Common use of Book-Entry System Clause in Contracts

Book-Entry System. (a) Upon acceptance by DTC of a Certificated Depositary Interest for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will be issued by DTC and traded through DTC’s book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected through, records maintained by DTC or its successors or DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations of the Securities and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the Company, the CDI Depositary or any agent of the Company or the CDI Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Certificated Depositary Interest.

Appears in 3 contracts

Samples: Deposit Agreement (Delhaize US Holding, Inc.), Deposit Agreement (Delhaize Group), Deposit Agreement (Shop 'N Save-Mass, Inc.)

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Book-Entry System. (a) Upon acceptance by DTC of a Certificated the Depositary Interest Interests for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will shall be issued by DTC and traded through DTC’s 's book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected only through, records a book-entry system maintained by (i) DTC or its successors or DTC (ii) Participants. Book-DTC shall treat the holders of Book- Entry Interests shall be transferable only and their successors as units representing authorized denominations the absolute owners of the Securities and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nomineesInterests for all purposes whatsoever. Except as provided in Section 2.05 of the Deposit Agreement, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the CompanyIssuer, the CDI Trustee, the Book-Entry Depositary or any agent of the Company Issuer, the Trustee or the CDI Book-Entry Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Book-Entry Depositary and the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder an owner of a beneficial interest in any Certificated Global Note or Depositary Interest. (b) The Depositary Interests shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 hereof and Article 2 of the Indenture, no owner of beneficial interests in such Depositary Interests shall be entitled to receive a Registered Note on account of such beneficial interest, and such beneficial owner's interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations.

Appears in 2 contracts

Samples: Note Depositary Agreement (Danka Business Systems PLC), Note Depositary Agreement (Danka Business Systems PLC)

Book-Entry System. (a) Upon acceptance by DTC of a Certificated Depositary Interest for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will be issued by DTC and traded through DTC’s book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected through, records maintained by DTC or its successors or DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations of the Securities of the Series to which they correspond and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement2.05, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the Company, the CDI Depositary or any agent of the Company or the CDI Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Certificated Depositary Interest.

Appears in 2 contracts

Samples: Deposit Agreement (Shop 'N Save-Mass, Inc.), Deposit Agreement (Delhaize Group)

Book-Entry System. (a) Upon acceptance by DTC of a Certificated Depositary Interest for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will be issued by DTC and traded through DTC’s book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected through, records maintained by DTC or its successors or DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations of the Securities and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement2.05, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the Company, the CDI Depositary or any agent of the Company or the CDI Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Certificated Depositary Interest.

Appears in 2 contracts

Samples: Deposit Agreement (Delhaize US Holding, Inc.), Deposit Agreement (Delhaize Group)

Book-Entry System. (a) Upon acceptance by DTC of a Certificated the Depositary Interest Interests for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will Notes shall be issued by DTC and traded through DTC’s 's book-entry system, and ownership of such Book-Entry Interests Notes shall be shown in, and the transfer of such ownership shall be effected only through, records a book-entry system maintained by (i) DTC or its successors or DTC (ii) Participants. Book-Entry Interests DTC shall be transferable only as units representing authorized denominations of treat the Securities and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement, no owner holders of Book-Entry Notes and their successors as the absolute owners of the Depositary Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the CompanyIssuer, the CDI Trustee, the Book-Entry Depositary or any agent of the Company Issuer, the Trustee or the CDI Book-Entry Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Book-Entry Depositary and the Depositary and its DTC Participants, the operation of customary practices of the such Depositary governing the exercise of the rights of a holder an owner of a beneficial interest in any Certificated Global Note or Depositary Interest. (b) The Depositary Interests shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.4 hereof and Section 3.05(d) of the Indenture, no owner of beneficial interests in such Depositary Interests shall be entitled to receive a Registered Note on account of such beneficial interest, and such beneficial owner's interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations.

