Common use of Book-Entry Provisions for Global Note Clause in Contracts

Book-Entry Provisions for Global Note. (a) Each Global Note initially shall be deposited with the Common Depositary and registered in the name of the Common Depositary or its nominee for the accounts of Euroclear and Clearstream. Beneficial interests in the Notes may be held by any member of, or participant in Euroclear or Clearstream (“Agent Members”). Agent Members shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Common Depository or by the Trustee or any nominee of the Common Depositary or under such Global Note, and the Common Depositary may be treated by the Company, a Subsidiary Guarantor, the Trustee and any agent of any of them as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, a Subsidiary Guarantor, the Trustee or any agent of any of them, from giving effect to any written certification, proxy or other authorization furnished by the Common Depositary or impair, as between the Euroclear and Clearstream and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of a beneficial interest in any Global Note.

Appears in 5 contracts

Samples: Supplemental Indenture (Yin Jia Investments LTD), Supplemental Indenture (Yin Jia Investments LTD), Supplemental Indenture (Yin Jia Investments LTD)

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Book-Entry Provisions for Global Note. (a) Each Global Note initially shall be deposited with the Common Depositary and registered in the name of the Common Depositary or its nominee for the accounts of Euroclear and Clearstream. Beneficial interests in the Notes may be held by any member Members of, or participant in Euroclear or Clearstream participants in, the Depositary ("Agent Members”). Agent Members ") ------------- shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Common Depository or by the Trustee or any nominee of the Common Depositary or under such the Global Note, and the Common Depositary may be treated by the Company, a Subsidiary Guarantor, the Trustee and any agent of any of them the Company or the Trustee as the absolute owner of such the Global Note for all purposes whatsoever. Any Holder of the Global Note shall, by acceptance of such Global Note, agree that the transfers of beneficial interests in such Global Note may be effected only through a book-entry system maintained by the Depositary (or its agent), and that ownership of a beneficial interest in the Global Note shall be required to be reflected in a book-entry system. Notwithstanding the foregoing, nothing herein shall prevent the Company, a Subsidiary Guarantor, the Trustee or any an agent of any of them, the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Common Depositary or impair, as between the Euroclear and Clearstream Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of a beneficial interest in any Global Note.

Appears in 1 contract

Samples: Wilshire Financial Services Group Inc

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Book-Entry Provisions for Global Note. (a) Each The Global Note initially shall (i) be deposited with the Common Depositary and registered in the name of the Common Depositary Depository or its the nominee of such Depository, (ii) be delivered to the Registrar as custodian for the accounts of Euroclear such Depository and Clearstream(iii) bear legends as set forth in Section 2.15. Beneficial interests in the Notes may be held by any member Members of, or participant in Euroclear or Clearstream participants in, the Depository ("Agent Members”). Agent Members ") shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Common Depository Depository, or by the Trustee or any nominee of the Common Depositary Registrar as its custodian, or under such the Global Note, and the Common Depositary Depository may be treated by the Company, a Subsidiary Guarantorthe Trustee, the Trustee each Agent and any agent of the Company, the Trustee or any of them Agent as the absolute owner of such the Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, a Subsidiary Guarantorthe Trustee, each Agent or any agent of the Company, the Trustee or any agent of any of them, Agent from giving effect to any written certification, proxy or other authorization furnished by the Common Depositary Depository or impair, as between the Euroclear and Clearstream Depository and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder holder of a beneficial interest in any Global Note.

Appears in 1 contract

Samples: Indenture (Del Monte Foods Co)

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