other name as the Client may reasonably designate.

• The Client and the Custodian agree that the location of the Custodian specified in this Agreement is the sole location of the Custodian for performance of any obligation under this Agreement including the location of the Custody Account and Cash Account (unless otherwise specified by the Custodian).

• If any Clearance System reverses any credit of Securities (or the Custodian is otherwise obligated to return Securities as a result of a settlement reversed in accordance with market requirements), the Client agrees that the Custodian may reverse all or any part of the credit of the Securities to the Custody Account and make an appropriate entry to its records including restatement of the Custody Account.

• The Client instructs the Custodian to establish and maintain a Custody Account and a Cash Account.

• Irrevocable commitments are incurred on the date the Custodian becomes irrevocably obligated to a Clearance System or other person for the delivery of Securities or payment of Cash, even if the Custody Account or the Cash Account has insufficient Securities or Cash in the required currency on the applicable settlement date.

More Definitions of Custody Account

Custody Account means the custody account established on the books of the Custodian in connection with the Notes in accordance with the provisions of the Custody Agreement.

Custody Account means any account in the name of the Fund, which is provided for in Section 3.2 below.

Custody Account means the custody account or accounts in the name of the Client and/or such other name as the Client may reasonably designate, for the deposit of any Property (other than cash) from time to time received by the Custodian for the account of the Client.

Custody Account means, with respect to a Portfolio, the account in the name of such Portfolio, which is provided for in Section 3.2 below.

Custody Account has the meaning specified in the Collateral Agreement.

Custody Account means each account established by the Custodian for the Client for recording the receipt, safekeeping and maintenance of Securities or other financial assets as agreed by the Custodian under this Agreement.

Custody Account means a securities account in the name of the Fund on Custodian's records to which a Financial Asset is or may be credited pursuant to this Agreement.