Book-Entry Termination definition

Book-Entry Termination. The occurrence of any of the following events: (i) the Clearing Agency is no longer willing or able to properly discharge its responsibilities with respect to the Book Entry Certificates, and the Depositor is unable to locate a qualified successor; or (ii) the Depositor at its option advises the Trustee and the Certificate Registrar in writing that it elects to terminate the book-entry system through the Clearing Agency.
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Book-Entry Termination. As defined in Section 3.09(c).
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Book-Entry Termination. The date on which the Clearing Agency is no longer willing or able to properly discharge its responsibilities with respect to the Book Entry Certificates, and the Depositor is unable to locate a qualified successor.
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Examples of Book-Entry Termination in a sentence

  • The Notes will be issued initially as one or more certificates in the name of Cede & Co., as nominee for the Clearing Agency maintaining book-entry records with respect to ownership and transfer of such Notes, and registration of the Notes may not be transferred by the Note Registrar except upon Book-Entry Termination.

  • The Notes will be issued initially as one or more certificates in the name of the Cede & Co., as nominee for the Clearing Agency maintaining book-entry records with respect to ownership and transfer of such Notes, and held by the Clearing Agency or, pursuant to the Clearing Agency's instructions on behalf of the Clearing Agency, deposited with the Indenture Trustee, and registration of the Notes may not be transferred by the Note Registrar except upon Book-Entry Termination.

  • The Notes will be issued initially as one or more certificates in the name of the Cede & Co., as nominee for the Clearing Agency maintaining book-entry records with respect to ownership and transfer of such Notes, and registration of the Notes may not be transferred by the Note Registrar except upon Book-Entry Termination.

  • The Bonds will be issued initially as one or more certificates in the name of the Cede & Co., as nominee for the Clearing Agency maintaining book-entry records with respect to ownership and transfer of such Bonds, and registration of the Bonds may not be transferred by the Bond Registrar except upon Book-Entry Termination.

  • Until the occurrence of Book-Entry Termination, the Note Registrar shall deal with the Clearing Agency as the sole Holder of the Notes for purposes of exercising the rights of Noteholders hereunder.


More Definitions of Book-Entry Termination

Book-Entry Termination. The time at which the book-entry registration of the Book-Entry Notes shall terminate, as specified in Section 2.13.
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Book-Entry Termination. The time at which the book-entry registration of the Book-Entry Bonds shall terminate, as specified in Section 2.13.
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Book-Entry Termination. (if each Series is issued with Book Entry Bonds),
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Book-Entry Termination. As defined in Section 2.14.
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Book-Entry Termination. The occurrence of any of the following events: (i) the Depository is no longer willing or able to properly discharge its responsibilities with respect to the Book Entry Bonds, and the Issuer is unable to locate a qualified successor or (ii) the Issuer at its option advises the Trustee and the Bond Registrar in writing that it elects to terminate the book-entry system through the Depository.
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Book-Entry Termination. As defined in Section 3.09(c). 113535 Sequoia 2004-7 Pooling and Servicing Agmt.
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Book-Entry Termination. (if each Series is issued with Book Entry Bonds), (f) "Calculation Date",
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