Definition of Operational Arrangements of DTC


Operational Arrangements of DTC means the put procedures of DTC as set forth in Exhibit B to the Trust Agreement. "Original Purchaser" means the original purchaser of the Certificates. "Outstanding", when used as of any particular time with respect to Certificates, means (subject to the provisions of the Trust Agreement regarding defeasance) all Certificates theretofore executed and delivered by the Trustee hereunder except (a) Certificates theretofore cancelled by the Trustee or surrendered to the Trustee for cancellation; (b) Certificates for the payment or prepayment of which funds or Federal Securities in a sufficient amount shall have theretofore been deposited with the Trustee (whether upon or prior to the maturity or prepayment date of such Certificates), provided that, if such Certificates are to be prepaid prior to maturity, notice of such prepayment shall have been given as provided in the Trust Agreement or provision satisfactory to the Trustee shall have been made for the giving of such A-8 notice; and (c) Certificates in lieu of or in exchange for which other Certificates have been executed and delivered by the Trustee pursuant to the Trust Agreement.

Examples of Operational Arrangements of DTC in a sentence

While the 2004 Series A Bonds are in BEO form, registration and transfer of beneficial interests in the 2004 Series A Bonds shall be governed by that letter and the Operational Arrangements of DTC, as they may be amended from time to time, as provided in the blanket Letter of Representations.
While the 2000 Bonds are in BEO form, registration and transfer of beneficial interests in the 2000 Bonds shall be governed by that letter and the Operational Arrangements of DTC, as they may be amended from time to Bond Declaration Page 24 time, as provided in the blanket issuer letter of representations.
While the 2018 Series A Bonds are in BEO form, registration and transfer of beneficial interests in the 2018 Series A Bonds shall be governed by the BLOR and the Operational Arrangements of DTC, as they may be amended from time to time, as provided in the BLOR.
While the 2000 Bonds are in BEO form, registration and transfer of beneficial interests in the 2000 Bonds shall be governed by that letter and the Operational Arrangements of DTC, as they may be amended from time to time, as provided in the blanket issuer Letter of Representations.
While the 2015 Series A Bonds are in BEO form, registration and transfer of beneficial interests in the 2015 Series A Bonds shall be governed by the BLOR and the Operational Arrangements of DTC, as they may be amended from time to time, as provided in the BLOR.