Safekeeping Account definition

Safekeeping Account means an account established on the books of the Custodian or any Subcustodian for purposes of segregating the interests of the Fund (or clients of the Custodian or Subcustodian) from the assets of the Custodian or any Subcustodian.

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Safekeeping Account means the account in the State Treasury

Safekeeping Account means the account in the State Treasury administered by the Treasurer of State for the benefit of other government entities consisting of all securities received by the Treasurer of State from the administrators of the several state retirement systems and other trust accounts;

Examples of Safekeeping Account in a sentence

In addition, on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the Retained Interest Safekeeping Account for each Retaining Party.
Upon receipt by the Certificate Administrator of any Risk Retention Certificate in connection with the initial issuance thereof and, for so long as the Risk Retention Certificates are held in the Retained Interest Safekeeping Account by the Certificate Administrator pursuant to this Agreement, upon any transfer or exchange pursuant to this Article V of any Risk Retention Certificate, the Certificate Administrator shall deliver to the related Retaining Party a receipt in the form set forth in Exhibit MM.
No amounts distributable with respect to any Risk Retention Certificate shall be remitted to the Retained Interest Safekeeping Account, but instead shall be remitted directly to the applicable Retaining Party in accordance with written instructions provided separately on the Closing Date (and any updates to such written instructions provided from time to time) by such Retaining Party to the Certificate Administrator.
During the RR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of, the executed Risk Retention Certificates held by it in the Retained Interest Safekeeping Account.
For so long as the Exchangeable Certificates being surrendered are held in the Retained Interest Safekeeping Account, the exchange shall be effected by the Certificate Administrator cancelling the Certificates being surrendered and executing and authenticating in the name of, and depositing in the Retained Interest Safekeeping Account for the benefit of, the applicable Certificateholder the Exchangeable Certificates to be received thereby.
The Subject Certificates are subject to the restrictions on transfer set forth in, and shall not be released from the VRR Interest Safekeeping Account except in accordance with, the Agreement.
In addition, on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the VRR Interest Safekeeping Account for each Retaining Party.
Upon receipt by the Certificate Administrator of any Class VRR Certificate in connection with the initial issuance thereof and, for so long as the Class VRR Certificates are held in the VRR Interest Safekeeping Account by the Certificate Administrator pursuant to this Agreement, upon any transfer or exchange pursuant to this Article 5 of any Class VRR Certificate, the Certificate Administrator shall deliver to the related Retaining Party a receipt in the form set forth in Exhibit R.
During the VRR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of, the executed Class VRR Certificates held by it in the VRR Interest Safekeeping Account.
No amounts distributable with respect to any Class VRR Certificate shall be remitted to the VRR Interest Safekeeping Account, but instead shall be remitted directly to the applicable Retaining Party in accordance with written instructions provided separately on the Closing Date (and any updates to such written instructions provided from time to time) by such Retaining Party to the Certificate Administrator.

More Definitions of Safekeeping Account

Safekeeping Account means account number in the name of HDSI, LLC at U.S. Bank National Association (including any replacements or renumberings thereof), which has an account balance that does not exceed $12,850,000 as of the date of Closing and which account is pledged as collateral to secure obligations under the Continuing Reimbursement Agreement for Letters of Credit described in Schedule 5.15.

Safekeeping Account means an account in which Financial Instruments of the Client are recorded by the Bank.

Safekeeping Account means an account established on the books of BBH&Co. for purposes of segregating the interests of the Customer (or clients of the Customer) from the assets of BBH&Co.

Safekeeping Account means an account maintained by Member at the Bank in order to arrange for, the holding, receipt, delivery, or other disposition of securities on its behalf or on behalf of certain third party pledgees, as agreed to by the Bank (each a “Pledgee”) and designated as a Safekeeping Account.