Security Intermediary definition

Security Intermediary means (a) a clearing corporation or (b) a Person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.
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Security Intermediary means Bank, a Securities Depository and any other financial institution which in the ordinary course of business maintains Securities custody accounts for others and acts in that capacity.
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Security Intermediary means Mellon Bank, N.A.
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Examples of Security Intermediary in a sentence

  • In the event that the Collection Account is no longer an Eligible Deposit Account, the Servicer shall, with the assistance of the Indenture Trustee and Security Intermediary, as necessary, use reasonable efforts to cause the Collection Account to be moved to an Eligible Institution or Eligible Trust Account Institution (which may be an account with the Indenture Trustee or the Securities Intermediary) within sixty (60) days.

  • For example, each multicast group is divided into several sub-groups, each with their own manager (a Group Security Intermediary using Iolus terminology).

  • Upon receipt of such notice and confirmation that Debentures or security entitlements thereto have been credited to the Collateral Account as described in such notice, the Collateral Agent shall instruct the Security Intermediary by a notice in the form provided in Exhibit D to release such Pledged Treasury Securities from the Pledge by Transfer to the Purchase Contract Agent for distribution to such Holder.

  • Upon any such termination, the Collateral Agent will, upon receipt of an Officer's Certificate of the Pledgor specifying that the all of the Obligations and all other amounts payable hereunder have been paid in full, cause the Security Intermediary to return to the Pledgor such of the Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

  • Upon receipt of such notice and confirmation that Debentures or security entitlements to them have been credited to the Collateral Account as described in such notice, the Collateral Agent shall instruct the Security Intermediary by a notice in substantially the form of EXHIBIT D to this Agreement to release such Pledged Treasury Securities from the Pledge by Transfer to the Purchase Contract Agent for distribution to such Holder.

  • Schedule 6.19 hereto lists all banks, other financial institutions and Securities Intermediaries at which any Credit Party maintains Deposit Accounts and Securities Accounts as of the Closing Date, and Schedule 6.19 hereto correctly identifies the name, address and telephone number of each such financial institution or Security Intermediary, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • A Group Security Intermediary (GSI) is a trusted server authorized to act as a proxy of the Group Security Controller (GSC) that manages its associated sub-clusters in a bubble.

  • The Security Intermediary agrees (i) to maintain the Securities Accounts at its office at Midwest Plaza West Tower, 000 Xxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxxx, XX 00000-0000, (ii) not to change the name or account number of the Securities Accounts without the prior written consent of Lender and (iii) to close the Securities Accounts upon the occurrence of the Final Accounts Disbursement pursuant to the Disbursement Agreement.

  • Any such cash, amounts payable or received by a Counterparty in respect of any Financing Agreement, and any remaining Financing Agreement Securities, not yet delivered to the Collateral Security Intermediary by such Counterparty after the occurrence of the Turnover Date with respect to such Counterparty, shall be held in trust by such Counterparty for the benefit of the Collateral Agent and the other Secured Parties.

  • Class Plaintiffs Xxxxxxx Xxxxxxx, in his capacity as Trustee of the Xxxxxxxxx 2008 Insurance Trust; Xxxxxxx Xxxxxxxxx; PBR Partners, Brighton Trustees, LLC, on behalf of and as Trustee for Cook Street Master Trust III; Bank Of Utah, solely as Security Intermediary for Cook Street Master Trust III; Peak Trust Company, AK, on behalf of and as Trustee for Xxxxx X.


More Definitions of Security Intermediary

Security Intermediary shall have the meaning set forth in Section 8-102(a)(14) of the UCC.
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Security Intermediary means The First National Bank of Chicago, as Securities Intermediary under the Pledge Agreement until a successor Securities Intermediary shall have become such pursuant to the applicable provisions of the Pledge Agreement, and thereafter "Securities Intermediary" shall mean such successor.
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Security Intermediary has the meaning provided in Section 1.02.
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Related to Security Intermediary

  • Commodity intermediary means a person that:

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;

  • Securities Intermediary shall have the meaning given such term in Section 8-102(14) of the UCC.

  • Intermediary bank means a bank to which an item is transferred in course of collection except the depositary or payor bank.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Security Interests means the security interests in the Collateral created hereby.

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

  • Collateral Agent as defined in the preamble hereto.

  • Intermediary means “a person who actively participates in the facilitation of the contract or negotiating the contract, including a broker, adviser, attorney, or representative of or agent for the business entity who:

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • 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.

  • Control Agent has the meaning specified in the Intercreditor Agreement.

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

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Trust Collateral Agent means such successor Person.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

  • Permitted Security Interest means any Security Interest:

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • First Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.