Permitted Financial Intermediary definition
Permitted Financial Intermediary means at any time the Trustee, in its individual capacity, or any Affiliate of the Trustee, provided that (i) such Person in the ordinary course of its business maintains securities accounts for its customers and (ii) such Person is at such time acting in the capacity of a “securities intermediary” as defined in Section 8-102(a)(14) of the UCC.
Permitted Financial Intermediary means any financial intermediary who acquires the Transferred securities (or an interest therein) with a view to distribution, trading or hedging such securities in the ordinary course of its business.