Examples of Depositary Account in a sentence
The terms of the Depositary Account (Wallet) Control Agreement prevent the Issuer from transferring or disposing of any assets from the Depositary Account and / or the Depositary Wallet without consent of the Administrator, even absent an Event of Default.
Following delivery of a Notice of Exclusive Control by the Security Trustee to the Depositary, the Issuer no longer has a right to withdraw assets from the Depositary Account but has a period of 30 (thirty) days during which the Issuer may contest the existence of an Event of Default.
Other registration measures relating to the Central Securities Depositary Account can be taken by the Bank or another account institute.
All future communication in connection with NFO should be addressed to the SCSB/RTA/AMC quoting the full name of the Sole/First Applicant, NFO Application Number, ASBA Application Number, Depositary Account details, Amount applied for and the Account Number from where NFO amount was blocked.CONTACT DETAILS OF 1ST APPLICANTTel.
The Issuer reserves the right to redact certain provisions related to the procedures of repossessing the Depositary Wallet by the Security Trustee from the copy of the Depositary Account (Wallet) Control Agreement for security reasons.