Certificateless Depositary Interests definition

Certificateless Depositary Interests means, with respect to any Tranche of Notes, the beneficial interests that shall, at all times prior to the issuance of Definitive Registered Notes in respect of such Tranche, represent the right to receive 100% of the principal of, premium (if any) and interest and Additional Amounts (if any) on the underlying Global Note of such Tranche and that in each case are issued to the Beneficial Owners or their respective nominees by the Depositary.
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Certificateless Depositary Interests means an interest in a Global Note held by the Book-Entry Depositary that (i) shall at all times prior to the issuance of Definitive Notes in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, Additional Amounts (if any) of, and Liquidated Damages (if any) in respect of, the underlying Global Note and the right to require the Book-Entry Depositary to procure the issue of one or more Definitive Notes representing up to 100% of the principal amount represented by such Global Note and (ii) is issued by the Book-Entry Depositary to a Depositary or its nominee.
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Certificateless Depositary Interests or “CDIs” means the certificateless depositary interest, issued by the Book-Entry Depositary to DTC or its nominee pursuant to the Deposit Agreement, that represents a 100% interest in a Global Note issued under this Supplemental Indenture.
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Examples of Certificateless Depositary Interests in a sentence

  • The Depositary shall issue to DTC Certificateless Depositary Interests and shall issue to Euroclear and/or Clearstream Certificated Depositary Interests, which together shall represent a 100 per cent.

  • The CDIs will be registered in the name of Cede & Co., as nominee of DTC (with respect to Certificateless Depositary Interests issued to DTC) or the nominee of a common depositary for Euroclear and Clearstream (with respect to Certificated Depositary Interests issued to Euroclear and/or Clearstream).

  • The Depositary shall have executed a Letter of Representations to DTC acceptable in form and substance to DTC with respect to the Certificateless Depositary Interests issued to DTC.

  • The Certificateless Depositary Interests shall not be transferred (i) except as a whole and only to a Depositary, (ii) unless such transfer is noted in the records of the Book-Entry Depositary and (iii) unless such transfer is confirmed by the Depositary and ownership of the Certificateless Depositary Interests are transferred to and registered in the name of a Depositary, authorized by the transferor Depositary and approved by the Issuer.

  • The Issuer hereby appoints the Book-Entry Depositary as its agent for the sole purpose of maintaining at its Corporate Trust Office records in which it shall (i) record the Depositary as the initial owners of the Certificateless Depositary Interests, (ii) record the transfer of any Certificateless Depositary Interests and (iii) record the increases and decreases in the principal amount represented by Certificateless Depositary Interests in such Global Note.

  • Subject to the provisions of this Agreement, only the Depositary in whose names the Certificateless Depositary Interests are recorded on the records of the Book-Entry Depositary at the close of business on such record date shall be entitled to receive any such payment, to give instructions as to such action or to act in respect of any such matter.

  • The Book-Entry Depositary and the Note Custodian shall not themselves exercise any discretion in the granting of consents or waivers or the taking of any other action in respect of the Certificateless Depositary Interests, the Book-Entry Interests or Global Notes.

  • The Certificateless Depositary Interests shall be issuable only to a Depositary.

  • The Book-Entry Depositary shall not recognize any transfer or exchange of ownership of the Certificateless Depositary Interests that does not comply with the provisions of this Section 2.04.

  • In connection with the Exchange Offer by the Company, Book-Entry Interests in the Certificateless Depositary Interests in the Old Notes ("Old Book-Entry Interests"), which are traded through the facilities of The Depository Trust Company, may be tendered to the Book-Entry Depositary in exchange for Book-Entry Interests in the Certificateless Depositary Interests in the New Notes ("New Book-Entry Interests").


More Definitions of Certificateless Depositary Interests

Certificateless Depositary Interests means collectively, (i) the ------------------------------------ beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect to the underlying Regulation S Global Security, (ii) the beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect of the underlying Rule 144A Global Security and (iii) the beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect of the underlying IAI Global Security, and that in each case is issued to the Depositary or its nominee by the Book-Entry Depositary.
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Related to Certificateless Depositary Interests

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Depositor and the Depositary, as the initial Clearing Agency, dated as of the Closing Date, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

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

  • Regulation S Global Certificates As defined in Section 5.02(c)(i) of this Agreement.

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • American Depositary Shares means the securities created under this Deposit Agreement representing rights with respect to the Deposited Securities. American Depositary Shares may be certificated securities evidenced by Receipts or uncertificated securities. The form of Receipt annexed as Exhibit A to this Deposit Agreement shall be the prospectus required under the Securities Act of 1933 for sales of both certificated and uncertificated American Depositary Shares. Except for those provisions of this Deposit Agreement that refer specifically to Receipts, all the provisions of this Deposit Agreement shall apply to both certificated and uncertificated American Depositary Shares. Each American Depositary Share shall represent the number of Shares specified in Exhibit A to this Deposit Agreement, except that, if there is a distribution upon Deposited Securities covered by Section 4.3, a change in Deposited Securities covered by Section 4.8 with respect to which additional American Depositary Shares are not delivered or a sale of Deposited Securities under Section 3.2 or 4.8, each American Depositary Share shall thereafter represent the amount of Shares or other Deposited Securities that are then on deposit per American Depositary Share after giving effect to that distribution, change or sale.

  • Global Certificates Any Certificate registered in the name of the Depository or its nominee.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold outside of the United States in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Uncertificated Securities Register means the record of Uncertificated Securities administered and maintained by a Participant or Central Securities Depositary, as determined in accordance with the rules of the Central Securities Depositary.

  • Book-Entry Interest means a beneficial interest in a Global Certificate, ownership and transfers of which shall be maintained and made through book entries by a Clearing Agency as described in Section 9.4.

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Restricted Global Certificate Has the meaning specified in Section 3.01(c).

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Regulation S Permanent Global Certificate means any single permanent global Certificate, in definitive, fully registered form without interest coupons received in exchange for a Regulation S Temporary Global Certificate.

  • Certificate Custodian Initially, Wachovia Bank, National Association; thereafter any other Certificate Custodian acceptable to The Depository Trust Company and selected by the Trustee.

  • Regulation S Global Securities Appendix A

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Uncertificated ADS(s) shall have the meaning set forth in Section 2.13.

  • Depositary means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture.

  • Book-Entry Certificates As specified in the Preliminary Statement.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Regulation S Global Security The meaning specified in Section 3.01(c).

  • Global Certificate Any Private Certificate registered in the name of the Depository or its nominee, beneficial interests in which are reflected on the books of the Depository or on the books of a Person maintaining an account with such Depository (directly or as an indirect participant in accordance with the rules of such depository).

  • Book-Entry Non-Registered Certificate Any Non-Registered Certificate that constitutes a Book-Entry Certificate.