Dain Account definition

Dain Account means (i) Account No. 12Y3-5204-6135 maintained by Dain for Borrower and (ii) each securities account established by Dain for Borrower in substitution thereof or replacement thereof or to which any Pledged Alesco Funding Securities or other items of Collateral are credited.
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Examples of Dain Account in a sentence

  • The Dain Account Agreement is in full force and effect and the Dain Account has been duly established pursuant thereto.

  • Borrower will not terminate or cancel the Dain Account or originate any entitlement orders in respect of any financial assets credited thereto.

  • The copy of the Dain Account Agreement delivered to Lender pursuant to Section 4.01(a)(iv) is a true and correct copy thereof.

  • Borrower and Dain are the sole parties to the Dain Account Agreement, and Lender and (to the limited extent provided in the Dain Control Agreement) Borrower are the sole Persons entitled to originate entitlement orders in respect of the Dain Account or security entitlements relating thereto.

  • Neither Borrower nor to Borrower’s knowledge, Dain is a default under the Dain Account.

  • Neither Borrower nor to Borrower’s knowledge, Dain is in default under the Dain Account.

  • Borrower and Dain are the sole parties to the Dain Account Agreement, and the Agent and (to the limited extent provided in the Dain Control Agreement) Borrower are the sole Persons entitled to originate entitlement orders in respect of the Dain Account or security entitlements relating thereto.

  • The number of Alesco Funding Preferred Shares credited to the Dain Account on the Closing Date is not less than 34,530.

  • The number and types of Alesco Funding Preferred Shares credited to the Dain Account on the Closing Date is as set forth on Schedule 4.01(a)(xiv).