Indirect Participants definition

Indirect Participants. Has the meaning specified in Section 4.01(b) of this Trust Supplement.
Indirect Participants shall have the meaning assigned to such term in Section 9.2.2.
Indirect Participants shall have the meaning assigned to such term in Section 3.5(c).

Examples of Indirect Participants in a sentence

  • Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time.

  • Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Issuer or Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.

  • The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers.

  • Transfers of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners.


More Definitions of Indirect Participants

Indirect Participants. Entities, such as banks, brokers, dealers and trust companies, that clear through or maintain a custodial relationship with a Participant, either directly or indirectly.
Indirect Participants shall have the meaning assigned to such term in Section 4.6 (c).
Indirect Participants means organizations which have indirect access to the Securities Depository, such as securities brokers and dealers, banks, and trust companies that clear through or maintain a custodial relationship with a Participant, either directly or indirectly.
Indirect Participants means those participants to which access to DTC is also available and which clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly;
Indirect Participants means securities brokers and dealers, banks, or trust companies.
Indirect Participants means a Person who holds a beneficial interest in a Global Note through a Participant.
Indirect Participants means Noteholders who hold their interests in Global Notes indirectly through Direct Participants.