Common use of Book-Entry Interests Clause in Contracts

Book-Entry Interests. The Units, on original issuance, will be issued in the form of one or more fully registered Global Units, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the initial Depositary. Such Global Units shall initially be registered on the books and records of the Company in the name of Cede & Co., the nominee of DTC, and no Beneficial Holder will receive a Definitive Unit representing such Beneficial Holder’s interest in such Global Unit, except as provided in Section 3.09. Unless and until definitive, fully registered Securities have been issued to Beneficial Holders pursuant to Section 3.09:

Appears in 22 contracts

Samples: Purchase Contract Agreement (BrightSpring Health Services, Inc.), Purchase Contract Agreement (BrightSpring Health Services, Inc.), Purchase Contract Agreement (Brookdale Senior Living Inc.)

AutoNDA by SimpleDocs

Book-Entry Interests. The Units, on original issuance, will be issued in the form of one or more fully registered Global Units, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the initial Depositary. Such Global Units shall initially be registered on the books and records of the Company in the name of Cede & Co., the nominee of DTC, and no Beneficial Holder Owner will receive a Definitive Unit representing such Beneficial HolderOwner’s interest in such Global UnitUnits, except as provided in Section 3.09. Unless and until definitive, fully registered Securities have been issued to Beneficial Holders Owners pursuant to Section 3.09:

Appears in 1 contract

Samples: Purchase Contract Agreement (William Lyon Homes)

AutoNDA by SimpleDocs

Book-Entry Interests. The Units, on original issuance, will be issued in the form of one or more fully registered Global Units, to be delivered to the Depositary or its custodian by, or on behalf of, the CompanyCompany and the Note Issuer. The Company and the Note Issuer hereby designates designate DTC as the initial Depositary. Such Global Units shall initially be registered on the books and records of the Company in the name of Cede & Co., the nominee of DTC, and no Beneficial Holder will receive a Definitive Unit representing such Beneficial Holder’s interest in such Global Unit, except as provided in Section 3.09. Unless and until definitive, fully registered Securities Units have been issued to Beneficial Holders pursuant to Section 3.09:

Appears in 1 contract

Samples: Units Agreement (Hovnanian Enterprises Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.