DTC System definition

DTC System means the book-entry system of DTC.
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DTC System. The book-entry system of DTC. Early Redemption Date: The Payment Date on which the Original Notes are redeemed by Freddie Mac pursuant to its Early Redemption Option.
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DTC System. The book-entry system of DTC.
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Examples of DTC System in a sentence

  • Notes distributed solely within the United States shall clear and settle through the DTC System, and Notes distributed solely outside of the United States shall clear and settle through the systems operated by Euroclear, Clearstream and/or any other designated clearing system or, in certain cases, DTC.

  • Payments of principal and interest due to Holders of Classes maintained on the DTC System shall be paid by Xxxxxxx Mac (or the Global Agent, whether taking direction from Xxxxxxx Mac or from the Exchange Administrator) to DTC in immediately available funds.

  • Payments of principal and interest due to Holders of Classes maintained on the DTC System shall be paid by Freddie Mac (or the Global Agent, whether taking direction from Freddie Mac or from the Exchange Administrator) to DTC in immediately available funds.

  • All Assets that may be maintained on the Fed System or DTC System shall be so maintained.

  • Unless otherwise provided in the applicable Terms Supplement, payments of principal and interest due on Classes maintained on the DTC System shall be paid to DTC in immediately available funds.

  • Payments of principal and interest due to Holders of Classes maintained on the DTC System shall be paid by Xxxxxx Xxx (or the Global Agent) to DTC in immediately available funds.

  • DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System.

  • Certificates maintained on the DTC System shall at all times remain on deposit with DTC in accordance with its rules and procedures, as amended from time to time.

  • DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System.

  • A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount.


More Definitions of DTC System

DTC System means the electronic system operated by DTC by which title to securities or interests in securities may be evidenced and transferred in dematerialised form.
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DTC System has the meaning given to that term in Section 2.04(a) of this Indenture. “Event of Default” means any of the events described in Section 8.01.
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DTC System. The book-entry system maintained by DTC. Fed Participant: Any entity eligible to maintain book-entry accounts on the Fed System.
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Related to DTC System

  • DTC/FAST Program means the DTC’s Fast Automated Securities Transfer Program.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • SDX System means the system used by NERC to exchange system data.

  • Austraclear System means the system operated by Austraclear for holding securities and the electronic recording and settling of transactions in those securities between members of that system.

  • relevant system means a relevant system for the holding and transfer of shares in uncertificated form;

  • Direct Registration System means the system for the uncertificated registration of ownership of securities established by The Depository Trust Company ("DTC") and utilized by the Depositary pursuant to which the Depositary may record the ownership of ADRs without the issuance of a certificate, which ownership shall be evidenced by periodic statements issued by the Depositary to the Holders entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC which provides for automated transfer of ownership between DTC and the Depositary.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • X-ray system means an assemblage of components for the controlled production of x-rays. It includes minimally an x-ray high-voltage generator, an x-ray control, a tube housing assembly, a beam-limiting device, and the necessary supporting structures. Additional components which function with the system are considered integral parts of the system.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Subscriber Management System means a system or device which stores the subscriber records and details with respect to name, address and other information regarding the hardware being utilized by the subscriber, channels or bouquets of channels subscribed by the subscriber, price of such channels or bouquets of channels as defined in the system, the activation or deactivation dates and time for any channel or bouquets of channels, a log of all actions performed on a subscriber’s record, invoices raised on each subscriber and the amounts paid or discount allowed to the subscriber for each billing period;

  • Record system means any group of records under the control of the division from which a record may be retrieved by a personal identifier such as the name of an individual, number, symbol, or other unique retriever assigned to an individual.

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • Electric System means all electrical wires, equipment, and other facilities owned or provided by the utility that are used to transmit electricity to customers.

  • Sewer System means pipelines or conduits, pumping stations, force mains, vehicles, vessels, conveyances, injection wells, and all other constructions, devices, and appliances appurtenant thereto used for conducting sewage or industrial waste or other wastes to a point of ultimate disposal or disposal to any water of the state. To the extent that they are not subject to section 402 of the federal Water Pollution Control Act, ditches, pipes, and drains that serve only to collect, channel, direct, and convey nonpoint runoff from precipitation are not considered as sewer systems for the purposes of this part of this division.

  • DTC Agreement means the agreement between the Issuer, the Trustee and The Depository Trust Company, as the initial Clearing Agency, dated on or about November 8, 2001, relating to the Securitization Bonds, as the same may be amended or supplemented from time to time.

  • telecommunication system means any system (including the apparatus comprised in it) which exists (whether wholly or partly in Jersey or elsewhere) for the purpose of facilitating the transmission of communications by any means involving the use of electrical or electro- magnetic energy;

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • DTC Notes means the Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC and substantially in the form of Exhibit B hereto. The Notes will be DTC Notes at issuance.

  • Securities System means the Federal Reserve Book-Entry System, a clearing agency which acts as a Securities Depository, or another book entry system for the central handling of securities (including an Eligible Securities Depository).

  • Common Depository has the meaning specified in Section 304(b).

  • Bulk Electric System shall have the meaning provided for in the NERC Glossary of Terms used in Reliability Standards, as it may be amended, supplemented, or restated from time to time.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.