Subscription Account Custodian definition

Subscription Account Custodian means Deutsche Bank AG, London Branch and any successor or replacement thereto.
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Subscription Account Custodian means JPMorgan Chase Bank, N.A. and any successor or replacement thereto.
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Examples of Subscription Account Custodian in a sentence

  • Neither the Secured Account Custodian or the Subscription Account Custodian may resign its duties without a successor Eligible Custodian having been appointed as aforesaid.

  • Waiting periodsThis is the time period that certain services are not eligible for coverage under this policy.

  • The obligations of the Company under the ETC Securities of a Series will be secured in favour of the Trustee by an assignment by way of security of all the Company’s rights, title, interest and benefit present and future against the secured account custodian (the ''Secured Account Custodian''), the subscription account custodian (the ''Subscription Account Custodian'') and any sub-custodian (the ''Sub-Custodian'') relating to the underlying metal in respect of this Series of ETC Securities.

  • The Subscription Account Custodian maintains segregated unallocated metal accounts in the name of the Issuer for each separate Series of ETC Securities, each a Subscription Settlement Account.

  • For all other pollutants, 24-hour composite samples must be obtained through flow-proportional composite sampling techniques, unless time-proportional composite sampling or grab sampling is authorized by the control authority.

  • With respect to each Series of ETC Securities, the Issuer’s main assets are its holdings of Underlying Metal held by or on behalf of the Issuer (through the Secured Account Custodian, the Subscription Account Custodian and/or Sub-Custodians) and its rights and interests under the related Custody Agreement and Balancing Agreement.

  • Equally UK VAT may be charged on any rhodium that the Authorised Participant delivers into the account of the Issuer if at the time of delivery the metal is physically located in the UK.The Secured Account Custodian and the Subscription Account Custodian is Deutsche Bank AG, a member firm of the LPPM and LBMA and the Custody Agreement for Secured Accounts provides that any Sub-Custodian must be a member of the Relevant Association (where applicable).

  • Legal practitioners are also referred to the Guidance Note No. 4 of 2009 on the implementation of a compliance regime previously issued.

  • The Secured Account Custodian is permitted to hold property delivered or received by it for the Issuer in custody accounts with one or more Sub-Custodians provided they satisfy certain eligibility criteria.In connection with a new issuance of ETC Securities, any Metal delivered by an Authorised Participant will first be delivered to a Subscription Settlement Account held with the Subscription Account Custodian.

  • The Subscription Account Custodian maintains segregated unallocated metal accounts in the name of the Issuer for each separate series of ETC Securities, each a Subscription Settlement Account.

Related to Subscription Account Custodian

  • Subscription Accounting means an accounting of all subscriptions for Shares received and accepted by Broker as of the date of such accounting, indicating for each subscription the Subscriber’s name, social security number and address, the number and total purchase price of subscribed Securities, the date of receipt by Broker of the Cash Investment Instrument, and notations of any nonpayment of the Cash Investment Instrument submitted with such subscription, any withdrawal of such subscription by the Subscriber, any rejection of such subscription by Broker, or other termination, for whatever reason, of such subscription.

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Collection Accounts As defined in Section 3.10(a).

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Document Custodian means the Custodian when acting in the role of a document custodian hereunder.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Administration Account As defined in Section 7.02.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.