Depository Custodian definition

Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entity thereto.

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Depository Custodian means the Trustee as custodian with respect to the global Securities or any successor entity thereto.

Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entity thereto. “Designated Non-cash Consideration” means the fair market value of non-cash consideration received by the Issuer or any of

Examples of Depository Custodian in a sentence

• If Custodian deposits Securities with a Sub-Custodian or Depository, Custodian shall maintain adequate records showing the identity and location of the Sub-Custodian or Depository, the Securities held by the Sub-Custodian or Depository and each account to which such Securities belong.

• If a purchase or sale is settled through a Sub-Custodian or Depository, Custodian shall exercise such ordinary care and diligence as would be employed by a reasonably prudent custodian in verifying proper consummation of the transaction by the Sub-Custodian or Depository.

• In selecting an Eligible Securities Depository, Custodian shall exercise reasonable care, prudence, and diligence in evaluating the custody risks associated with maintaining Securities with the Eligible Securities Depository under Custodian's custody arrangements with any relevant Eligible Foreign Custodian and the Eligible Securities Depository.

• If securities sold by a Portfolio are held in a Book-Entry System or Domestic Securities Depository, Custodian (or such sub-custodian) shall transfer such securities upon (A) receipt of advice from the Book-Entry System or Domestic Securities Depository that payment for such securities has been transferred to the Depository Account, and (B) the making of an entry on the records of Custodian (or of such sub-custodian) to reflect such transfer and payment for the account of such Portfolio.

• Where a Subcustodian deposits Securities with a Securities Depository, Custodian will cause the Subcustodian to identify on its records as belonging to Custodian, as agent, the Securities shown on the Subcustodian’s account at such Securities Depository.

• In the event Customer incurs a loss due to the negligence, willful default, or insolvency of a Securities Depository, Custodian will make reasonable efforts, in its discretion, to seek recovery from the Securities Depository, but Custodian will not be obligated to institute legal proceedings, file a proof of claim in any insolvency proceeding, or take any similar action.

• If securities sold by the Company are held in a Book-Entry System or Domestic Securities Depository, Custodian (or such sub-custodian) shall transfer such securities upon (A) receipt of advice from the Book-Entry System or Domestic Securities Depository that payment for such securities has been transferred to the Depository Account, and (B) the making of an entry on the records of Custodian (or of such sub-custodian) to reflect such transfer and payment for the account of the Company.

• In the event that a Foreign Sub-Custodian is authorized to hold any of the Foreign Securities placed in its care in a foreign Securities Depository, Custodian will direct the Foreign Sub-Custodian to identify the Foreign Securities on the books of the foreign Securities Depository as being held for the account of Custodian as custodian for its customers.

• If a purchase or sale is effected through a Depository, Custodian shall exercise such ordinary care and diligence as would be employed by a reasonably prudent custodian and due diligence in verifying proper consummation of the transaction by the Depository.

• If securities sold by the Fund are held in a Book-Entry System or Domestic Securities Depository, Custodian (or such sub-custodian) shall transfer such securities upon (A) receipt of advice from the Book-Entry System or Domestic Securities Depository that payment for such securities has been transferred to the Depository Account, and (B) the making of an entry on the records of Custodian (or of such sub-custodian) to reflect such transfer and payment for the account of the Fund.

More Definitions of Depository Custodian

Depository Custodian means the Indenture Trustee as a custodian for Depository.

Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entity thereto. “Designated Non-cash Consideration” means the fair market value of non-cash consideration received by Holdings or any of its Restricted Subsidiaries in connection with an Asset Disposition that is designated as “Designated Non-cash Consideration” pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash or cash equivalents received in connection with a subsequent sale, redemption or payment of, on or with respect to such Designated Non-cash Consideration. A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the ex- tent it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in ex- change for consideration in the form of cash or cash equivalents in compliance with Section 4.09. “Disposed EBITDA” means, with respect to any Sold Entity or Business or Converted Unrestricted Subsidiary for any period, the amount for such period of Consolidated Adjusted EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary (de- termined as if references to the Consolidated Group in the definition of “Consolidated Adjust- ed EBITDA” (and in the component financial definitions used therein) were references to such Sold Entity or Business and its Subsidiaries or to such Converted Unrestricted Subsidi- ary and its Subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business.

Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entity thereto. “Deposit Account” means “Deposit Account” as defined in the UCC.

Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entity thereto. “Deposit Account” means “Deposit Account” as defined in the UCC.