Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.
Indirect Participant. A broker, dealer, bank or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant.
Indirect Participant means a Person who holds a beneficial interest in a Global Security through a Participant.
Examples of Indirect Participant in a sentence
Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from or through the Depositary and the Participant or Indirect Participant.
More Definitions of Indirect Participant
Indirect Participant means any entity that, with respect to DTC, clears through or maintains a direct or indirect, custodial relationship with a Participant.
Indirect Participant means an entity that, with respect to any Depositary, clears through or maintains a direct or indirect, custodial relationship with a Participant.
Indirect Participant means a Person who holds a Book-Entry Interest in a Global Note through a Participant.
Indirect Participant. Any financial institution for whom any Direct Participant holds an interest in a Class A Certificate.
Indirect Participant. A broker, dealer, bank or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant. Initial Bankruptcy Coverage Amount: $150,000.
Indirect Participant. Any financial institution for whom any Direct Participant holds an interest in a Note.