Custody Instruction definition
Custody Instruction means an instruction substantially in the form set out in Appendix 2 to the Custody Terms and any and all instructions (including approvals, consents and notices) received by the Custodian from, or reasonably believed by the Custodian to be from, the Relevant Authorised Representative(s) of each of the Escrow Parties, including any instructions communicated through any manual or electronic medium or system agreed between the Escrow Parties and the Custodian.
Custody Instruction has the meaning set out in Section 1.1 of the Custody Terms.
Custody Instruction means the instruction to be submitted by an Account Holder on behalf of the relevant Noteholder, to block their position in the Notes in the relevant Clearing System account. “Deed of Release” means the deed of release to be executed by the Scheme Creditors for the benefit of the Company and other beneficiaries on the Restructuring Effective Date, substantially in the form set out in Appendix 8 (Deed of Release) to the Explanatory Statement. “Deferred Restructuring Effective Date” means the date specified as such in any Extension Notice. “Depositary” means Citibank Europe plc. “Distribution Blocking Date” has the meaning provided in Clause 9.2(a) of this Scheme. “Distribution Record Date” means the first Business Day after the Distribution Blocking Date. “Eligible Consenting Creditor” means a Consenting Creditor who votes in favour of the Scheme at the Scheme Meeting validly and effectively, who has not exercised its right to terminate the RSA and has not breached any provision of the RSA in any material respect. “Eligible Notes” means, with respect to an Eligible Consenting Creditor, the lower of: (a) the aggregate principal amount of the Notes (as set out in its Account Holder Letter) in respect of which that Eligible Consenting Creditor voted in favour of the Scheme; and (b) the aggregate principal amount of its Restricted Notes as indicated in its most recent Restricted Notes Notice (as defined in the RSA) delivered to the Information Agent in accordance with the terms of the RSA on or prior to the Consent Fee Deadline (as defined in the RSA). “Equity Purchase Agreement” means an equity purchase agreement dated 28 October 2020, entered into between the Seller and the Purchaser in relation to the Asset Sale. “Escrow Account” means an escrow account maintained by JPMorgan Chase Bank, N.A. established for, among others, holding and distributing the Escrow Funds in accordance with the terms of the Escrow Agreement. “Escrow Agent” means JPMorgan Chase Bank, N.A., in its capacity as escrow agent under the Escrow Agreement.
Examples of Custody Instruction in a sentence
The Custodian shall not act upon any Custody Instruction unless it is signed by the Relevant Authorised Representative(s) of each of the Escrow Parties, save that, in the case of a Custody Instruction to be delivered pursuant to Clause 4.1(c) of the Agreement, the Custodian may act upon such Custody Instruction if it is signed by the Relevant Authorised Representative(s) of the Client only.
This Agreement together with the agreement between the Fund and the Custodian relating to the Fund's use of the Custodian's Global Custody Instruction System (trademark) set forth the entire understanding of the parties hereto and supersede all prior agreements and understandings between the parties hereto relating to the subject matter hereof.