Examples of Agent Member in a sentence
Members of, or participants in, the Depositary (“Agent Members”) and persons who hold beneficial interests in a Global Security through an Agent Member shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary.
The Clearing House may, in its absolute discretion and at any time require a Sponsored Member to transfer (or procure the transfer of) and/or require an Agent Member to transfer, other securities or assets to the Clearing House in substitution of any securities or assets transferred to the Clearing House pursuant to this SCRegulation 15.
Where the SC Rulebook so provides, references to Collateral being "transferred" from the Clearing House to the Sponsored Member may include the Clearing House recording in its books and records such Collateral as being attributable to the Sponsored Member and held in an account of the Sponsored Member and, where applicable, its corresponding Agent Member with the Clearing House.
The Clearing House is a "member", each Sponsored Member is a "member" and each Agent Member is a "member".
Each Sponsored Member and each Agent Member to whom this SC Regulation 7 applies shall take all steps and execute all documents necessary or required by the Clearing House to comply with its obligations arising out of this SC Regulation 7.