NSCC Margin Deposits means deposits made by the Borrower with NSCC in connection with securities clearing services provided to it by NSCC, as such requirements may be adjusted from time to time.
NSCC Margin Deposits means all deposits, collateral, capital accounts and funds provided by the Borrower to NSCC as an NSCC participant.
NSCC Margin Deposits means deposits made by KCA with NSCC in connection with securities clearing services provided to it by NSCC.
Examples of NSCC Margin Deposits in a sentence
An extra three years are needed if in addition to harvest, carbon loss as DOC is alsoaccounted for.
Ask the Supplier to estimate your electric generation costs relative to CL&P’s/ UI’s and explain other possible benefits of switching your service.
On or prior to the Eighteenth Amendment Effective Date, the Borrower shall direct NSCC to return any NSCC Margin Deposits to be returned to the Settlement Account.
On or prior to the Closing Date, KCA shall direct NSCC to return any NSCC Margin Deposits to be returned to KCA to the Settlement Account.
Upon establishing the Settlement Account, the Borrower shall promptly deliver evidence to the Administrative Agent that the Borrower has directed the NSCC to return the NSCC Margin Deposits to the Settlement Account.
More Definitions of NSCC Margin Deposits
NSCC Margin Deposits means deposits made by the Borrower with NSCC in connection with securities clearing services provided to it by NSCC, as such requirements may be adjusted from time to time. “NYFRB” means the Federal Reserve Bank of New York. “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided further, that if any of the aforesaid rates as so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. “NYFRB’s Website” means the website of the NYFRB at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source. “Obligation” means, with respect to any Person, any payment or other obligation or liability of such Person of any kind, including any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 6.01(f). Without limiting the generality of the foregoing, the Obligations of the Borrower under the Credit Documents includes the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by the Borrower under any Credit Document. “Ordinary Course Payment Obligations” means (i) liabilities payable to brokers, dealers, clearing organizations, clients and correspondents, and liabilities in respect of securities sold but not yet purchased, in each case incurred in the ordinary course of the “broker-dealer” business of the Borrower and its Broker-Dealer Subsidiaries, including the provision of margin for forward, future, option, swap, repurchase or similar transactions, the making of advances to customers, the establishment of performance or surety bonds or guarantees, (ii) accounts payable and accrued liabilities in the ordinary course of business, (iii) notes, bills...