Alternative Clearing System definition

Alternative Clearing System means any additional or alternative clearing system (other than Euroclear and Clearstream, Luxembourg) approved by the Issuer, the Guarantor, the Trustee and the Issuing and Paying Agent;

Alternative Clearing System means any clearing system (including without limitation The Depositary Trust Company (“DTC”)) other than Euroclear or Clearstream, Luxembourg;

Alternative Clearing System means any clearing system other than Euroclear or Clearstream, Luxembourg;

Examples of Alternative Clearing System in a sentence

• Where transfers are permitted in part, Certificates issued to transferees shall not be Global Certificates unless the transferee so requests and certifies to the Registrar that it is, or is acting as a nominee for, Clearstream, Luxembourg, Euroclear and/or an Alternative Clearing System.

• For the purposes of holding the Charged Assets, the Sub-Custodian has opened and maintained a sub-custody account in the name of the Custodian (in respect of the Issuer Depositary Account) with the Alternative Clearing System (the “Issuer Sub-Custody Account”) and has opened and maintained a sub-custody account in the name of the Custodian (in respect of the Trustee Depositary Account) with the Alternative Clearing System (the “Trustee Sub-Custody Account”).

• Payments of principal or interest (if any) in respect of a Global Registered Certificate will be made through Euroclear or Clearstream, Luxembourg or the relevant Alternative Clearing System or, if so specified in the Constituting Instrument, through the person named in such Constituting Instrument, against, in the case of payments of principal only, presentation or surrender, as the case may be, of the Global Registered Certificate.

• So long as the relevant Global Registered Certificate is registered in the name of a person other than a nominee for Euroclear, Clearstream, Luxembourg or an Alternative Clearing System, each of the persons shown in the records of such person as the holder of a Note must look solely to such person for its share of each payment so made by the Issuer to such person, subject to the rules and procedures established from time to time by such person.

• Payments of principal or interest (if any) in respect of a Permanent Global Note will be made through Euroclear or Clearstream, Luxembourg or the relevant Alternative Clearing System against presentation or surrender, as the case may be, of the Permanent Global Note.

More Definitions of Alternative Clearing System

Alternative Clearing System. All references in this Agreement to Euroclear and/or Clearstream, Luxembourg shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Relevant Dealer(s) and the Issue and Paying Agent. In the case of NGCBs, such alternative clearing system must be authorised to hold such Notes as eligible collateral for Eurosystem monetary policy and intra-day credit operations.

Alternative Clearing System means any such other clearing system as shall have been approved by the Trustee.

Alternative Clearing System has the meaning set out in Condition 5; “Bonds” has the meaning set out in the introductive paragraph of Section 5;

Alternative Clearing System means any clearing system other than Euroclear or Clearstream, Luxembourg

Alternative Clearing System means any additional or alternative clearing system (other than DTC) approved by the Issuer, the Trustee and the Principal Paying Agent;

Alternative Clearing System has the meaning given in the Global Certificate;

Alternative Clearing System means a clearing system as shall have been designated by the Company and approved by the Trustee (such approval not to be unreasonably withheld or delayed);