Common use of Book-Entry Bonds Clause in Contracts

Book-Entry Bonds. The Bonds, upon original issuance, will be issued in the form of a typewritten Bond or Bonds representing the Book-Entry Bonds, to be delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer pursuant to the DTC Agreement. Such Bond shall initially be registered on the Bond Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no beneficial owner of a Bond will receive a definitive Bond representing such beneficial owner's interest in such Bond, except as provided in Section 2.13. Unless and until definitive, fully registered Bonds (the "Definitive Bonds") have been issued to Bondholders pursuant to Section 2.13:

Appears in 2 contracts

Samples: Indenture (FPL Recovery Funding LLC), Indenture (Florida Power & Light Co)

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Book-Entry Bonds. (a) The Bonds, upon original issuance, will be issued in the form of a typewritten Bond or Bonds representing the Book-Entry Bonds, to be delivered to the DTC Custodian as custodian for The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer pursuant to the DTC AgreementIssuer. Such Bond The Bonds shall initially be registered on in the Bond Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no beneficial owner of a Bond Owner will receive a definitive Bond bond representing such beneficial ownerBond Owners's interest in such Bondthe Bonds, except as provided in Section 2.132.12. Unless and until definitive, fully registered Bonds (the "Definitive Bonds") have been issued to Bondholders the Bond Owners pursuant to Section 2.132.12:

Appears in 1 contract

Samples: Allied Capital Corp

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Book-Entry Bonds. The Unless otherwise specified in the Supplement, the Bonds, upon original issuance, will be issued in the form of a typewritten Bond or Bonds representing the Book-Entry Bonds, to be delivered to The Depository Trust CompanyDTC, as the initial Clearing Agency, by, or on behalf of, the Issuer pursuant to the DTC AgreementIssuer. Such Bond shall initially be registered on the Bond Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no beneficial owner of a Bond Owner will receive a definitive Bond representing such beneficial owner's Bond Owner’s interest in such Bond, except as provided in Section 2.13. Unless and until definitive, fully registered Bonds (the "Definitive Bonds") replacing the Book-Entry Bonds have been issued to Bondholders pursuant to Section 2.132.13 or pursuant to the Supplement:

Appears in 1 contract

Samples: CenterPoint Energy Restoration Bond Company, LLC

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