Designated Securities Account definition

Designated Securities Account means the Broker or Custodian's account into which the allotted Destination Bonds will be deposited, as specified in "Terms of Invitation and Procedures for the Exchange Offer – Paragraph 6.6 (Acceptance of Exchange Offer)" in this Exchange Offer Memorandum, and to be provided by Eligible Bondholder in the Instruction Letter.

Designated Securities Account means the securities account in the name of the Borrower opened with a custodian satisfactory to the Security Agent and designated as the Designated Securities Account from time to time by the Security Agent and the Borrower, for the purposes of depositing the Pledged Target Shares and any Cash Dividends declared in respect of Pledged Target Shares, to be opened within the timeframe stipulated in Clause 19.31 (Conditions Subsequent) and the operation of which shall require one authorised signatory appointed by the Security Agent, it being understood and agreed that the initial Designated Securities Account shall be the “Custody Account” (as defined in the Custody and Control Agreement).

Designated Securities Account means the securities account in the name of the Borrower opened with a custodian satisfactory to the Security Agent and designated as the Designated Securities Account from time to time by the Security Agent and the Borrower, for the purposes of depositing the Pledged Target Shares and any Cash Dividends declared in respect of Pledged Target Shares, to be opened within the timeframe stipulated in Clause 19.31 ( Conditions Subsequent ) and the operation of which shall require one authorised signatory appointed by the Security Agent, it being understood and agreed that the initial Designated Securities Account shall be the “Custody Account” (as defined in the Custody and Control Agreement).

Examples of Designated Securities Account in a sentence

• In this regard, the Eligible Bondholders will still be the owner of their Source Bonds deposited into the BOT's Securities Account until the credit of Destination Bonds into the Designated Securities Account of the Eligible Bondholder.

• OF DESIGNATED ACCOUNTS BY MARKETMAKER Pursuant to the requirements of Rule 4.065, we [name of Market Maker] provide notification as follows: Name of Market Maker Designated trading account/s Designated Securities Account numbers: The date of opening of accounts: Dated this [ ] day of [ ] [year].

• Pursuant to the requirements of Rule 4.06, we [name of Market Maker] provide notification as follows: Name of Market Maker Designated trading account/s Designated Securities Account numbers: The date of opening of accounts: Dated this [ ] day of [ ] [year].

• Pursuant to the requirements of Rule 4.10, we [name of Derivatives Specialist] provide notification as follows: Name of Derivatives Market Maker Designated trading account/s Designated Securities Account numbers: The date of opening of accounts: Dated this [ ] day of [ ] [year].

• Operation of the Designated Securities Account After Completion, the Sale Shares shall be kept in the Designated Securities Account until full and final payment of all sums payable under the Promissory Note by the Purchaser.

More Definitions of Designated Securities Account

Designated Securities Account means the Initial Designated Securities Account or the Replacement Designated Securities Account, as applicable.

Designated Securities Account means a securities account in which title to securities held in it is stated to be subject to adverse claims ;

Designated Securities Account is Issuer’s Securities Account, account number ****, maintained with Silicon Valley Bank, and any successor Securities Account designated by Issuer as such by written notice to Purchaser Agent; provided that the Designated Securities Account shall be (a) a segregated account used solely to receive, hold and, to the extent permitted by this Agreement, disburse cash proceeds of the Purchases, (b) located in the United States (or another jurisdiction approved in writing by Purchaser Agent in its sole discretion), (c) held with a financial institution that meets the requirements set forth in clause (iii) of the definition of “Cash Equivalents”, and (d) at all times subject to a Control Agreement (or the equivalent in the applicable jurisdiction) and an ACH authorization in favor of Purchaser Agent.

Designated Securities Account means the account of the Parent Guarantor held with the Securities Intermediary and subject to a valid, perfected first priority security interest in favor of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Required Lenders in which certain proceeds of the Delayed Draw Term Loan shall be invested and held in accordance with this Agreement.

Designated Securities Account means the Broker or Custodian's account into which the allotted Destination Bonds will be deposited, as specified in "Terms of Invitation and Procedures for the Exchange Offer – Paragraph 6.6 (Acceptance of Exchange Offer)" in this Exchange Offer Memorandum.

Designated Securities Account means that certain custodial account, number 00000000 in the name of the Borrower held at the Designated Securities Intermediary, or such other Securities Account subject to a Control Agreement as shall be approved in writing by the Administrative Agent.

Designated Securities Account has the meaning ascribed to it in Clause 3.2(b)(i).