Securities Entitlement definition

Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of the Uniform Commercial Code.

Securities Entitlement has the meaning assigned thereto in Section 8-102(a)(17) of the UCC.

Examples of Securities Entitlement in a sentence

• With respect to any Collateral consisting of a Deposit Account, Securities Entitlement or held in a Securities Account, upon execution and delivery by the applicable Obligor, the applicable Securities Intermediary and the Administrative Agent of an agreement granting control to the Administrative Agent over such Collateral, the Administrative Agent shall have a valid and perfected, first priority security interest in such Collateral.

• Section 357.12(a) provides that a Participant’s Securities Entitlement is cre- ated when a Federal Reserve Bank indicates by book entry that a Book-entry Security has been credited to a Participant’s Securi- ties Account.

• Notes presented and surrendered by a Noteholder shall be aggregated for the purpose of determining the aggregate Securities Entitlement of that Noteholder.

• If the aggregate Securities Entitlement of a Noteholder does not comprise a nominal amount of Securities equal to an integral multiple of the minimum denomination of the Securities, the Issuer may not deliver Securities in a nominal amount equal to a fraction of the minimum denomination of the Securities but shall account to each affected Noteholder for the net cash value (if any) of any such fraction, as determined by the Calculation Agent.

• The Notes cease to be outstanding on the first day on or after the Settlement Date upon which the Issuer makes the aggregate Securities Entitlement available for delivery in accordance with these Conditions.

More Definitions of Securities Entitlement

Securities Entitlement means, in respect of each Exchangeable Note, the nominal amount of Securities specified in the Supplemental Trust Deed to which a holder of such Note may be entitled upon the occurrence of an Exchange Event;

Securities Entitlement. “Securities Intermediary”, “Securities Account”, “Supporting Obligation”, “Tangible Chattel Paper”, and “Uncertificated Security”.

Securities Entitlement has the meaning assigned thereto in Section 8-102 of Article 8 of the UCC.

Securities Entitlement means a securities entitlement with respect to Ordinary Shares registered to Cede & Co. (or such other nominee as may be selected by DTC), as nominee for DTC, which securities entitlement is held directly or indirectly through the book-entry system maintained by DTC and DTC Participants and which securities entitlement has not been ultimately credited to any other person’s securities account.

Securities Entitlement. “Securities Intermediary”; “Supporting Obligations”; and “Tangible Chattel Paper.”

Securities Entitlement. Any “securities entitlement,” as such term is defined in Section 8-102(a)(17) of the UCC.

Securities Entitlement has the meaning given to such term in the UCC.