Examples of Clearing Systems in a sentence
Upon the exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to the Securities, the Company shall provide a written notice to the Clearing Systems as soon as practicable regarding such exercise of the U.K. Bail-in Power for purposes of notifying Holders of the Securities of such occurrence.
Clearing Systems: The CMU Service, Clearstream, Luxembourg, Euroclear and, in relation to any Tranche, such other clearing system as may be agreed between the relevant Issuer, the Fiscal Agent and the relevant Dealer.
For purposes of the Securities, the term Depositary shall include the Clearing Systems and references to the “Depositary” in the Base Indenture shall be deemed to refer to the Clearing Systems.
The Company will deliver a Conversion Shares Offer Notice to the Trustee directly and to the Holders of the Securities through the Clearing Systems within ten (10) Business Days following the Conversion Date specifying whether or not it has elected that a Conversion Shares Offer be conducted.
Before the Company may redeem the Securities pursuant to Section 2.04, Section 2.05 or Section 2.06 of this Eleventh Supplemental Indenture or Section 11.12 of the Base Indenture, the Company shall deliver via the Clearing Systems (or, if the Securities are definitive Securities, to the Holders at their addresses shown on the Contingent Capital Security Register) prior notice of not less than fifteen (15) days, nor more than sixty (60) days to the Holders of the Securities.