Omnibus Account definition

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

• Omnibus Account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each Omnibus Account it holds.

• For each Shareholder Account (other than an Omnibus Account), the Transfer Agent shall maintain daily records of each Commission Share of such Fund which records shall identify each Commission Share of such Fund reflected in such Shareholder Account by the Month of Original Purchase of such Commission Share.

• Each such Commission Share shall be identified as either a Distributor Share or a Post-distributor Share based upon the Month of Original Purchase of such Commission Share (or in the case of a Sub-shareholder Account within the ML Omnibus Account, based upon the Date of Original Purchase).

• Clause (C) sets forth the rules to be followed by the Transfer Agent for each Fund and the record owner of each Omnibus Account in determining what portion of the Asset Based Sales Charge (as hereinafter defined) payable in respect of each class of Shares of such Fund and what portion of the CDSC (as hereinafter defined) payable by the holders of Shares of such Fund is attributable to Distributor Shares and Post-distributor Shares, respectively.

• The Transfer Agent shall maintain daily records of each Shareholder Account (other than an Omnibus Account) in respect of any Fund so as to identify each Free Share (including each Special Free Share) reflected in such Shareholder Account by the Month of Original Purchase of such Free Share.

More Definitions of Omnibus Account

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 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 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 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 the account established pursuant to Section 9(d) of the Agreement.

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;