Euro Clearing System definition
Examples of Euro Clearing System in a sentence
The Issuer may, in lieu of publication in the newspapers set forth in subparagraph (1) above, deliver the relevant notice to the Euro Clearing System and to DTC, for communication by the Euro Clearing System and by DTC to the Holders holding the Notes through the respective clearing system, provided that, so long as any Notes are listed on any stock exchange, the rules of such stock exchange permit such form of notice.
Any such transfer or exchange which results in a change to the aggregate principal amount of Dual Note Structure Notes held by the Relevant Euro Clearing System and DTC are required to be notified by the Relevant Euro Clearing System and DTC to the Registrar as a transfer from one Global Note to the other.
One of the permanent global certificates (the "Euro Global Certificate") will be kept in custody by [Clearstream Banking AG, Frankfurt am Main ("CBF")] [a common depositary for Euroclear Bank S.A./N.V. ("Euroclear") and Clearstream Banking, societe anonyme, Luxembourg ("CBL")] (the "Euro Clearing System") until all obligations of the Issuer under the Notes have been satisfied.
Transfers of Notes between Euro Clearing System accountholders on the one hand and DTC participants on the other hand and exchanges of Notes pursuant to subparagraph (4) may not be effected during the period commencing on the Record Date (ss.
For purposes of the foregoing, "Custodian" means any bank or other financial institution of recognized standing authorized to engage in securities custody business with which the Holder maintains a securities account in respect of any Notes and includes the Euro Clearing System, DTC and any other clearing system which maintains an account with the Euro Clearing System.
The Issuer intends to offer and sell from time to time notes represented by a global note deposited with or on behalf of The Depository Trust Company, New York ("DTC") (the "Single Note Structure Notes") and notes represented by (i) a global note deposited with or on behalf of the relevant Euro Clearing System (as defined below) and (ii) one or more global note(s) deposited with or on behalf of DTC (the "Dual Note Structure Notes").
The Depositary will keep books for the registration of Receipts and transfers of Receipts which at all reasonable times shall be open for inspection by the Owners provided that such inspection shall not be for the purpose of communicating with Owners in the interest of a business or object other than the business of the Company or a matter related to the Deposit Agreement or the Receipts subject to applicable law including Rule 14-a(7) of the Securities Exchange Act of 1934, as amended.
The Euro Global Note is issued in bearer form and represents the Notes kept in custody for financial institutions that are accountholders of the Euro Clearing System, including such Notes which are held through [Clearstream Banking AG, Frankfurt am Main] [,] [or] [Euroclear Bank, S.A./N.V.] [, or] [Clearstream Banking Societe anonyme, Luxembourg], and further including such Notes which are held through any other clearing system which maintains an account with the Euro Clearing System.
One of the permanent global certificates (the "Euro Global Note") will be kept in custody by [Clearstream Banking AG, Frankfurt am Main] [a common depositary for Euroclear Bank S.A./N.V. and Clearstream Banking, societe anonyme, Luxembourg] (the "Euro Clearing System") until all obligations of the Issuer under the Bonds have been satisfied.
The amount of payments to the Euro Clearing System and to the registered holder of the DTC Global Note, respectively, shall correspond to the aggregate principal amount of Notes represented by the Euro Global Note and the DTC Global Note, as established by the Registrar (ss.