Security Entitlement definition

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

Security Entitlement. Has the meaning given such term in Section 8-102(a)(17) of the New York UCC.

Security Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset, as specified in Part 5 of Article 8 of the UCC.

Examples of Security Entitlement in a sentence

• All shares of capital stock included in such Pledged Equity Interests (including shares of capital stock in respect of which such Grantor owns a Security Entitlement) have been duly authorized and validly issued and are fully paid and non-assessable.

• If the Securities Intermediary has or subsequently obtains by agreement, operation of law or otherwise a security interest in the Reserve Account or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Secured Party.

• All shares of capital stock included in such Pledged Equity Interests (including shares of capital stock in respect of which such Lien Grantor owns a Security Entitlement) have been duly authorized and validly issued and are fully paid and non-assessable.

• Thereafter, whenever such Lien Grantor acquires any other Security Entitlement, such Lien Grantor will, as promptly as practicable, cause the underlying Financial Asset to be credited to a Controlled Securities Account.

• In the event that the Securities Intermediary has or subsequently obtains by agreement, operation of law or otherwise a security interest in the Accounts or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Secured Party and the Issuer.

More Definitions of Security Entitlement

Security Entitlement. “Supporting Obligations”; and “Tangible Chattel Paper.”

Security Entitlement means the rights and property interest of an entitlement holder with respect to a financial asset specified in part 5.

Security Entitlement means “security entitlement” (as defined in Section 8-102(a)(17) of the NY UCC) with respect to Financial Assets now or hereafter credited to the Securities Account and, with respect to Federal Book-Entry Regulations, with respect to Federal Book-Entry Securities now or hereafter credited to the Securities Account, as applicable.

Security Entitlement. As defined in Section 8-102(a)(17) of the UCC or, in respect of any Book-Entry Security, as defined in 31 C.F.R. Section 357.2 (or, as applicable to such Book-Entry Security, the corresponding Federal Book-Entry Regulations).

Security Entitlement has the meaning set forth in Section 8-102(a)(17) of the Code.

Security Entitlement and “Uncertificated Security” have the respective meanings set forth in Article 8 of the NYUCC.

Security Entitlement means a “security entitlement” as that term is defined in Section 8-102 of the New York UCC.