Common use of Book-Entry Notes Clause in Contracts

Book-Entry Notes. The Notes, upon original issuance, will be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC). Such Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Note Owner will receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to Note Owners pursuant to Section 2.10 hereof: (i) the provisions of this Section shall be in full force and effect; (ii) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directions

Appears in 2 contracts

Sources: Indenture (Bay View Deposit CORP), Indenture (Bay View Deposit CORP)

Book-Entry Notes. The Notes (other than any Retained Notes), upon original issuance, will shall be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCThe Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC)Issuer. Such The Book-Entry Notes shall be such Notes registered initially be registered or from time to time on the Note Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Note Owner will thereof shall receive a Definitive definitive Note representing such Note Owner's ’s interest in such Note, except as provided in Section 2.10 hereof2.13. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to such Note Owners pursuant to Section 2.10 hereof2.13: (i) the provisions of this Section 2.11 shall be in full force and effect; (ii) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole Holder of the Notes, and shall have no obligation to the Note Owners; (iii) to the extent that the provisions of this Section 2.11 conflict with any other provisions of this Indenture, the provisions of this Section 2.11 shall control;

Appears in 2 contracts

Sources: Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC)

Book-Entry Notes. The Notes, upon original issuance, will shall be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCThe Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC)Issuer. Such The Book-Entry Notes shall initially be registered initially on the Note Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Note Owner will thereof shall receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof2.13. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to such Note Owners pursuant to Section 2.10 hereof2.13: (ia) the provisions of this Section 2.11 shall be in full force and effect; (iib) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole Holder of the Notes, and shall have no obligation to the Note Owners; (c) to the extent that the provisions of this Section 2.11 conflict with any other provisions of this Indenture, the provisions of this Section shall control; (d) the rights of Note Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Note Owners and the Clearing Agency and/or the Clearing Agency

Appears in 1 contract

Sources: Indenture (Daimler Benz Vehicle Receivables Corp)

Book-Entry Notes. The Unless otherwise provided in the related Supplemental Trust Agreement, the Notes, upon original issuance, will be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCThe Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC)Issuer. Such Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Note Owner will receive a Definitive Note (as defined below) representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereofherein. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to Note Owners pursuant to Section 2.10 hereof: 2.9: (i) the provisions of this Section shall be in full force and effect; ; (ii) the Note Registrar and the Indenture Trustee shall be entitled to may deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest and other amounts on the Notes and Notes) as the giving authorized representative of instructions or directionsthe Note Owners; (iii) to the extent that the provisions of this Section conflict with any other provisions of this Trust Agreement the provisions of this Section shall control;

Appears in 1 contract

Sources: Trust Agreement (Emt Corp)

Book-Entry Notes. The Notes, upon original issuance, Notes will be issued represented by a ---------------- permanent global note in fully registered form without coupons (the form of "Rule 144A Global Note") deposited with a typewritten Note or Notes representing the Book-Entry Notescustodian for, to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC). Such Notes shall initially be and registered on the Note Register in the name of Cede & Co.a nominee of, DTC. Beneficial interests in the nominee Rule 144A Global Note will be shown on, and transfers thereof will be effected only through, records maintained by DTC and its direct and indirect participants. It is expected that the delivery of the initial Clearing AgencyNotes will be made on March 19, and no Note Owner will receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof2002. Unless and until definitive, fully registered Definitive Notes (the "Definitive Notes") have been issued to Note Owners pursuant to Section 2.10 hereof:2.13(b): (i) the provisions of this Section shall be in full force and effect; (ii) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole Holder of the Notes, and shall have no obligation to the Note Owners; (iii) to the extent that the provisions of this Section conflict with any other provisions of this Indenture, the provisions of this Section shall control; (iv) the rights of Note Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Unless and until Definitive Notes are issued pursuant to Section

Appears in 1 contract

Sources: Indenture (TFC Enterprises Inc)

