Euroclear Pledged Account definition

Euroclear Pledged Account means the pledged account held by the Custodian which is the subject of a commercial pledge pursuant to the Euroclear Pledge Agreement.
Sample 1Sample 2Sample 3
Euroclear Pledged Account means the cash account and the securities account in the name of LaSalle Bank N.A. acting as sub-custodian for the Custodian, acting as Trustee with Euroclear and any other account opened with Euroclear by LaSalle Bank N.A. or the Custodian;
Sample 1Sample 2Sample 3
Euroclear Pledged Account means the cash account and the securities account in the name of ABN AMRO Bank N.V. (London Branch) as Custodian, acting as Trustee with Euroclear and any other account opened with Euroclear by LaSalle Bank National Association;
Sample 1

Examples of Euroclear Pledged Account in a sentence

  • Those assets held in clearing systems (and not held in the Euroclear Pledged Account) will not be held in special purpose accounts and will be fungible with other securities from the same issue held in the same accounts on behalf of the other customers of the Custodian or its sub-custodian, as the case may be.

  • The Euroclear Pledged Account will be the subject of a commercial pledge under Belgian law created by the Issuer pursuant to the Euroclear Pledge Agreement entered into by the Issuer on the Issue Date.

  • The effect of this security interest will be to enable the Custodian, on enforcement, to sell the securities in the Euroclear Pledged Account on behalf of the Trustee.

  • The effect of this security interest will, inter alia, be to enable the Custodian, on enforcement, to sell the securities in the Euroclear Pledged Account on behalf of the Trustee.

  • These requirements are intended to minimise the risk that securities of the Issuer held with the Custodian may form part of the Custodian’s assets available for distribution to the Custodian’s unsecured creditors in the event of the Custodian’s insolvency or liquidation.Some Collateral Debt Securities, Collateral Enhancement Securities, Defaulted Equity Securities and Eligible Investments are securities to be held by the Custodian in a pledged account with Euroclear (the Euroclear Pledged Account).

  • The Euroclear Pledged Account will be the subject of a commercial pledge under Belgian law created by the Issuer pursuant to the Euroclear Pledge Agreement entered into by the Issuer on the Closing Date.

  • The effect of this security interest will, inter alia, be to enable the Custodian, on enforcement, to sell the securities in the Euroclear Pledged Account on behalf of the Security Trustee.

  • The Custodian will hold such assets which can be cleared through Euroclear in a pledged account with Euroclear (the "Euroclear Pledged Account") unless the Trustee otherwise consents and will hold the other securities comprising the Portfolio which cannot be so cleared (i) through its accounts with Clearstream, Luxembourg or any other clearing system and (ii) through its sub-custodians who will in turn hold such assets both directly and through any appropriate clearing system.

  • The Collateral Debt Obligations which are securities held by the Custodian through the Euroclear Pledged Account will be the subject of a commercial pledge under Belgian law created by the Issuer pur suant to the Euroclear Pledge Agreement on the ClosingDate.

  • The effect of these security interests will be to enable the Custodian, on enforcement, to sell the securities in the Euroclear Pledged Account on behalf of the Trustee.


More Definitions of Euroclear Pledged Account

Euroclear Pledged Account means the cash account and the securities account in the name of the Custodian or any duly appointed sub-custodian thereof with Euroclear, into which cash and securities pledged as security in favour of the Trustee on behalf of the Issuer are deposited;
Sample 1
Euroclear Pledged Account means the pledged account held by the Custodian in Euroclear in which the securities which are the subject of a commercial pledge pursuant to the Euroclear Pledge Agreement are held.
Sample 1
Euroclear Pledged Account means the securities account held in Euroclear in the name of the Custodian.
Sample 1

Related to Euroclear Pledged Account

  • Euroclear Sweden means Euroclear Sweden AB, the Swedish central securities depository;

  • Euroclear means Euroclear Bank S.A./N.V., as operator of the Euroclear system.

  • Pledged Account has the meaning set forth in the Deposit and Security Agreement.

  • Pledged Accounts means all of each Grantor’s right, title and interest in all of its Deposit Accounts, Commodity Accounts and Securities Accounts (in all cases, including, without limitation, all Controlled Accounts and Foreign Currency Control Accounts).

  • Euroclear Operator means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and its successor and assigns in such capacity.

  • Clearstream, Luxembourg means Clearstream Banking, société anonyme.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Common Depository has the meaning specified in Section 304(b).

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 0000 Xxx) that is listed on Schedule B annexed hereto, as amended from time to time pursuant to Section 4.5 hereof.

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

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

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

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.