Nominee Name Clause Samples
The Nominee Name clause designates an individual or entity to act on behalf of another party in relation to certain rights, assets, or interests specified in the agreement. Typically, this clause outlines the authority granted to the nominee, such as holding shares, property, or other assets in their name for the benefit of the actual owner, and may detail the nominee's responsibilities and limitations. Its core practical function is to facilitate arrangements where the true owner wishes to remain anonymous or for administrative convenience, ensuring that legal title can be held by the nominee while the beneficial interest remains with the original party.
Nominee Name. The Custodian is authorized to hold in physical form, such financial assets as are delivered to the Custodian in physical form; and to hold in the name of ACAS, a securities depository, or their respective nominees, such financial assets as are customarily held in registered form. ACAS authorizes the Custodian to hold financial assets in Securities Accounts and shall accept delivery of financial assets of the same class and denomination as those deposited with the Custodian.
Nominee Name. Tuition: Please check the section appropriate to the legal authority to collect monies and complete the address/signature block. This form must be signed by an individual with authority to sign agreements and obligate the funds listed. Note: Tribal governments are not covered by the Intergovernmental Cooperation Act of 1968.
Nominee Name. To hold any or all of the property comprising the Trust Estate, including real property, stocks, bonds, or other securities or interests therein, in the Trustee's or a nominee's name and to take and keep any or all of such stocks, bonds or other securities in unregistered form and retain them or any of them in such condition that ownership shall pass by delivery.
Nominee Name. The Custodian is authorized to hold in physical form, such financial assets as are delivered to the Custodian in physical form; and to hold in the name of MCG, a securities depository, or their respective nominees, such financial assets as are customarily held in book entry, electronic or registered form. MCG authorizes the Custodian to hold financial assets in the Securities Account and shall accept delivery of financial assets of the same class and denomination as those deposited with the Custodian.
Nominee Name. The registered name issued by the Comptroller of the Currency into which a bank or a trust company registers the securities it holds as an investment agent for its trust department portfolios, thereby facilitating a good delivery to brokers at time of sale or exchange. A treasury which cannot be redeemed at the option of the issuer. Ineligible for a stated period of time, for redemption with funds raised through the sale of an issue having an interest cost lower than that on the outstanding bonds. Bonds with refunding protection are still subject to regular redemption and call for sinking funds.