Securities Collateral Account definition

Securities Collateral Account means a securities account established and maintained by the Borrower with the Collateral Agent for the benefit of the Lender, and which shall be pledged to the Lender as security for payment of the Borrower's indebtedness to the Lender.

Securities Collateral Account means the account, maintained by the Borrower with the Securities Account Bank and subject to the Securities Collateral Account Control Agreement, or any other account that replaces such account with the approval of the Lender.

Securities Collateral Account has the meaning given to it in Section 18 of this Agreement.

Examples of Securities Collateral Account in a sentence

• The Borrower shall not be entitled to the release of any Collateral from the Securities Collateral Account any time after the Lender declares, by written notice to the Collateral Agent and the Borrower, the existence of an Event of Default.

• Custodian may, with respect to questions of law specifically regarding a Securities Collateral Account, obtain the advice of counsel selected in accordance with a standard of care consistent for a prudent custodian of securities similar to the Securities Collateral and shall be fully protected with respect to anything done or omitted by it in good faith in conformity with such advice.

• Notwithstanding any term or condition to the contrary in this Agreement, after the delivery of an Enforcement Notice, the Custodian shall make all payments or transfers with respect to the Securities Collateral Account only (i) in accordance with the written instructions of the Secured Party, or (ii) pursuant to the express terms and conditions of this Agreement.

• The Custodian shall not at any time be under any duty to monitor the value of any Securities Collateral held in the Securities Collateral Account or whether the Securities Collateral is of a type required to be held in the Securities Collateral Account, or to supervise the investment of, or to advise or make any recommendation for the purchase, sale, retention or disposition of any Securities Collateral.

• Without prejudice to any rights of the Custodian as subordinated lienholder with respect to the Securities Collateral Account, all transfers so made from the Securities Collateral Account by the Custodian shall be made irrespective of, and without deduction for, any counterclaim, defense, recoupment or set off, and shall be final, and the Custodian will not seek to recover from the Grantor for any reason any such payment once made.

More Definitions of Securities Collateral Account

Securities Collateral Account means, in relation to book entry securities, collateral provided under a security financial collateral arrangement:

Securities Collateral Account has the meaning set forth in Section 2.7 hereof.

Securities Collateral Account means a segregated account so denominated which is pledged to the Custodian as security for, and in consideration of, the Cus- todian's issuance of any Put Option guarantee letter or similar document described in paragraph 7 of Article V here- in.

Securities Collateral Account means the Securities Account established and designated as such under the Collateral Administration Agreement.

Securities Collateral Account means, collectively, one or more collateral accounts established by the Collateral Agent on the books of First Chicago, as a financial intermediary, or DTC or PTC, as a clearing corporation, pursuant to Section 3.02 and designated "Securities Collateral Account (Revolving Credit) pledged by B.C. Ziegler and Company to Xxx Xxxxx Xxtional Bank of Chicago, as Collateral Agent" and any successor accounts established pursuant to Section 7.07. "Securities Intermediary" means First Chicago in its capacity as securities intermediary (as defined in the Code) holding certain of the Collateral. "Self-Regulatory Organization" has the meaning assigned to such term in Section 3(a)(26) ofthe Exchange Act. "SIPA" means the Securities Investor Protection Act of 1970, as amended. "S&P" means Standard & Poor's Corporation. "Structured Finance Securities" means (a) securities representing participations in, or the payment of which is secured by, a pool of loans the repayment of which is secured by a mortgage, deed of trust, other mortgage securities or other fee or leasehold interest upon real estate or other assets, (b) securities representing participations in, or the payment of which is secured by, a pool of receivables (of any nature) or (c) any similar types of securities, other than, in each case, Derivative Securities. "Transactions" means, collectively, all transfers of Collateral pursuant to Section 3.03 and all releases of Collateral pursuant to Section 3.04. "Uncertificated Security" has the meaning assigned to such term in Section 8-102 of the Code. "VRD Securities" means variable rate demand Municipal Securities which are repriced at least once a month or variable rate demand Municipal Commercial Paper. "VRD Eligible Securities in Liquidation" means Eligible Securities which have been designated as "VRD Eligible Securities in Liquidation" by the Collateral Agent pursuant to Section 3.05, effective from the time of such designation until such Securities are transferred out of the Securities Collatcral Account in accordance with Section 3.05.

Securities Collateral Account has the meaning specified in Paragraph 4(a).

Securities Collateral Account means that certain account now or hereafter established by the Company with Bank of America, N.A. or any of its Affiliates under the sole and exclusive dominion and control of the Issuing Bank designated as the "A&P Letter of Credit Metro Inc. Securities Collateral Account" containing investments constituting the Metro Inc. Securities Collateral, and in which account the Issuing Bank has been granted a Lien pursuant to the Pledge and Security Agreement.