Cede definition

Cede means Cede & Co., a nominee of DTC.

Cede means to pass to another all or part of the net book premium and associated liability for ultimate net losses on eligible crop insurance contracts.

Cede means Cede & Co.

Examples of Cede in a sentence

• Upon issuance of any DTC Note to be held on deposit by the Global Agent as custodian for the benefit of DTC, the Registrar or its duly appointed agent shall record Cede & Co. as DTC’s nominee as the registered Holder of the DTC Note.

• In the event that DTC advises the Global Agent in writing that DTC is no longer willing or able to discharge properly its responsibilities as nominee and depositary with respect to the Book-Entry Notes and the Global Agent is unable to locate a qualified successor in accordance with Section 5(a) hereof, the Book-Entry Notes shall no longer be restricted to being registered in the Note Register in the name of Cede & Co. (or a successor nominee) as nominee of DTC.

• Notwithstanding any other provision of this Agreement to the contrary, so long as any Book-Entry Notes are registered in the name of Cede & Co., as nominee of DTC, all distributions of principal and interest on such Book-Entry Notes and all notices with respect to such Book-Entry Notes shall be made and given, respectively, in the manner provided in the Letter of Representations.

• With respect to Notes registered in the Note Register in the name of Cede & Co., as nominee of DTC, the Issuer and the Global Agent shall have no responsibility or obligation to Direct or Indirect Participants or Beneficial Owners for which DTC holds Notes from time to time as a depositary.

• Upon delivery by DTC to the Global Agent of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions hereof with respect to the payment of distributions by the mailing of checks or drafts to the registered Holders of Book-Entry Notes appearing as registered owners in the Note Register on a Record Date, the name “Cede & Co.” in this Agreement shall refer to such new nominee of DTC.

More Definitions of Cede

Cede means Cede & Co., as the nominee of the Depositary.

Cede means Cede & Co., the nominee of DTC, and any successor nominee of DTC with respect to the Bonds pursuant to Section 401 hereof.

Cede has the meaning set forth in Section 4.2(b)(i) of the Series 2018-1 Supplement.

Cede means the act of an insurer transferring or assigning part or all of the risk on an insurance policy written by it to a reinsurer by purchasing insurance from such reinsurer to cover the risk or part thereof.

Cede means Cede & Co., the nominee of DTC as record owner of the Bonds, or any successor nominee of DTC with respect to the Bonds.

Cede or "cession" means the act of transferring the risk of loss from the individual insurer to all insurers through the operation of the facility.

Cede means Cede & Co. and any substitute nominee of DTC who becomes the registered Bondholder.