Depository is Registered Holder Sample Clauses
The 'Depository is Registered Holder' clause establishes that the depository, rather than the individual beneficial owners, is recognized as the official holder of securities on the issuer's records. In practice, this means that all rights and communications related to the securities, such as voting or receiving dividends, are initially directed to the depository, which then passes them on to the beneficial owners according to its own procedures. This arrangement streamlines the administration of securities held in large quantities and facilitates efficient transfer and settlement, solving the problem of managing numerous individual holders on the issuer's books.
Depository is Registered Holder. For the purposes of these Series 7 Preferred Limited Partnership Unit Provisions, as long as the Depository, or its nominee, is the registered Holder of the Series 7 Preferred Limited Partnership Units, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series 7 Preferred Limited Partnership Units for the purpose of receiving notices or payments on or in respect of the Series 7 Preferred Limited Partnership Units, including payments of Series 7 Distributions, the Redemption Price or accrued and unpaid Series 7 Distributions, and the delivery of Series 8 Preferred Limited Partnership Units and certificates for those units on the reclassification into Series 8 Preferred Limited Partnership Units.
Depository is Registered Holder. For the purposes of these Series AN Preferred Share provisions, as long as the Depository, or its nominee, is the registered Holder of the Series AN Preferred Shares, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series AN Preferred Shares for the purpose of receiving notices or payments on or in respect of the Series AN Preferred Shares, including payments of Series AN Dividends, the Redemption Price or Accrued and Unpaid Dividends on the Series AN Preferred Shares, and the delivery of Series AM Preferred Shares and certificates for those shares on the conversion into Series AM Preferred Shares. The Series AO Preferred Shares shall, in addition to the rights, privileges, restrictions and conditions attaching to the first preferred shares of the Corporation (the “First Preferred Shares”) as a class, have the following rights, privileges, restrictions and conditions:
Depository is Registered Holder. For the purposes of these Series 5 Preferred Limited Partnership Unit Provisions, as long as the Depository, or its nominee, is the registered Holder of the Series 5 Preferred Limited Partnership Units, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series 5 Preferred Limited Partnership Units for the purpose of receiving notices or payments on or in respect of the Series 5 Preferred Limited Partnership Units, including payments of Series 5 Distributions, the Redemption Price or accrued and unpaid Series 5 Distributions.
Depository is Registered Holder. For the purposes of these Series 19 Preferred Limited Partnership Unit Provisions, as long as the Depository, or its nominee, is the registered Holder of the Series 19 Preferred Limited Partnership Units, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series 19 Preferred Limited Partnership Units for the purpose of receiving notices or payments on or in respect of the Series 19 Preferred Limited Partnership Units, including payments of Series 19 Distributions, the Redemption Price or accrued and unpaid Series 19 Distributions, and the delivery of Series 20 Preferred Limited Partnership Units and certificates for those units on the reclassification into Series 20 Preferred Limited Partnership Units.
Depository is Registered Holder. For the purposes of these Series AR Preferred Share provisions, as long as the Depository, or its nominee, is the registered Holder of the Series AR Preferred Shares, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series AR Preferred Shares for the purpose of receiving notices or payments on or in respect of the Series AR Preferred Shares, including payments of Series AR Dividends, the Redemption Price or Accrued and Unpaid Dividends on the Series AR Preferred Shares, and the delivery of Series AQ Preferred Shares and certificates for those shares on the conversion into Series AQ Preferred Shares.