Indirect DTC Participants definition

Indirect DTC Participants. Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.
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Indirect DTC Participants shall have the meaning assigned to such term in Section 3.4(c).
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Examples of Indirect DTC Participants in a sentence

  • Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.

  • The Trust and the Sponsor also expect that payments by DTC Participants to Indirect DTC Participants and Beneficial Owners held through such DTC Participants and Indirect DTC Participants will be governed by standing instructions and customary practices, as is now the case with securities held for the accounts of customers in bearer form or registered in a “street name,” and will be the responsibility of such DTC Participants and Indirect DTC Participants.

  • Finally, thrifts were required to maintain “risk-based” capital in an amount substantially comparable to that required by the Comptroller of the Currency for national banks.

  • Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.

  • Ownership of beneficial interest in Shares will be limited to DTC Participants, Indirect DTC Participants and Persons holding interests through DTC Participants and Indirect DTC Participants.

  • Ownership of beneficial interest in Shares will be limited to DTC Participants, Indirect DTC Participants and persons holding interests through DTC Participants and Indirect DTC Participants.

  • The Property Services Agent will be responsible for ensuring that this policy is reviewed every 3 years or sooner to ensure that the Association complies with up-to- date legislation and guidance from The Scottish Government.HILLHEAD HOUSING ASSOCIATION 2000 TENANTS’ RIGHT TO COMPENSATION FOR IMPROVEMENTS PROCEDURES 1.

  • Owners of beneficial interests in Shares (“Beneficial Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect DTC Participants and Beneficial Owners holding through a DTC Participant or an Indirect DTC Participant, through those records or the records of the relevant DTC Participant.

  • So long as the Depository Agreement is in effect, Creation Units will be issued and redeemed and Shares will be transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect DTC Participants as more fully described in Section 3.5 hereof.

  • Owners of beneficial interests in Shares (“Beneficial Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of 20 DTC Participants, records maintained by the Depository and, in the case of Indirect DTC Participants and Beneficial Owners holding through a DTC Participant or an Indirect DTC Participant, through those records or the records of the relevant DTC Participant.

Related to Indirect DTC Participants

  • DTC Participants means participants within DTC.

  • DTC Participant means brokers and dealers, banks, trust companies, clearing corporations and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Indirect Participants Has the meaning specified in Section 4.01(b) of this Trust Supplement.

  • Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.

  • Beneficial Owners means Persons who Beneficially Own the referenced securities.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Agent Members has the meaning provided in Section 2.07(a).

  • Project Participants means the entities and professionals assembled by the Applicant or Co-Applicants to own, develop and manage the project, including, but not limited to the Applicant or Co-Applicant, Project Sponsor, the Equity Investor, contractor, property manager and Consultant.

  • Direct Participant or "DTC Participant": Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depository.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • Indirect Owner means, in the case of a Protected Partner that is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such Protected Partner, and in the case of any Indirect Owner that itself is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such entity.

  • Euroclear Operator means Euroclear Bank, S.A./N.V., as operator of the Euroclear System.

  • DTC System means the book-entry system of DTC.

  • Investment Personnel means: (a) Portfolio Managers and other Advisory Persons who provide investment information and/or advice to the Portfolio Manager(s) and/or help execute the Portfolio Manager's(s') investment decisions, including securities analysts and traders; (b) any natural person in a control relationship to the Fund who obtains information concerning recommendations made to the Fund with regard to the purchase or sale of a security; and (c) certain other individuals as designated by the Compliance Officer.

  • Indirect supervision means the supervision of an unlicensed school staff member when the school nurse or other health care provider is not physically available on site but immediately available by telephone.

  • Agent Member means any member of, or participant in, the Depositary.

  • Indirect Tax means any goods and services tax, consumption tax, value added tax or any tax of a similar nature.