Examples of Custodian Certificates in a sentence
Custodian Certificates carry no voting rights, do not bear interest and no amount of interest or principal is payable thereon and are not secured by any property.
Absent such cancellation and notwithstanding any other provision of these Conditions, all Certificates held by or on behalf of the Issuer, shall be deposited with the Certificate Custodian and shall carry the same rights as Custodian Certificates.
The Custodian Certificates resold to the Dealer will upon resale cease to be Custodian Certificates and will be registered in the Register in the name of the Certificateholders or the number of Certificates held by an existing Certificateholder will be increased accordingly.
While held through a clearing system, the Custodian Certificates will be included in the total number of Certificates issued through such clearing system, will be classed as Certificates by the applicable clearing system, but the Certificate Custodian will renounce all rights that Certificates have and will notify the clearing system accordingly.
If the Certificates are Secured Certificates (other than the Secured Series Custodian Certificates), the Security will become enforceable upon the Note Trustee giving an Enforcement Notice (as defined in Condition 12) to the Issuer and the Security Trustee.
All Custodian Certificates outstanding (as defined in the Trust Deed) on the Maturity Date shall be cancelled.
The purchase of Custodian Certificates by the Dealer is conditional upon there not having been any adverse change, development or event reasonably likely to involve a prospective adverse change in the condition (financial or otherwise) of the Issuer which is material in the context of the transaction and on the Subscription Conditions Precedent being satisfied on the relevant date.
Upon enforcement of the Security, the Custodian Certificates will be cancelled and no payment thereon will be due.
Such clearing system will treat the Certificates held in the Certificate Custodian’s client account as not having any rights while they are held in the Certificate Custodian’s client account and will only have the same rights as other Certificates upon transfer to a new investor.Custodian Certificates in respect of Secured Certificates are referred to as "Secured Series Custodian Certificates".
Late Application Forms, Custodian Certificates (if applicable) and payments, if not processed, will be returned to you at your registered address.