Book-Entry Notes. The Notes, upon original issuance, Notes will be issued represented by a permanent global note in fully registered form without coupons (the form of "Rule 144A Global Note") deposited with a typewritten Note or Notes representing the Book-Entry Notescustodian for, to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC). Such Notes shall initially be and registered on the Note Register in the name of Cede & Co.a nominee of, DTC. Beneficial interests in the nominee Rule 144A Global Note will be shown on, and transfers thereof will be effected only through, records maintained by DTC and its direct and indirect participants. It is expected that the delivery of the initial Clearing AgencyNotes will be made on October 9, and no Note Owner will receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof2002. Unless and until definitive, fully registered Definitive Notes (the "Definitive Notes") have been issued to Note Owners pursuant to Section 2.10 hereof:2.13(b): (i) the provisions of this Section shall be in full force and effect; (ii) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole Holder of the Notes, and shall have no obligation to the Note Owners; (iii) to the extent that the provisions of this Section conflict with any other provisions of this Indenture, the provisions of this Section shall control; (iv) the rights of Note Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Unless and until Definitive Notes are issued pursuant to Section

Appears in 1 contract

Sources: Indenture (TFC Enterprises Inc)

Book-Entry Notes. The Notes, upon original issuance, will shall be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCThe Depository Trust Company, the initial Clearing Agency, by, Agency by or on behalf of, of the Issuer (except for any fractional units which cannot be accepted by DTC)Issuer. Such Note or Notes shall initially be registered on the Note Register in the name of the Note Depository (initially, Cede & Co., the nominee of the initial Clearing Agency), and no Note Owner will shall receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof2.12. Unless and until definitive, fully registered Definitive Notes (the "Definitive Notes") have been issued to the Note Owners pursuant to Section 2.10 hereof2.12: (ia) the provisions of this Section 2.10 shall be in full force and effect; (iib) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole holder of the Notes and shall have no obligation to the Note Owners; (c) to the extent that the provisions of this Section

Appears in 1 contract

Sources: Indenture (First Security Auto Owner Trust 1998-1)

Book-Entry Notes. The Notes, upon original issuance, will shall be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCThe Depository Trust Company, the initial Clearing AgencyDepository, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC)Issuer. Such Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of the initial Clearing AgencyDepository, and no Note Beneficial Owner will shall receive a Definitive Note representing such Note Beneficial Owner's interest in such Note, except as provided in Section 2.10 hereof4.08. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to Note Beneficial Owners pursuant to Section 2.10 hereof4.08: (ia) the provisions of this Section 4.06 shall be in full force and effect; (iib) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency Depository for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole holder of the Notes, and shall have no obligation to the Beneficial Owners; (c)to the extent that the provisions of this Section 4.06 conflict with any other provisions of this Indenture, the provisions of this Section 4.06 shall control;

Appears in 1 contract

Sources: Indenture (GMACM Home Equity Loan Trust 2006-He1)

Book-Entry Notes. The Notes, upon original issuance, will be issued in the form of a typewritten Note or Notes representing the Book-Entry Notes, to be delivered to DTCBank One, National Association, as custodian for The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer (except for any fractional units which cannot be accepted by DTC)Owner Trustee. Such Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Note Owner will receive a Definitive Note representing such Note Owner's interest in such Note, except as provided in Section 2.10 hereof2.12. Unless and until definitive, fully registered Notes (the "Definitive Notes") have been issued to Note Owners pursuant to Section 2.10 hereof2.12: (ia) the provisions of this Section 2.10 shall be in full force and effect; (iib) the Note Registrar and the Indenture Trustee shall be entitled to deal with the Clearing Agency for all purposes of this Indenture (including the payment of principal of and interest on the Notes and the giving of instructions or directionsdirections hereunder) as the sole Holder of the Notes, and shall have no obligation to the Note Owners; (c) to the extent that the provisions of this Section 2.10 conflict with any other provisions of this Indenture, the provisions of this Section 2.10 shall control;

Appears in 1 contract

Sources: Indenture (M&i Auto Loan Trust 2002-1)