Common use of CREST Clause in Contracts

CREST. Where any Shares are or may be held in CREST, reference to such Shares shall, where the context permits, also include reference to: 1.6.1 all rights of any kind which the Chargor may now have or acquire in future as against CREST in respect of any Shares, including (but without limitation) any rights which the Chargor may have: (a) under any agreement with CREST or Euroclear UK & Ireland Limited; and/or (b) to require delivery by CREST of any Shares to, or to the order of, the Chargor; and 1.6.2 all rights of any kind which the Chargor may now have or acquire in future as against a custodian in respect of any Shares held in such custodian's account with CREST including (but without limitation to) any rights which the Chargor may have: (a) under any agreement with such custodian relating to the use of such account; and/or (b) to require delivery by such custodian of any Shares to, or to the order of, the Chargor.

Appears in 2 contracts

Sources: Debenture, Debenture

CREST. Where any Shares are or may be held in CREST, reference to such Shares shall, where the context permits, also include reference to: 1.6.1 (a) all rights of any kind which the Chargor may now have or acquire in future as against CREST in respect of any Shares, including (but without limitation) any rights which the Chargor may have: (ai) under any agreement with CREST or Euroclear UK & Ireland Limited; and/or (bii) to require delivery by CREST of any Shares to, or to the order of, the Chargor; and 1.6.2 (b) all rights of any kind which the Chargor may now have or acquire in future as against a custodian in respect of any Shares held in such custodian's account with CREST including (but without limitation to) any rights which the Chargor may have: (ai) under any agreement with such custodian relating to the use of such account; and/or (bii) to require delivery by such custodian of any Shares to, or to the order of, the Chargor.

Appears in 1 contract

Sources: Debenture