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

Book-Entry and Definitive Certificates. (a) Except for Certificates issued to Institutional Accredited Investors which must be issued in the form of definitive, fully registered Certificates ("Definitive Certificates"), the Certificates may be issued in the form of one or more typewritten Certificates representing the Book-Entry Certificates to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Pass Through Trustee. In such case, the Certificates delivered to DTC shall initially be registered on the 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 Certificates, except as provided above and in subsection (d) below. As to the Book-Entry Certificates, unless and until Definitive Certificates have been issued pursuant to subsection (d) below:

Appears in 4 contracts

Samples: Through Trust Agreement (Calpine Corp), Trust Agreement (PPL Montana LLC), Trust Agreement (Calpine Corp)

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Book-Entry and Definitive Certificates. (a) Except for Certificates issued to Institutional Accredited Investors which must be issued in the form of definitive, fully registered Certificates ("Definitive Certificates"), the Certificates may will be issued in the form of one or more typewritten Certificates in fully registered form without coupons representing the Book-Entry Certificates to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Pass Through Trustee. In such case, the The Certificates delivered to DTC shall initially be registered on the 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 ’s interest in the Certificates, except as provided above and in subsection (dc) below. As to the Book-Entry Certificates, unless and until Definitive Certificates have been issued pursuant to subsection (dc) below:

Appears in 1 contract

Samples: Participation Agreement (Firstenergy Corp)

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Book-Entry and Definitive Certificates. (a) Except for Certificates issued to Institutional Accredited Investors which must be issued in the form of definitive, fully registered Certificates ("Definitive Certificates"), the Certificates may be issued in the ----------------------- form of one or more typewritten Certificates representing the Book-Entry Certificates to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Pass Through Trustee. In such case, the Certificates delivered to DTC shall initially be registered on the 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 Certificates, except as provided above and in subsection (d) below. As to the Book-Entry Certificates, unless and until Definitive Certificates have been issued pursuant to subsection (d) below:

Appears in 1 contract

Samples: Trust Agreement (Dynegy Danskammer LLC)

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