Creation and issue Clause Samples
The 'Creation and issue' clause defines the process by which certain documents, instruments, or securities are formally generated and distributed. Typically, this clause outlines the steps required for the creation of the relevant item, such as approvals, signatures, or compliance with specific procedures, and details how and to whom the item will be issued. Its core practical function is to ensure that the creation and distribution of important documents or securities are conducted in a controlled, transparent, and legally compliant manner, thereby reducing the risk of disputes or unauthorized issuances.
Creation and issue. Borrower Notes are issued and created by the Registrar entering into the Register the particulars of the Borrower Notes.
Creation and issue of Warrants
Creation and issue. (a) A Series of Bonds shall be constituted by:
(i) the Issuer delivering a completed and signed Series Supplement to the Supervisor and to the Registrar; and
(ii) the Supervisor signing and returning the Series Supplement to the Issuer.
(b) A Series of Bonds shall be issued and created by the Registrar entering the particulars of that constituted Series into the Register in accordance with clause 6.1(a).