Security Cessionary definition

Security Cessionary means the person or institution who is the beneficiary of the proceeds of the Contract pursuant to a Security Cession. This person holds the Contract as security for the Investor’s obligations owed to them. The Security Cessionary does not replace the Investor as the original the Contract holder.
Sample 1Sample 2Sample 3
Security Cessionary means the person or institution who may be entitled to the Contract proceeds of this Contract after You cede Your rights. This person holds the Contract as security for Your obligations to them. The Security Cessionary does not replace the Contract Holder.
Sample 1Sample 2Sample 3
Security Cessionary is the person or institution who may be entitled to the proceeds of the Contract after You cede your rights. The Contract will be held as security against an obligation however the cessionary does not replace the Contract Holder.
Sample 1

Examples of Security Cessionary in a sentence

  • Written confirmation signed by the Contract Holder specifying the cession and details of the Security Cessionary must be provided to the Administrator.

  • The ensuing discussion revealed just how varied the social work licensure landscape is in the counties.

  • The Administrator requires written authority from the Security Cessionary in the event that the Investor requires a switch and/or a withdrawal.

  • The rights of a Security Cessionary have preference over any rights of nominated Beneficiaries, as long as the Security Cession is noted in the Administrator’s records.

  • Security Cession An agreement where you provide the policy as security for your obligation to the Security Cessionary.

  • Security Cessionary The person or institution who is entitled to the policy proceeds after you cede your rights.

Related to Security Cessionary

  • Security Certificate Has the meaning given such term in Section 8-102(a)(16) of the New York UCC.

  • Security freeze means a notice, at the request of the consumer and subject to certain exceptions,

  • Security Control means a safeguard or countermeasure prescribed for an information system or an organization designed to protect the confidentiality, integrity, and availability of its information and to meet a set of defined security requirements.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Security Credentials means the personalised security features we require you to use now or in future to

  • Security Entitlement shall have the meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Clearance means that level of security clearance required by the City or its police department for Contractor personnel accessing the information or premises required to be accessed in order to perform the Work under this Contract;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Document of title means a record that in the regular course of business or financing is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold, and dispose of the record and the goods the record covers and that purports to be issued by or addressed to a bailee and to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass. The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt, and order for delivery of goods. "Electronic document of title" means a document of title evidenced by a record consisting of information stored in an electronic medium. "Tangible document of title" means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Security Custodian means the custodian with respect to any Global Security appointed by the Depositary, or any successor Person thereto, and shall initially be the Paying Agent.

  • Capital Security Certificate means a definitive Certificate in fully registered form representing a Capital Security substantially in the form of Exhibit A-1.

  • Security Company means an entity which provides or purports to provide the transport of Property by secure means, including, without limitation, by use of armored vehicles or guards.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.