Participant Custodian Account definition

Participant Custodian Account shall have the meaning set forth in the Participants Agreement.
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Examples of Participant Custodian Account in a sentence

  • The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustee, on behalf of the applicable MacroShares Trust, with respect to any MacroShares, Eligible Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such MacroShares, Eligible Treasuries and/or cash are at risk in the event that the applicable Trustee becomes insolvent.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustee, on behalf of the applicable Trust, with respect to any MACRO Shares, Eligible Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such MACRO Shares, Eligible Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the Trustee with respect to any MACRO Shares, Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.

  • Five impact tests were performed for each steel and for each notch geometry.

  • When Treasuries are to be transferred to the Paired Holding Trusts from an Authorized Participant (in exchange for the issuance of MACRO Units), the Administrative Agent shall transfer such Treasuries from that Authorized Participant's Participant Custodian Account to the Securities Account of the applicable Paired Holding Trust.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustee, on behalf of the applicable MacroShares Trust, with respect to any MacroShares, Eligible Treasuries and/or cash held in each Authorized Participant’s Participant Custodian Account and that such MacroShares, Eligible Treasuries and/or cash are at risk in the event that the applicable Trustee becomes insolvent.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustree, on behalf of the applicable Trust, with respect to any MACRO Shares, Eligible Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such MACRO Shares, Eligible Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.

Related to Participant Custodian Account

  • Custodian Account means an account subject to a Custodian Agreement.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Administration Account As defined in Section 7.02.

  • Participant contract means a contract by which a sponsored captive insurance company insures the risks of a participant and limits the losses of the participant to the assets of a protected cell.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Indian custodian means any Indian person who has legal custody of an Indian child under tribal law or custom or under State law or to whom temporary physical care, custody, and control has been transferred by the parent of such child;

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

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

  • Participant ID means each unique identifier assigned to a Participant other than a DMA Customer by BSEF for access to the SEF operated by BSEF.

  • 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.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodian bank means as defined in section 515.35.

  • Participant Account means that separate account maintained under the Plan to record the amount that a Participant has contributed to the Plan during an Offering Period.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;