Street Delivery Custom definition

Street Delivery Custom means a custom of the United States securities market to deliver securities which are being sold to the buying broker for examination to determine that the securities are in proper form.

Street Delivery Custom means a custom of the United States securities market to deliver securities which are being sold to the buying broker for examination to determine that the securities are in proper form. "Street Name" means the form of registration in which the securities are held by a broker who is delivering the securities to another broker for the purposes of sale, it being an accepted custom in the United States securities industry that a security in Street Name is in proper form for delivery to a buyer and that a security may be re-registered by a buyer in the ordinary course. "Subsidiary Cash Account" shall have the meaning set forth in Section 3.13(b). "Subsidiary Securities" collectively, the (i) investments acquired by a Subsidiary and delivered to the Custodian from time to time during the term of, and pursuant to the terms of, this Agreement and (ii) all dividends in kind (e.g., non-cash dividends) from the investments described in clause (i). "Subsidiary Securities Account" shall have the meaning set forth in Section 3.13(a). "Subsidiary" means, collectively, any wholly owned subsidiary of the Company.