Direct Participant definition

Direct Participant or "DTC Participant": Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depository.

Direct Participant. Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depositary.

Direct Participant. Any broker-dealer, bank or other financial institution for which the Clearing Agency holds Notes from time to time as a securities depositary.

Examples of Direct Participant in a sentence

• The fees and/or costs, if any, of the relevant Direct Participant or other intermediary in connection with the delivery of any such notice shall be borne by the relevant beneficial holder.

• Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to the Notes unless authorized by a Direct Participant in accordance with DTC’s Procedures.

• EXHIBIT A – DEFINED TERMS These defined terms apply to the Contract for Energy Services (Direct Participant) and the Contract for Energy Services (Aggregator).

• DTC will be responsible for distributing the principal and accrued interest among its Direct Participants, as applicable, pro rata in accordance with its rules and procedures for a pro rata pass-through distribution of principal based upon the beneficial interest in the Series 2022 Bonds being redeemed that DTC records list as owned by each DTC Direct Participant as of the record date for such payment.

• Access to the DTC system is also available to others such as securities brokers and dealers, including the placement agents, banks and trust companies that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”).

More Definitions of Direct Participant

Direct Participant. Any broker-dealer, bank or other financial institution for which the Depository holds Offered Certificates from time to time as a securities depository.

Direct Participant means a participant in the book-entry system of recording ownership interests in the Multi-Modal Bonds.

Direct Participant means any broker-dealer, bank or other financial institution for whom the nominee of DTC holds an interest in any Note.

Direct Participant means a Participant as defined in the Letter of Representations.

Direct Participant means any broker-dealer, bank or other financial institution for whom the nominee of the Depository holds an interest in any Note.

Direct Participant means a bank or other institution that maintains an account in its name in a clearing corporation and through which an insurance company participates in a clearing corporation.

Direct Participant means each person who is shown in the records of a Clearing System as a Noteholder;