Security Account definition

Security Account. “Software”, and “Supporting Obligations”.
Security Account means (i) a reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings, or dividends earned or declared on a security in an account, a reinvestment account, or a brokerage account, whether or not credited to the account before the owner's death, or (ii) a cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death.
Security Account. “Software”, “Supporting Obligations” and “Uncertificated Securities”.

Examples of Security Account in a sentence

  • Instructions to the Depositary Bank to execute, arrange or otherwise engage in a Security Account Transfer contradicting this Security Blockage Agreement and the cancellation, revocation and any other form of termination of the Security Blockage Agreement or its amendment shall be regarded as invalid by the Depositary Bank without triggering any obligation of the Depositary Bank to inquire or otherwise investigate with the Shareholder or any Third Party.


More Definitions of Security Account

Security Account means any of the following:
Security Account means (i) a reinvestment account associated with a
Security Account. As defined in the MLCC Servicing Agreement.
Security Account means such account as opened by the Security Trustee in its name at any bank as chosen by the Security Trustee, to which account payments from Borrowers and any other relevant debtor shall be directed upon notification as referred to in Clause 6.3 of the Security Trustee Receivables Pledge Agreement and/or the withdrawal of power to collect pursuant to Clause 6.2 of the Security Trustee Rights Pledge Agreement.
Security Account means an interest-bearing account with a Licensed Bank.
Security Account shall have the meaning set forth in Section 5(d) below.
Security Account means a “Security Account” as such term is defined in accordance with the UCC in effect in the State of New York from time to time.