Excluded Securities Account definition

Excluded Securities Account shall have the meaning assigned to it in the Security Agreement.

Excluded Securities Account means any (x) securities account the securities entitlements in which consist solely of (a) securities entitlements held by Holdings, the Borrower or any Restricted Subsidiary in trust for any director, officer or employee of Holdings, the Borrower or any Restricted Subsidiary or any employee benefit plan maintained by Holdings, the Borrower or any Restricted Subsidiary or (b) securities entitlements representing deferred compensation for the directors and employees of Holdings, the Borrower or any Restricted Subsidiary and (y) securities account held in any Specified Collateral Jurisdiction other than the United States for which a Control Agreement is not required pursuant to the Guaranty and Security Principles.

Excluded Securities Account means any securities account the securities entitlements in which consist solely of (a) securities entitlements held by the Company or any Subsidiary Loan Party in trust for any director, officer or employee of the Company or any Subsidiary Loan Party or any employee benefit plan maintained by the Company or any Subsidiary Loan Party or (b) securities entitlements representing deferred compensation for the directors and employees of the Company and the Subsidiary Loan Parties.

Examples of Excluded Securities Account in a sentence

• No Pledgor shall hereafter establish and maintain any Securities Account or Commodity Account with any Securities Intermediary or Commodity Intermediary (other than an Excluded Securities Account) unless a Control Agreement with respect to such Securities Account or Commodity Account, as the case may be shall have been executed and delivered to the Administrative Agent.

• Except as listed on Schedule 9(b) hereto and made a part hereof, set forth in Schedule 9(b) to the Prior Perfection Certificate is each equity investment of each Company that represents 50% or less of the equity of the entity in which such investment was made setting forth the percentage of such equity interests pledged under the Security Agreement (excluding any equity investments held in an Excluded Securities Account or held in a Securities Account that is or will be subject to a control agreement).

• Also set forth in Schedule 9(b) is each equity investment of each Company that represents 50% or less of the equity of the entity in which such investment was made setting forth the percentage of such equity interests pledged under the Security Agreement (excluding any equity investments held in an Excluded Securities Account or held in a Securities Account that is or will be subject to a control agreement).

• No Grantor shall grant Control over any Securities Account (other than an Excluded Securities Account) to any person other than the Collateral Agent, and to the extent also granted to the Collateral Agent, Pre- Petition First Lien Agent or Pre-Petition Second Lien Agent.

More Definitions of Excluded Securities Account

Excluded Securities Account means any securities account the securities entitlements in which consist solely of (a) securities entitlements held by Xxxxxx USA or any Subsidiary in trust for any director, officer or employee of Xxxxxx USA or any Subsidiary or any employee benefit plan maintained by Xxxxxx USA or any Subsidiary or (b) securities entitlements representing deferred compensation for the directors and employees of Xxxxxx USA and the Subsidiaries.

Excluded Securities Account means (a) any Securities Account the securities entitlements in which are used solely for the payment of salaries and wages, workers' compensation, employee benefit plans (including funds held by the Parent Borrower or any Subsidiary in trust for any director, officer or employee of the Parent Borrower or any Subsidiary with respect thereto) or health benefit obligations and similar expenses (including payroll Taxes) in the ordinary course of business, and (b) any Securities Account established by a Domestic Loan Party with a balance that does not exceed at any time (i) $5,000,000, when aggregated with the amounts on deposit in all other Securities Accounts that are subject to this clause (b), plus all amounts held in Deposit Accounts excluded pursuant to clause (d) of the definition of "Excluded Deposit Accounts" or (ii) $2,000,000, individually.

Excluded Securities Account means one or more deposit or securities accounts maintained by either Loan Party with any bank or securities intermediary that is, or that the Borrower determines could be, a counterparty to one or more Specified Hedging Agreements with the Borrower or any Subsidiary; provided that the net book value of the cash, securities and other property maintained in all such deposit or securities accounts shall not at any time exceed $75,000,000.

Excluded Securities Account means (a) any securities account the funds in which are used solely for the payment of salaries and wages, workers’ compensation and similar expenses in the ordinary course of business and (b) any securities account the funds or assets in which consist solely of (i) funds or assets held by Holdings, the Borrower or any Restricted Subsidiary in trust for any director, officer or employee of Holdings, the Borrower or any Restricted Subsidiary or any employee benefit plan maintained by Holdings, the Borrower or any Restricted Subsidiary or (ii) funds or assets representing deferred compensation for the directors and employees of Holdings, the Borrower or any Restricted Subsidiary.

Excluded Securities Account means the securities account of eHealth insurance maintained with Silicon Valley Bank bearing account number ending in SV388, but only if the aggregate value of all assets held in, or credited to, such account does not exceed $50,000 at any time.

Excluded Securities Account means (a) any securities account the funds in which are used solely for the payment of salaries and wages, workers’ compensation and similar expenses in the ordinary course of business, (b) [reserved] and (c) any securities account the funds or assets in which consist solely of (i) funds or assets held by Holdings, the Borrowers or any Restricted Subsidiary in trust for any director, officer or employee of Holdings, the Borrowers or any Restricted Subsidiary or any employee benefit plan maintained by Holdings, the Borrowers or any Restricted Subsidiary or (ii) funds or assets representing deferred compensation for the directors and employees of Holdings, the Borrowers or any Restricted Subsidiary.

Excluded Securities Account a Securities Account with a balance of less than $1,000,000.