Underlying Principal definition

Underlying Principal means any underlying principal agreed to in writing by us from time to time on wh o s e b e h a l f y o u a c t ( a s a g e n t o r o t h e r wi s e ) a n d enter into Transactions with or through us or our Affiliates; and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing; and

Underlying Principal shall have the meaning given in Article 5.1 and “Underlying Principal Account” shall have the meaning given in Article 5.2;

Underlying Principal means, in relation to a business relationship or occasional transaction, any person who is not a beneficial owner but who-

Examples of Underlying Principal in a sentence

• We will not exercise any power to consolidate accounts or set off amounts owing between Underlying Principal Accounts relating to different Underlying Principals where you have identified to us the Underlying Principal for each account.

• You undertake, as agent for the relevant Underlying Principal, and on your own behalf, in respect of each instruction given, to specify the Underlying Principal Account to which the relevant instruction relates.

• We will assume that you are acting as principal unless you specifically notify us that you are acting as an agent for an Underlying Principal or in another capacity.

• Where you have notified us that you are acting on behalf of an Underlying Principal, we may at any time request you to inform us of the identity, address and any other details which we require in respect of such Underlying Principal.

• An Underlying Principal may notify us in writing that your agency has been terminated and another agent appointed in its place but until we have accepted such agent as our customer we shall not be obliged to accept any Instructions from it.

More Definitions of Underlying Principal

Underlying Principal means any person on whose behalf you are acting as agent (Stellvertreter).

Underlying Principal of a customer means -

Underlying Principal means any person financially or beneficially interested in the account maintained with CSIGM and/or its Affiliates or payments made to that account.

Underlying Principal means any person financially or beneficially interested in your account or payments made to your account

Underlying Principal means any underlying principal agreed to in writing by us or our Affiliates from time to time on whose behalf a Designated Representative acts (as agent or otherwise) and on whose behalf it may enter into Transactions using the Trading Services with or through us or our Affiliates, and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing.

Underlying Principal means any person financially or beneficially interested in the account maintained with any CLSA Group Company or payments made to that account.

Underlying Principal. With respect to any Distribution Date, an amount equal to the principal received on the Underlying Certificates. Underlying Series: The series of securities which includes the Underlying Certificates. Underlying Trust: The Bear Xxxxxxx ARM Trust 2007-3. Underwriting Agreement: The Underwriting Agreement, dated as of February 26, 2007, between the Depositor and Bear, Xxxxxxx. United States Person or U.S. Person: (i) a citizen or resident of the United States, (ii) a corporation or partnership (including an entity treated as a corporation or partnership for federal income tax purposes) (except, in the case of a partnership, to the extent provided in regulations) organized in or under the laws of the United States or any state thereof, including for this purpose, the District of Columbia, (iii) an estate the income of which is subject to United States federal income tax regardless of its source or (iv) a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust. Notwithstanding the preceding sentence, to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996 and treated as U.S. Persons prior to such date, that elect to be treated as a U.S. Person, also will be U.S. Persons.