Common use of Primary Distribution Clause in Contracts

Primary Distribution. Debentures and Medium-Term Notes issued and settled through the Fed-Book-Entry System shall settle in same-day funds and shall be held by designated Holders. After initial issue, all such Debentures and Medium-Term Notes shall continue to be held by such Holders on the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Holders. Debentures and Medium-Term Notes shall not be exchangeable for definitive Debentures and Medium-Term Notes.

Primary Distribution. Debentures and Medium-Term Notes issued and settled through the Fed-Book-Entry System shall settle in same-day funds and shall be held by designated Holders. After initial issue, all such Debentures and Medium-Medium- Term Notes shall continue to be held by such Holders on the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Holders. Debentures and Medium-Term Notes shall not be exchangeable for definitive Debentures and Medium-Term Notes.

Primary Distribution. Debentures and Medium-Term Notes issued and settled through the Fed-Book-Entry System shall settle in same-day funds and shall be held by designated Holders. After initial issue, all such Debentures and Medium-Term Notes shall continue to be held by such Holders on the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Holders. Debentures and Medium-Term Notes shall not be exchangeable for definitive deÑnitive Debentures and Medium-Term Notes.

Primary Distribution. Debentures and Unless otherwise specified in the applicable Supplemental Agreement, Medium-Term Notes shall be issued and settled through the Fed-Book-Book Entry System shall settle in same-day funds and shall be held by designated HoldersHolding Institutions. After initial issue, all such Debentures and Medium-Term Notes shall continue to be held by such Holders on Holding Institutions in the Fed BookFed-Book Entry System unless arrangements are made for the transfer thereof to other Holders. Debentures and Medium-Term Notes shall not be exchangeable for definitive Debentures and Medium-Term Notesanother Holding Institution.