Examples of Registered Debt Security in a sentence
Beneficial interests in a Registered Debt Security shall be represented, and transfers thereof shall be effected, only through book-entry accounts of financial institutions acting on behalf of the Beneficial Owners of such Registered Debt Security, as a direct or indirect participant in the applicable clearing system for such Registered Debt Security.
The person in whose name a Registered Debt Security is registered in the Register shall be the Holder of such Registered Debt Security.
In acting under the Global Agency Agreement, the Registrar does not assume any obligation or relationship of agency or trust for, or with, any Holder of a Registered Debt Security.
A person having an interest in a DTC Registered Debt Security or Other Registered Debt Security issued in global form shall provide Xxxxxxx Mac or the Global Agent with a written order containing instructions and such other information as Xxxxxxx Mac or the Global Agent may require to complete, execute and deliver such definitive Debt Securities in authorized denominations.
All payments to or upon the order of the Holder of a Registered Debt Security shall be valid and effective to discharge the liability of Xxxxxxx Mac in respect of such Registered Debt Security.
In acting under the Global Agency Agreement, the Global Agent acts solely as a fiscal agent of Xxxxxxx Mac and does not assume any obligation or relationship of agency or trust for or with any Holder of a Registered Debt Security, except that any moneys held by the Global Agent for payment on a Registered Debt Security shall be held in trust for the Holder as provided in the Global Agency Agreement.
Any Registered Debt Security in definitive form that becomes mutilated, destroyed, stolen or lost shall be replaced by Xxxxxxx Mac at the expense of the Holder upon delivery to the Global Agent of evidence of the destruction, theft or loss thereof, and an indemnity satisfactory to Xxxxxxx Mac and the Global Agent.
Owners of beneficial interests in a Registered Debt Security shall not be considered by Xxxxxxx Mac, the Global Agent or the Registrar as the owner or Holder of such Registered Debt Security and, except as provided in Section 4.02(a), shall not be entitled to have Debt Securities registered in their names and shall not receive or be entitled to receive definitive Debt Securities.
Upon the issuance of any substituted Registered Debt Security, Xxxxxxx Mac or the Global Agent may require the payment by the Holder of a sum sufficient to cover any taxes and expenses connected therewith.
Xxxxxxx Mac, the Global Agent and the Registrar shall not have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Registered Debt Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.