Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.
Omnibus Account means, in respect of any Portfolio, any account maintained by the transfer agent for such Portfolio reflecting the record ownership of Shares of such Portfolio by an entity who maintains sub-transfer agency records reflecting the actual beneficial ownership of such Shares in other persons or entities.
Omnibus Account means Securities Account in which ordinary shares are held in the Company for multiple beneficial owners in one securities account.
Examples of Omnibus Account in a sentence
Each Omnibus Account shall be in the name of SAFE for the benefit of Clients.
Each Omnibus Account constitutes a banking relationship between SAFE and Bank and shall not constitute a custodial relationship between SAFE and Bank and does not create or represent any relationship between Client and any Bank.
In addition, SAFE may receive earnings or compensation for an Omnibus Account or Money Market Account either in the form of services provided at a reduced rate, the payment of any shareholder service fees, or similar compensation.
More Definitions of Omnibus Account
Omnibus Account means the Securities Account in which ordinary shares of the Company are held for multiple beneficial owners and includes a Securities Account maintained by an Exempt Authorised Nominee.
Omnibus Account means an account opened with CFI by the Customer in respect of which CFI is notified that the account is to be operated for a customer, or a number of customers (of the Customer and not for the Customer himself);
Omnibus Account means an account at the Bank for the benefit of the Funds into which money (A) to be deposited into an Account is initially credited pending its transfer to such Account pursuant to Article III hereof, or (B) transferred from an Account pursuant to Article III is deposited pending its disbursement pursuant to Article III.
Omnibus Account means an account containing the positions of more than one Person;
Omnibus Account means (A) an account at the Custodian for the benefit of the Fund and the other investment companies listed on Exhibit E-1 into which money to be deposited into an Account is initially credited pending its transfer to such Account pursuant to Section C hereof, and (B) an account at the Custodian for the benefit of the Fund and such other investment companies in which money to be transferred from an Account pursuant to Section C is deposited pending its disbursement pursuant to Section C.
Omnibus Account means an Account opened by any securities intermediary properly registered or licensed as a stock broker, dealer or bank or exempted from such registration or licensing in any jurisdiction and operated on behalf of its clients as indicated in the account application form;