Entry Certificate Sample Clauses

Entry Certificate. If the Bank elects to issue Medium-Term Notes in book entry only form, it shall request that the Trustee register such Book Entry Only Notes in the name of the Depository or its nominee in such denominations as the Bank may specify. A certificate or certificates representing such Book Entry Only Notes will be held by the Depository. No Beneficial Holder will receive a definitive, fully registered certificate (a "Definitive Certificate") representing such Beneficial Holder's interest in the Book Entry Only Notes, except as provided in Section 4.4 hereof. Unless and until Definitive Certificates have been issued to the Beneficial Holders pursuant to Section 4.4 hereof: (a) The Bank and the Trustee may deal with the Depository for all purposes (including the making of distributions on the Book Entry Only Notes to the Depository) as the sole holder of the Book Entry Only Notes and the authorized representative of the Beneficial Holders. (b) The rights of the Beneficial Holders shall be exercised only through the Depository and shall be limited to those established by law and agreements between such Beneficial Holders and the Depository or the Depository Participants. (c) The Depository will make book entry transfers among the Depository Participants and receive and transmit distributions of principal and interest on the Book Entry Only Notes to such Depository Participants. (d) Whenever the Original Trust Indenture or this Eighth Supplemental Indenture requires or permits actions to be taken based upon instructions or directions of the holders of Debentures evidencing a specified percentage of the outstanding Debentures, the Depository shall be deemed to be counted in that percentage only to the extent that it has received instructions to such effect from the Beneficial Holders or the Depository Participants and has delivered such instructions to the Trustee.