NCI System definition

NCI System has the meaning given to it in Section 15(2);

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NCI System means the non-certificated inventory system of CDS;

NCI System means a non-certificated inventory system for Debentures maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time;

Examples of NCI System in a sentence

• The Corporation, prior to the Closing Date or the Option Closing Date, as the case may be, shall make all necessary arrangements for the electronic deposit of the Securities to Cede & Co. or such other nominee as may be designated by the DTC and/or pursuant to the NCI System with CDS Clearing and Depository Services Inc., as the case may be.

• At the Time of Closing on the Closing Date, subject to the terms and conditions contained in this Underwriting Agreement, Protech shall deliver the Offered Units and the Compensation Options to the Underwriters in the form of certificates representing the Common Shares and the Warrants or in the form of an electronic deposit pursuant to the non-certificated issue system (the "NCI System") maintained by CDS against payment of the aggregate Offer Price by wire transfer on the Closing Date payable to Protech.

• If any Debentures are at any time not Global Debentures or NCI System Debentures, the provisions of Section 3.1 shall govern with respect to registrations and transfers of such Debentures.

• CDS will require that all Units for each class be represented in the form of a fully registered global unit certificate, registered in the name of CDS or its nominee, and held by CDS or its nominee as custodian for CDS’s participants or deposited electronically through the NCI System, or represented by such other evidence as is satisfactory to the Transfer Agent and CDS.

• Notwithstanding anything to the contrary set out herein, all physical Debenture certificates issued to the Depositary may be surrendered to the Debenture Trustee for an electronic position on the register of Debentureholders to be maintained by the Debenture Trustee in accordance with Section 3.1. In such case, the Debentures will be represented electronically through the NCI System.

• Notwithstanding any provision in this Agreement and despite any approval by the General Partner of a form of global unit certificate, any or all Units may be represented by an electronic entry in the NCI System or represented by such other evidence as is satisfactory to the Transfer Agent and CDS and any reference to “global certificate” in this Agreement shall be read as also referring to any entry in the NCI System, subject to any modifications to such provisions as is necessary in such context.

• The Initial Debentures shall be issued as one or more Global Debentures, which may be held as an electronic position on the register of Debentureholders in the NCI System, and the Depository for the Initial Debentures shall be CDS.

• None of the Corporation, the Trustee or any agent of the Trustee for any Debenture issued as a Global Debenture or NCI System Debenture will be liable or responsible to any Person for any aspect of the records related to or payments made on account of beneficial interests in any Global Debenture or NCI System Debenture or for maintaining, reviewing, or supervising any records relating to such beneficial interests.

• Beneficial interests in Debentures registered and deposited with CDS will be represented only through NCI System administered by CDS.

• Unless issued as NCI System Debentures, all Debentures shall be signed (either manually or by facsimile or scanned signature) by any one Director or Authorized Officer, on behalf of the Corporation, holding office at the time of signing.

More Definitions of NCI System

NCI System means the non-certificated inventory system maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time.

NCI System means a non-certificated inventory system for Units maintained by CDS, as may be changed, supplemented, replaced or otherwise modified from time to time;

NCI System means the non-certificated inventory system administered by CDS; “Net Realized Capital Gains” has the meaning set out in Section 5.1;

NCI System has the meaning given to it in Section 16(b); "notice" has the meaning given to it in Section 33;

NCI System means the non-certificated inventory system operated by CDS.