Appears in 2 contracts

Samples: Note Deposit Agreement (RSL Communications LTD), Note Deposit Agreement (RSL Communications LTD)

Book-Entry System. (a) Upon acceptance by DTC of a Certificated the Depositary Interest Interests for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will Notes shall be issued by DTC and traded through DTC’s 's book-entry system, and ownership of such Book-Entry Interests Notes shall be shown in, and the transfer of such ownership shall be effected only through, records a book-entry system maintained by (i) DTC or its successors or DTC (ii) Participants. Book-Entry Interests Notes shall be transferable (x) only as units representing authorized denominations of the Securities Notes, and (y) until the Separation Date (as defined in the manner contemplated by Warrant Agreement and the Indenture. ), only together with the corresponding beneficial interests in Global Warrants (b) The Certificated Depositary Interest as defined in the Warrant Agreement). DTC shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of treat the Deposit Agreement, no owner holders of Book-Entry Notes and their successors as the absolute owners of the Depositary Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the CompanyNote Issuer, the CDI Trustee, the Book-Entry Depositary or any agent of the Company Note Issuer, the Trustee or the CDI Book-Entry Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Book-Entry Depositary and the Depositary and its DTC Participants, the operation of customary practices of the such Depositary governing the exercise of the rights of a holder an owner of a beneficial interest in any Certificated Global Note or Depositary Interest. (b) The Depositary Interests shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.04 hereof and Section 2.07(a) of the Indenture, no owner of beneficial interests in such Depositary Interests shall be entitled to receive a Note on account of such beneficial interest, and such beneficial owner's interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations.

Appears in 1 contract

Samples: Note Deposit Agreement (RSL Communications PLC)

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Book-Entry System. (a) Upon acceptance by DTC of a Certificated Depositary Interest for entry into its book-entry settlement system in accordance with the terms of the Letter of Representationssystem, Book-Entry Interests will be issued by DTC and traded through DTC’s book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected through, records maintained by DTC or its successors or DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations Specified Denominations of the Securities Notes and in the manner contemplated by the IndentureConditions of these Notes as set out in the applicable pricing supplement. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the Company, the CDI Depositary or any agent of the Company or the CDI Depositary from giving effect to any written certification, consent, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Certificated Depositary Interest.

Appears in 1 contract

Samples: Deposit Agreement

Book-Entry System. (a) Upon acceptance by DTC of a Certificated the Depositary Interest Interests for entry into its book-entry settlement system in accordance with the terms of the Letter of Representations, Book-Entry Interests will Notes shall be issued by DTC and traded through DTC’s 's book-entry system, and ownership of such Book-Entry Interests Notes shall be shown in, and the transfer of such ownership shall be effected only through, records a book-entry system maintained by (i) DTC or its successors or (ii) Par ticipants. DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations of treat the Securities and in the manner contemplated by the Indenture. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement, no owner holders of Book-Entry Notes and their successors as the absolute owners of the Depositary Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the CompanyIssuer, the CDI Trustee, the Book-Entry Depositary or any agent of the Company Issuer, the Trustee or the CDI Book-Entry Depositary from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Book-Entry Depositary and the Depositary and its DTC Participants, the operation of customary practices of the such Depositary governing the exercise of the rights of a holder an owner of a beneficial interest in any Certificated Global Note or Depositary Interest. (b) The Depositary Interests shall be issuable only to DTC, or suc cessors of DTC or their respective nominees. Except as provided in Section 2.4 hereof and Section 3.05(d) of the Indenture, no owner of beneficial interests in such De positary Interests shall be entitled to receive a Registered Note on account of such beneficial interest, and such beneficial owner's interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations.

Appears in 1 contract

Samples: Note Deposit Agreement (RSL Communications LTD)

Book-Entry System. (a) Upon acceptance by DTC of a Certificated Depositary Interest for entry into its book-entry settlement system in accordance with the terms of the Letter of Representationssystem, Book-Entry Interests will be issued by DTC and traded through DTC’s book-entry system, and ownership of such Book-Entry Interests shall be shown in, and the transfer of such ownership shall be effected through, records maintained by DTC or its successors or DTC Participants. Book-Entry Interests shall be transferable only as units representing authorized denominations Specified Denominations of the Securities Notes and in the manner contemplated by the IndentureConditions of the relevant Series of Notes as set out in the applicable pricing supplement. (b) The Certificated Depositary Interest shall be issuable only to DTC, or successors of DTC or their respective nominees. Except as provided in Section 2.05 of the Deposit Agreement, no owner of Book-Entry Interests shall be entitled to receive a Security in definitive form on account of such ownership, and such owner’s interest therein shall be shown only in accordance with the procedures of DTC as set forth in the Letter of Representations. (c) Notwithstanding the foregoing, nothing herein shall prevent the Company, the CDI Depositary or any agent of the Company or the CDI Depositary from giving effect to any written certification, consent, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its DTC Participants, the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Certificated Depositary Interest.

Appears in 1 contract

Samples: Deposit Agreement

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