Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 Notes and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07: (a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, as the case may be; (b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners; (c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and (d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes are issued pursuant to Section 2.07, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.
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Samples: Indenture (Ikon Receivables LLC), Indenture (Ikon Receivables LLC)
Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 A-3a Note Owner, Class A-3b Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 A-3a Notes, Definitive Class A-3b Notes and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07:
(a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or the Class A-4 Notes, as the case may be;
(b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners;
(c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and
(d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes Notes, are issued pursuant to Section 2.07, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 X- 0 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 A-3a Notes, Class A-3 A-3b Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.
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Samples: Indenture (Ikon Receivables LLC)
Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 Notes and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07:
(a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, as the case may be;
(b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners;
(c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and
(d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes are issued pursuant to Section 2.07, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.or
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Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 A-3a Note Owner, Class A-3b Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 A-3a Notes, Class A-3b Notes and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07:
(a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or the Class A-4 Notes, as the case may be;
(b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners;
(c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and
(d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes are issued pursuant to Section 2.07, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 A-3a Notes, Class A-3b Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.
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Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 Notes and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07:
(a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, as the case may be;
(b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners;
(c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and
(d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes Notes, are issued pursuant to Section 2.07, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 X- 0 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.
Appears in 1 contract
Samples: Indenture (Ikon Receivables LLC)
Book-Entry Registration. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, upon original issuance, shall be issued in the form attached as Exhibit A and delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Issuer. Each of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall initially be registered on the Note Register in the name of Cede & Co., the nominee of The Depository Trust Company, as the initial Clearing Agency, and no Class A-1 Note Owner, Class A-2 Note Owner, Class A-3 Note Owner or Class A-4 Note Owner will receive a definitive note representing such Note Owner's interest, except as provided in Section 2.07. Unless and until Definitive Class A-1 Notes, Definitive Class A-2 Notes, Definitive Class A-3 Notes Notes, and/or Definitive Class A-4 Notes ("Definitive Notes") have been issued to the applicable Note Owners pursuant to Section 2.07:
(a) the provisions of this Section 2.05 shall be in full force and effect with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, as the case may be;
(b) the Issuer, the Servicer and the Trustee, and their officers, directors, employees and agents, may deal with the Clearing Agency and the Clearing Agency Participants for all purposes with respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be (including the making of distributions on the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be), as the authorized representatives of the respective Note Owners;
(c) to the extent that the provisions of this Section 2.05 conflict with any other provisions of this Indenture, the provisions of this Section 2.05 shall control; and
(d) the rights of the respective Note Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such respective Note Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository Agreement, unless and until Definitive Notes Notes, are issued pursuant to Section 2.07, the initial Clearing Agency will make book-book- entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the related Class A-1 Notes, Class A-2 X- 0 Notes, Class A-3 Notes and Class A-4 Notes, as the case may be, to such Clearing Agency Participants. For purposes of any provision of this Indenture requiring or permitting actions with the consent of, or at the direction of, holders of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes, as the case may be, evidencing a specified percentage of the Outstanding Principal Amount of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or the Class A-4 Notes, respectively, such direction or consent may be given by Note Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Class A-1 Notes, Class A-2 Notes, Class A-3 Notes or Class A-4 Notes evidencing the requisite percentage of the Outstanding Principal Amount of such Notes, respectively.
Appears in 1 contract
Samples: Indenture (Ikon Receivables LLC)