Common use of ADMINISTRATIVE PROCEDURES FOR GLOBAL NOTES Clause in Contracts

ADMINISTRATIVE PROCEDURES FOR GLOBAL NOTES. Each Note will be represented by a Global Note (as defined hereinafter) registered in the name of a nominee of The Depository Trust Company or any successor depositary selected by the Company (the “Depositary”) and recorded in the book-entry system maintained by the Depositary. In connection with the qualification of Global Notes for eligibility in the book-entry system maintained by the Depositary, the Trustee will perform the custodian, document control and administrative functions described below, in accordance with its respective obligations under a Letter of Representation dated May 13, 2015 from the Company and the Trustee to the Depositary and a Note Certificate Agreement between the Trustee and the Depositary (the “Certificate Agreement”), and its obligations as a participant in the Depositary, including the Depositary’s Same-Day Funds Settlement system (“SDFS”).

Appears in 1 contract

Samples: Agency Agreement (American Express Credit Corp)

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ADMINISTRATIVE PROCEDURES FOR GLOBAL NOTES. Each Note will be represented by a Global Note (as defined hereinafter) registered in the name of a nominee of The Depository the Depositary Trust Company or any successor depositary selected by the Company (the “Depositary”) and recorded in the book-entry system maintained by the Depositary. In connection with the qualification of Global Notes for eligibility in the book-entry system maintained by the Depositary, the Trustee will perform the custodian, document control and administrative functions described below, in accordance with its respective obligations under a Letter of Representation dated May 13June 9, 2015 2006 from the Company and the Trustee to the Depositary and a Note Certificate Agreement between the Trustee and the Depositary (the “Certificate Agreement”), and its obligations as a participant in the Depositary, including the Depositary’s Same-Day Funds Settlement system (“SDFS”).

Appears in 1 contract

Samples: Terms Agreement (American Express Credit Corp)

ADMINISTRATIVE PROCEDURES FOR GLOBAL NOTES. Each Note will be represented by a Global Note (as defined hereinafter) registered in the name of a nominee of The Depository Trust Company or any successor depositary selected by the Company (the “Depositary”) and recorded in the book-entry system maintained by the Depositary. In connection with the qualification of Global Notes for eligibility in the book-entry system maintained by the Depositary, the Trustee will perform the custodian, document control and administrative functions described below, in accordance with its respective obligations under a Letter of Representation dated May 13June 18, 2015 2012 from the Company and the Trustee to the Depositary and a Note Certificate Agreement between the Trustee and the Depositary (the “Certificate Agreement”), and its obligations as a participant in the Depositary, including the Depositary’s Same-Day Funds Settlement system (“SDFS”).

Appears in 1 contract

Samples: Agency Agreement (American Express Credit Corp)

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ADMINISTRATIVE PROCEDURES FOR GLOBAL NOTES. Each Note will be represented by a Global Note (as defined hereinafter) registered in the name of a nominee of The Depository the Depositary Trust Company or any successor depositary selected by the Company (the "Depositary") and recorded in the book-entry system maintained by the Depositary. In connection with the qualification of Global Notes for eligibility in the book-entry system maintained by the Depositary, the Trustee will perform the custodian, document control and administrative functions described below, in accordance with its respective obligations under a Letter of Representation dated May 13, 2015 as of the date hereof from the Company and the Trustee to the Depositary and a Note Certificate Agreement between the Trustee and the Depositary (the "Certificate Agreement"), and its obligations as a participant in the Depositary, including the Depositary’s 's Same-Day Funds Settlement system ("SDFS").

Appears in 1 contract

Samples: Terms Agreement (American Express Credit Corp)

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