Common use of Book-Entry and Definitive Certificates Clause in Contracts

Book-Entry and Definitive Certificates. (a) The Certificates of any Class may be issued in the form of one or more typewritten certificates representing the Book-Entry Certificates of that Class, to be delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Certificate Issuer. In such case, the Certificates of such Class delivered to The Depository Trust Company shall initially be registered on the Certificate Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Certificate Owner will receive a definitive Certificate representing such Certificate Owner's interest in the Certificate of such Class, except as provided in Section 2.12(c) below. Unless and until definitive, fully registered Certificates ("Definitive Certificates") of such Class have been issued pursuant to Section 2.12(c) below:

Appears in 6 contracts

Samples: Indenture (Bec Funding LLC), Certificate Indenture (Wmeco Funding LLC), Cl&p Funding LLC

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!