Indirect Participant definition

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

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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 Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(3) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar or the Transfer Agent from or through the applicable Depositary and the Participant or Indirect Participant.

• Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c) 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 or the Transfer Agent through instructions from 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. 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 means any financial institution for whom any Direct Participant holds an interest in any Note.

Indirect Participant means a Person who holds an interest 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, either directly or indirectly.