Dematerialization Clause Samples

The Dematerialization clause establishes that securities or financial instruments will be issued, held, and transferred in electronic form rather than as physical certificates. In practice, this means that ownership records are maintained digitally, often through a central depository or electronic registry, and transactions are processed electronically. This clause streamlines the management and transfer of securities, reduces the risk of loss or forgery of physical documents, and increases efficiency in trading and settlement processes.
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Dematerialization. 19.1 The IBO agrees that exchanges under this Agreement and its implementation are done in dematerialized form. It is the IBO’s responsibility to obtain all necessary tools to this end. 19.2 The IBO must regularly check his/her personal space to be aware of CERULE messages. These take effect from the moment they are posted online. 19.3 The IDs and passwords provided by CERULE are strictly personal and may not be shared with third parties. Any utilization of usernames and passwords is deemed to come from the IBO unless he is able to prove that a fraud was committed without his/her consent.
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Dematerialization. If any of the Common Shares are to be dematerialized, then prior to any such dematerialization, the Shareholders shall enter into appropriate undertakings and documents with the Depository and the Depository Participant to the effect that all such Common Shares (to be dematerialized) are subject in all respects to the restrictions contained in this Agreement and shall be valid during the subsistence of this Agreement.
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Dematerialization. The Shareholders acknowledge and agree that in the future, the Shares could be dematerialized in accordance with the Federal Act on Intermediated Securities or tokenized in accordance with the Swiss DLT Bill in order to allow trading in the market.
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Related to Dematerialization

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Functionality Customer is entitled to additional functionality previously purchased or bundled with the software if available in the version or update released on or after the start date of the Agreement. Customer acknowledges that certain functionality in current and previous software versions may not be available in future upgrades. Added functionality may require additional paid services (clinical and technical) to configure and support.

  • Interoperability To the extent required by applicable law, Cisco shall provide You with the interface information needed to achieve interoperability between the Software and another independently created program. Cisco will provide this interface information at Your written request after you pay Cisco’s licensing fees (if any). You will keep this information in strict confidence and strictly follow any applicable terms and conditions upon which Cisco makes such information available.

  • Timeline Contractor must perform the Services and deliver the Deliverables according to the following timeline:

  • Development Within twenty (20) Working Days after the Commencement Date and in accordance with paragraphs 3.10 to 3.12 (Amendment and Revision), the Contractor will prepare and deliver to the Authority for approval the full and final Security Plan which will be based on the draft Security Plan set out in Appendix B.