NCI System definition

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

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

• Except as otherwise provided in this Article14, Trust Units registered in the name of and deposited by the Transfer Agent with the Depository or its nominee (including Trust Units held in the Book-Entry System), may be: (i) held electronically through the NCI System; or (ii) represented by a global Unit Certificate issued in the name of the Depository or its nominee.

• 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.

• All fees and expenses payable to the Transfer Agent in connection with the electronic deposit pursuant to the NCI System of the Offered Shares and the Additional Shares, as the case may be, contemplated by this Section 16 and the fees and expenses payable to the Transfer Agent in connection with the initial or additional transfers as may be required in the course of the distribution of the Securities shall be borne by the Company.

• 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.

• Like any larceny, ordinary fraud involves a gain to the defendant and a loss to the victim.

• Except as otherwise provided for in paragraph (e) of this subsection (2), if an apportionment provision directs that an estate tax be apportioned to property in which one or more time-limited interests exist, other than interests in specified property under section 15-12-1407, the tax shall be apportioned to the principal of that property, regardless of the deductibility of some of the interests in that property.

• 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.

• 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.

• Payment for any Additional Securities shall be made to the Company by CIBC WM, by wire transfer of immediately available funds against delivery of such Additional Securities net of the Over-Allotment Fee through the NCI System (in the same manner as contemplated at the Closing Time) at the Option Closing Time.

• 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.

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 the non-certificated inventory system operated by CDS.

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 maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time. (rr) “Net Income of the Trust” or “Net Loss of the Trust” for any Taxation Year means the net income or loss for such year determined pursuant to the provisions of the Tax Act having regard to the provisions thereof which relate to the calculation of taxable income of a trust, without reference to paragraph 82(1)(b) (dividend gross up) and subsection 104(6) (deduction for payments out of the Trust) of the Tax Act (including any income realized by the Trust on the redemption of Trust Units in specie and designated by the Trust as income payable to the redeeming Unitholders) and taking into account such other adjustments as may be determined in the discretion of the Trustees (provided that the Trustees exercise their discretion in this regard before the end of the Taxation Year); provided, however, that capital gains and capital losses shall be excluded from the computation of net income; and provided further that, if such calculation results in income there shall be deducted the amount of any non-capital losses (as defined in the Tax Act) of the Trust for any preceding Taxation Years; and Net Income of the Trust or Net Loss of the Trust for any period means the income or loss of the Trust for such period computed in accordance with the foregoing as if that period were the taxation year of the Trust.

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;