Book-Entry Interests. Global Preferred Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing Agency, and no Preferred Security Beneficial Owner will receive a definitive Preferred Security Certificate representing such Preferred Security Beneficial Owner's interests in such Global Preferred Securities, except as provided in Section 9.2. Unless and until Definitive Preferred Securities have been issued to the Preferred Security Beneficial Owners pursuant to Section 9.2: (a) the provisions of this Section 9.4 shall be in full force and effect; (b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Agreement (including the payment of Distributions on the Global Preferred Securities and receiving approvals, votes or consents hereunder) as the Holder of the Preferred Securities and the sole holder of the Global Certificates and shall have no obligation to the Preferred Security Beneficial Owners; (c) to the extent that the provisions of this Section 9.4 conflict with any other provisions of this Agreement, the provisions of this Section 9.4 shall control; and (d) the rights of the Preferred Security Beneficial Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Preferred Security Beneficial Owners and the Clearing Agency and/or the Participants, including receiving and transmitting payments of Distributions on the Global Certificates to such Participants. DTC will make book entry transfers among the Participants.
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Samples: Trust Agreement (Cox Trust Ii), Trust Agreement (Radio One Licenses LLC), Trust Agreement (Hercules Inc)
Book-Entry Interests. Global Preferred Capital Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing AgencyDepositary, and no Preferred Capital Security Beneficial Owner will receive a definitive Preferred Definitive Capital Security Certificate representing such Preferred Capital Security Beneficial Owner's interests in such Global Preferred Capital Securities, except as provided in Section 9.2. Unless and until Definitive Preferred definitive, fully registered Capital Securities certificates have been issued to the Preferred Capital Security Beneficial Owners pursuant to Section 9.29.2 and Section 7.9:
(a) the provisions of this Section 9.4 shall be in full force and effect;
(b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency Depositary for all purposes of this Agreement Declaration (including the payment of Distributions on the Global Preferred Capital Securities and receiving approvals, votes or consents hereunder) as the Holder holder of the Preferred Capital Securities and the sole holder Holder of the Global Certificates and shall have no obligation to the Preferred Capital Security Beneficial Owners;
(c) to the extent that the provisions of this Section 9.4 conflict with any other provisions of this AgreementDeclaration, the provisions of this Section 9.4 shall control; and
(d) the rights of the Preferred Capital Security Beneficial Owners shall be exercised only through the Clearing Agency Depositary and shall be limited to those established by law and agreements between such Preferred Capital Security Beneficial Owners and the Clearing Agency Depositary and/or the Participants, including receiving Participants and transmitting receive and transmit payments of Distributions on the Global Certificates to such Participants. DTC The Depositary will make book entry transfers among the Participants.
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Samples: Declaration of Trust (Zenith National Insurance Corp)
Book-Entry Interests. Global Preferred Capital Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing Agency, and no Preferred Capital Security Beneficial Owner will receive a definitive Preferred Capital Security Certificate representing such Preferred Capital Security Beneficial Owner's interests in such Global Preferred Capital Securities, except as provided in Section 9.29.2 and Section 7.9. Unless and until Definitive Preferred definitive, fully registered Capital Securities certificates have been issued to the Preferred Capital Security Beneficial Owners pursuant to Section 9.29.2 and Section 7.9:
(a) the provisions of this Section 9.4 shall be in full force and effect;
(b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Agreement Declaration (including the payment of Distributions on the Global Preferred Capital Securities and receiving approvals, votes or consents hereunder) as the Holder of the Preferred Capital Securities and the sole holder of the Global Certificates and shall have no obligation to the Preferred Capital Security Beneficial Owners;
(c) to the extent that the provisions of this Section 9.4 conflict with any other provisions of this AgreementDeclaration, the provisions of this Section 9.4 shall control; and
(d) the rights of the Preferred Capital Security Beneficial Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Preferred Capital Security Beneficial Owners and the Clearing Agency and/or the Participants, including receiving Clearing Agency Participants and transmitting the Clearing Agency shall receive and transmit payments of Distributions on the Global Certificates to such Clearing Agency Participants. DTC will make book entry transfers among the Clearing Agency Participants.
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Book-Entry Interests. Global Preferred Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing Agency, and no Preferred Security Beneficial Owner will receive a definitive Definitive Preferred Security Certificate representing such Preferred Security Beneficial Owner's interests in such Global Preferred Securities, except as provided in Section 9.2. Unless and until Definitive Preferred Securities have been issued to the Preferred Security Beneficial Owners pursuant to Section 9.2:
(a) the provisions of this Section 9.4 shall be in full force and effect;
(b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Agreement (including the payment of Distributions on the Global Preferred Securities Security and receiving approvals, votes or consents hereunder) as the Holder of the Preferred Securities and the sole holder of the Global Certificates Preferred Security and shall have no obligation to the Preferred Security Beneficial Owners;
(c) to the extent that the provisions of this Section 9.4 conflict with any other provisions of this Agreement, the provisions of this Section 9.4 shall control; and
(d) the rights of the Preferred Security Beneficial Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Preferred Security Beneficial Owners and the Clearing Agency and/or the Participants, including receiving and transmitting payments of Distributions on the Global Certificates Preferred Security to such Participants. DTC will make book entry transfers among the Participants.
Appears in 1 contract
Samples: Trust Agreement (Hercules Inc)
Book-Entry Interests. Global Preferred Capital Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing Agency, and no Preferred Capital Security Beneficial Owner will receive a definitive Preferred Capital Security Certificate representing such Preferred Capital Security Beneficial Owner's interests in such Global Preferred Capital Securities, except as provided in Section 9.29.2 and Section 7.9. Unless and until Definitive Preferred definitive, fully registered Capital Securities certificates have been issued to the Preferred Capital Security Beneficial Owners pursuant to Section 9.29.2 and Section 7.9:
(a) the provisions of this Section 9.4 shall be in full force and effect;
(b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Agreement Declaration (including the payment of Distributions on the Global Preferred Capital Securities and receiving approvals, votes or consents hereunder) as the Holder of the Preferred Capital Securities and the sole holder of the Global Certificates and shall have no obligation to the Preferred Capital Security Beneficial Owners;
(c) to the extent that the provisions of this Section 9.4 conflict with any other provisions of this AgreementDeclaration, the provisions of this Section 9.4 shall control; and
(d) the rights of the Preferred Capital Security Beneficial Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Preferred Capital Security Beneficial Owners and the Clearing Agency and/or the Participants, including receiving Clearing Agency Participants and transmitting payments of Distributions on the Global Certificates to such Participants. DTC will make book entry transfers among the Participants.Clearing Agency shall
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