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

Book-Entry and Registered Certificates. (a) Except for the De Minimis Certificate (if any), the Certificates may be issued in the form of one or more typewritten Certificates representing the Book-Entry Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Certificate Owners. In such case, the Certificates delivered to The Depository Trust Company 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 Registered Certificate representing such Certificate Owner's interest in the Certificates, except as provided above and in Subsection (d) below. Except with respect to the De Minimis Certificate (if any), unless and until Registered Certificates have been issued pursuant to Subsection (d) below:

Appears in 5 contracts

Samples: Through Trust Agreement (Union Tank Car Co), Through Trust Agreement (Union Tank Car Co), Union Tank Car Co

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