Pledged Security Entitlement definition
Pledged Security Entitlement means all security entitlements with respect to the Pledged Financial Assets.
Examples of Pledged Security Entitlement in a sentence
The jurisdiction (for purposes of Section 8-110(e) of the N.Y. Uniform Commercial Code) of the securities intermediary that maintains the securities account carrying the Pledged Security Entitlement is ___________.
The Pledgor acknowledges, confirms and agrees that the Collateral Agent holds the Pledged Security Entitlement to the Collateral Investments solely as Collateral Agent for the Holders of the Notes and not as a securities intermediary or financial intermediary.
Additionally, we express no opinion as to the nature or extent of the Securities Intermediary's interests or other rights in the securities or other financial assets underlying any Pledged Security Entitlement.