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

  • Subject to Section 301(20), the Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Depository Custodian with respect to the global Securities unless provided otherwise with respect to such series.

  • If Custodian deposits Account Securities with a Depository, Custodian shall maintain adequate records showing the location and true ownership of such property.

  • With respect to each Depository, Custodian (i) shall exercise due care in accordance with reasonable commercial standards in discharging its duties as a securities intermediary to obtain and thereafter maintain Securities or financial assets deposited or held in such Depository, and (ii) will provide, promptly upon request by the Fund, such reports as are available concerning the internal accounting controls and financial strength of Custodian.

  • 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.

  • 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.

  • Members of, or direct or indirect participants in, the Depository (“Agent Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depository, or the Depository Custodian, or under the Global Notes, and the Depository may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of the Global Note for all purposes whatsoever.

  • 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.


More Definitions of Depository Custodian

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
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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.
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Depository Custodian means the Trustee as custodian with respect to the Global Notes or any successor entitythereto.
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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.
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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 ofits Subsidiaries in connection with an Asset Disposition that is designated as “Designated Non-cash Consideration” pursuant to an Officer’sCertificate, setting forth the basis of such valuation, less the amount of cash or cash equivalents received in connectionwith a subsequent sale, redemption or payment of, on or with respect to such Designated Non-cash Consideration. “Domestic Subsidiary” means any Subsidiary of the Issuer other than a Foreign Subsidiary.
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Related to Depository Custodian

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.

  • Common Depositary has the meaning specified in Section 304.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • ADS Depositary means the person then acting as depositary under the Deposit Agreement. The ADS Depositary as of the Issue Date is The Bank of New York Mellon.