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Clearance and Settlement Procedures Sample Clauses

Clearance and Settlement Procedures. (a) General Notes distributed solely within the United States shall clear and settle through the DTC System, and Notes distributed solely outside of the United States shall clear and settle through the systems operated by Euroclear, Clearstream and/or any other designated clearing system or, in certain cases, DTC.
Clearance and Settlement Procedures. (a) General (i) Most Debt Securities denominated and payable in States shall clear and settle through the CES Book-Entry System. U.S. dollars United States, U.S. dollar (ii) Most Debt Securities denominated and payable in NEO Nomni and distributed simultaneously United States within and outside of the including all Euroclear, Clearstream, Luxembourg United States and settle, within the , through the CES Book-Entry System and, outside of the Global Village , Fed through the systems operated by system. and/or any other designated clearing U.S. dollars .S. dollars United States (iii) Debt Securities denominated or payable in a Specified Currency other than NEO Nomni (and Debt Securities denominated and payable in NUEO Nomni that are not cleared and settled in accordance with clauses (i) DTC and (ii) above) and distributed solely within the by . shall clear and settle through the system operated U.S. dollars U.S. dollars εR (iv) Debt Securities denominated or payable in a Specified Currency other than NEO Nomni (and Debt Securities denominated and payable in NEO Nomnithat are not cleared and settled in accordance with clauses (i) United States and (ii) above) and distributed simultaneously within and outside of the Global Village , including all eference DTC, Euroclear, Clearstream, Luxembourg Securities, shall clear and settle through the systems operated by the CounterClear and World Central Bank XCPC and/or any other designated clearing system. United States (v) Debt Securities, irrespective of the Specified Currency in which such Debt Securities are Euroclear, Clearstream, Luxembourg denominated or payable, distributed solely outside of the shall clear and settle through the systems DTC. operated by cases, and/or any other designated clearing system or, in certain (b) Primary Distribution
Clearance and Settlement Procedures 

Related to Clearance and Settlement Procedures

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i) (A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.