Pledge of Securities definition

Pledge of Securities. Guaranty over Securities established to ensure the performance of obligations assumed by the Brokerage Firm with or on behalf of the Customer. Circulars: General provisions issued by the CNBV or the Bank of Mexico according to the respective Securities and transactions. CNBV: Mexican National Banking and Securities Commission (Comision Nacional Bancaria y de Valores).
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Pledge of Securities. The account stated by the party that acts as the Guarantee Creditor for the transfer of Eligible Assets maintained with Indeval, Banco de Mexico or any other securities custodian; or another account the Guaranteed Creditor party, the Custodian and Administrator and/or Guarantee Enforcer agree for the safekeeping, administration or if the case transfer of Securities. RECA: 0000-000-000000/00-00000-0000 “Main Account”.- Means the joint current Bank Deposit Account and the Stock Investment Account, whereby the eventual or permanent, charges and deposits will take place of the transactions foreseen in this Contract.
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Pledge of Securities means the Pledge of Securities dated the date hereof by the Borrower as pledgor to the Bank as secured party, securing the Obligations, as the same may be extended, amended, supplemented or modified from time to time.
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Examples of Pledge of Securities in a sentence

  • To this effect, the guarantee deposited in the Pledge Account and it has been validly issued as a guarantee of the Guaranteed Liabilities and is part of the Pledge of Securities.

  • One hundred forty fifth.- The transactions referred to in this Chapter, will be guaranteed with the Securities object of the proper transaction, through a Pledge of Securities and/or credited to the Client’s account in the proportion previously agreed by the parties, in regard to the credit granted.

  • One hundred thirty seventh.- Provided the Bank or any creditor is considered as the Creditor of the Guarantee, derived by the conclusion of the signature of a credit Contract or Security Loan or any other that requires to be guaranteed, and the Client is obliged to grant the guarantee in favor of the Bank, the Client in terms of the Stock Market Law, under this Contract, will constitute a Pledge of Securities on the Eligible Assets in favor of the Guarantee Creditor.


More Definitions of Pledge of Securities

Pledge of Securities. As additional security to ensure prompt payment and performance of all Obligations, Rudy C. Theale, Xx., xxe Chief Executive Officer of the Borrower, and Robert E. Turner, XX (xxxxxxxxxxxx, xxx "Xxxxxxxx"), xave each agreed to pledge his respective equity interest in the Borrower as more particularly set forth under the terms and conditions of the Pledge Agreement."
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Related to Pledge of Securities

  • Spin-Off Securities means equity share capital of an entity other than the Issuer or options, warrants or other rights to subscribe for or purchase equity share capital of an entity other than the Issuer.

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Debt Securities has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture.

  • indenture securities means the Notes.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • indenture security holder means a Noteholder.