Book-Entry Securities. (a) The Book-Entry Securities will be represented initially by one or more certificates registered in the name designated by the Clearing Agency. The Depositor and the Securities Administrator may for all intents and purposes (including the making of payments on the Book-Entry Securities) deal with the Clearing Agency as the authorized representative of the Beneficial Owners of the Book-Entry Securities for as long as those Certificates are registered in the name of the Clearing Agency. The rights of Beneficial Owners of the Book-Entry Securities shall be limited by law to those established by law and agreements between such Beneficial Owners and the Clearing Agency and Clearing Agency Participants. The Beneficial Owners of the Book-Entry Securities shall not be entitled to certificates for the Book-Entry Securities as to which they are the Beneficial Owners, except as provided in subsection (c) below. Requests and directions from, and votes of, the Clearing Agency, as Holder, shall not be deemed to be inconsistent if they are made with respect to different Beneficial Owners. Without the consent of the Depositor and the Securities Administrator, a Book-Entry Security may not be transferred by the Clearing Agency except to another Clearing Agency that agrees to hold the Book-Entry Security for the account of the respective Clearing Agency Participants and Beneficial Owners.
Book-Entry Securities. The term Book-Entry Securities shall mean securities issued by the United States Treasury and United States Federal agencies and instrumentalities that are maintained in the book-entry system maintained by a Federal Reserve Bank.
Book-Entry Securities. (a) The Securities of a series may be issuable in whole or in part in the form of one or more Global Securities ("Book-Entry Securities") deposited with, or on behalf of, a Depository (the "Depository"). In the case of Book-Entry Securities, one or more Global Securities will be issued in a denomination or aggregate denomination equal to the portion of the aggregate principal amount of Outstanding Securities of the series to be represented by such Global Security or Global Securities. Unless otherwise provided as contemplated by Section 301, the additional provisions set forth in this Section 304 shall apply to Book-Entry Securities.
Book-Entry Securities. The Securities will be book entry securities on Folio’s Books and Records and held for the benefit of the Investors. Folio will maintain, as part of the Services, information as to amounts owed and paid with respect to the Securities to the individual Investors. Accordingly, Folio agrees to accurately maintain its Books and Records and to provide Issuer information from its Books and Records as reasonably requested by Issuer. Issuer shall maintain on its books and records the amount owed and paid to Investors with respect to the Securities, which may be in aggregate if permitted by Law and include an omnibus position in the Securities at Folio, held and maintained for the benefit of the Investors. Issuer will notify Folio immediately if the amount owed or paid with respect to the Securities to Investors or the position held on Issuer’s books and records is different from the amount that Folio reports to Issuer.
Book-Entry Securities. Each Eligible Security which is either (i) a Book-Entry Security, or (ii) a part of a fungible bulk of Book-Entry Securities shall be continuously maintained by Custodian in the Book-Entry System. During the term of a particular Transaction, Custodian shall identify such Book-Entry Securities on its books and records as belonging to Buyer.
Book-Entry Securities. Unless otherwise specified in the related Supplement for any Series or Class, the Investor Securities, upon original issuance, shall be issued in the form of one or more master Investor Securities representing the Book-Entry Securities, to be delivered to the Clearing Agency, by, or on behalf of, the Transferor. The Investor Securities shall initially be registered on the Security Register in the name of the Clearing Agency or its nominee, and no Security Owner will receive a definitive security representing such Security Owner's interest in the Investor Securities, except as provided in Section 6.12. Unless and until definitive, fully registered Investor Securities ("Definitive Securities") have been issued to the applicable Security Owners pursuant to Section 6.12 or as otherwise specified in any such Supplement: (a) the provisions of this Section shall be in full force and effect; (b) the Transferor, the Servicer and the Trustee may deal with the Clearing Agency and the Clearing Agency Participants for all purposes (including the making of distributions) as the authorized representatives of the respective Security Owners; (c) to the extent that the provisions of this Section conflict with any other provisions of this Agreement, the provisions of this Section shall control; and (d) the rights of the respective Security Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such Security Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Securities are issued pursuant to Section 6.12, the Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Investor Securities to such Clearing Agency Participants. For purposes of any provision of this Agreement requiring or permitting actions with the consent of, or at the direction of, Investor Securityholders evidencing a specified percentage of the aggregate unpaid principal amount of Investor Securities, such direction or consent may be given by Security Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Investor Securities evidencing the requisite percentage of principal amount of Investor Securities.
Book-Entry Securities. Notwithstanding any provision of this Indenture to the contrary:
Book-Entry Securities. Unless otherwise provided in any related Supplement, the Investor Securities, upon original issuance, shall be issued in the form of typewritten Securities representing the Book-Entry Securities, to be delivered to the depositary specified in such Supplement (the "Depositary") which shall be the Clearing Agency or Foreign Clearing Agency, by or on behalf of such Series. The Investor Securities of each Series shall, unless otherwise provided in the related Supplement, initially be registered on the Security Register in the name of the nominee of the Clearing Agency or Foreign Clearing Agency. No Security Owner will receive a definitive security representing such Security Owner's interest in the related Series of Investor Securities, except as provided in Section 6.12. Unless and until definitive, fully registered Investor Securities of any Series ("Definitive Securities") have been issued to Security Owners pursuant to Section 6.12:
Book-Entry Securities. With respect to the Book-Entry Securities identified in Schedule I hereto and the Book-Entry Securities acquired by or on behalf of Pledgor from time to time with the Note Proceeds and/or other amounts deposited or accruing in the Pledged Collateral Accounts, Pledgor shall promptly cause (i) such Book-Entry Securities to be credited to a Securities Intermediary's trust/custody account maintained at the Federal Reserve Bank at which such Securities Intermediary maintains a Participant's Securities Account (as such term is defined in 31 C.F.R. ss 357.2) (and to be identified on the records of such Federal Reserve Bank as being held for the sole and exclusive account of such Securities Intermediary), (ii) such Securities Intermediary to credit by book-entry such Book-Entry Securities as being held for the account of the Trustee and for the benefit of the Trustee, and (iii) such Securities Intermediary to send a confirmation to the Trustee that such Securities Intermediary is holding such Book-Entry Securities for the account of the Trustee and for the benefit of the Trustee. With respect to the Pledged Collateral, Pledgor and the Trustee hereby acknowledge and agree that IBJ Whitehall Bank & Trust Company ("IBJ") is the Securities Intermediary at which the securities accounts for the Pledged Collateral is maintained, and IBJ hereby agrees to maintain each of the Pledge Collateral Accounts as a "securities account" within the meaning of Article 8 of the Code in effect in the state of New York. IBJ hereby acknowledges that (i) it has by book-entry credited the Book-Entry Securities to the Trustee and the Trustee is the entitlement holder with respect to the security entitlements therein, (ii) it shall, as Securities Intermediary, comply with all written entitlement orders originated by the Trustee without the need for further consent by Pledgor, and (iii) the Trustee shall have control over the Book-Entry Securities and the security entitlements and securities accounts relating thereto.
Book-Entry Securities. (a) Except as provided in subsection (c) of this Section 3.11, the registered owner of all Securities of any series of Securities which is designated as a Book-Entry Security series in the Board Resolution, Officers' Certificate, indenture supplemental hereto establishing such series, or other instrument supplemental hereto, shall be CEDE & Co., as nominee of DTC. Payment of interest for any Securities registered as of each Record Date in the name of CEDE & Co. shall be made by wire transfer to the account of CEDE & Co. on the Interest Payment Date for such Securities at the address indicated on the Record Date for CEDE & Co. in the registration books of the Company kept by Trustee, as Security Registrar.
