Common use of Securities Intermediary Clause in Contracts

Securities Intermediary. Securities Intermediary is a “securities intermediary” (as that term is defined in Section 8-102(a)(14) of the UCC) and is acting in such capacity with respect to the Reserve Account. Securities Intermediary is not a “clearing corporation” (as that term is defined in Section 8-102(a)(5) of the UCC).

Appears in 34 contracts

Sources: Securities Account Control Agreement (Toyota Auto Receivables 2017-a Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2017-a Owner Trust), Securities Account Control Agreement (Toyota Auto Finance Receivables LLC)

Securities Intermediary. Securities Intermediary is a "securities intermediary" (as that term is defined in Section 8-102(a)(14) of the UCCCode) and is acting in such capacity with respect to the Reserve AccountCollateral Accounts. Securities Intermediary is not a "clearing corporation" (as that term is defined in Section 8-102(a)(5) of the UCCCode).

Appears in 8 contracts

Sources: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Las Vegas LLC), Master Disbursement Agreement (Wynn Resorts LTD)

Securities Intermediary. Securities Intermediary is a “securities intermediary” (as that term is defined in Section 8-102(a)(14) of the UCC) and is acting in such capacity with respect to the Reserve Account. Securities Intermediary is not a “clearing corporation” (as that term is defined in Section 8-102(a)(5102(4)(5) of the UCC).

Appears in 8 contracts

Sources: Securities Account Control Agreement (Toyota Auto Receivables 2011-a Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2011-a Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2010-C Owner Trust)

Securities Intermediary. Securities Intermediary is a “securities intermediary” (as that term is defined in Section 8-102(a)(14) of the UCC) ), and is acting in such capacity with respect to the Reserve Account. Securities Intermediary is not a “clearing corporation” (as that term is defined in Section 8-102(a)(5) of the UCC). Securities Intermediary has and shall continue to have one or more offices in the United States that will administer the Reserve Account.

Appears in 4 contracts

Sources: Securities Account Control Agreement (Toyota Auto Receivables 2017-C Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2017-C Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2017-B Owner Trust)

Securities Intermediary. Securities Intermediary is a "securities intermediary" (as that term is defined in Section 8-102(a)(14) of the UCCCode) and is acting in such capacity with respect to the Reserve Collateral Account. Securities Intermediary is not a "clearing corporation" (as that term is defined in Section 8-102(a)(5) of the UCCCode).

Appears in 2 contracts

Sources: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)

Securities Intermediary. Securities Intermediary is a "securities intermediary" (as that term is defined in Section 8-102(a)(14) of the UCCCode) and is acting in such ANNEX A-12 capacity with respect to the Reserve AccountCollateral Accounts. Securities Intermediary is not a "clearing corporation" (as that term is defined in Section 8-102(a)(5) of the UCCCode).

Appears in 1 contract

Sources: Mortgage Notes Proceeds Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)