Clearance systems. (a) Each Chargor must, if so requested by the Collateral Agent:
(i) instruct any clearance system to transfer any Investments held by it for that Chargor or its nominee to an account of the Collateral Agent or its nominee with that clearance system; and
(ii) take whatever action the Collateral Agent may request for the dematerialisation or rematerialisation of any shares held in a clearance system.
(b) Without prejudice to the rest of this Subclause the Collateral Agent may, at the expense of the relevant Chargor (provided that such expenses are reasonably incurred), take whatever action is reasonably required for the dematerialisation or rematerialisation of the shares as necessary.
Clearance systems. (a) Each Chargor must, if so requested by the Collateral Agent:
(i) instruct any clearance system to transfer any Investment held by it for that Chargor or its nominee to an account of the Collateral Agent or its nominee with that clearance system; and
(ii) take whatever action the Collateral Agent may request for the dematerialisation or rematerialisation of any Investments held in a clearance system.
(b) Without prejudice to the rest of this Subclause the Collateral Agent may, at the expense of the relevant Chargor, take whatever action is required for the dematerialisation or rematerialisation of the Investments as necessary.
Clearance systems. The Custodian has no liability for the acts, omissions, defaults or insolvency of any Clearance System not resulting from the negligence, willful misconduct or fraud of the Custodian. Except as required by applicable law or regulation, the Custodian has no responsibility for the selection or monitoring of any Clearance System.
Clearance systems. (A) If an Enforcement Event has occurred and is continuing, each Chargor shall, if so requested by the Lender:
(1) instruct any clearance system to transfer any Investment held by it for the Chargor or its nominee to an account of the Lender or its nominee with that clearance system; and
(2) take whatever action the Lender may request for the dematerialisation or rematerialisation of any Investments held in a clearance system.
(B) Without prejudice to the rest of this Clause the Lender may, at the expense of the Chargor, take whatever action is required for the dematerialisation or rematerialisation of the Investments if an Enforcement Event has occurred and is continuing.
Clearance systems. The Company has no liability for the acts, omissions, defaults or insolvency of the Exchange or for the operation of any clearance system.
Clearance systems. (a) If an Event of Default has occurred and is continuing, each Chargor must, if so requested by the UK Security Trustee:
(i) instruct any clearance system to transfer any Investment held by it for that Chargor or its nominee to an account of the UK Security Trustee or its nominee with that clearance system; and
(ii) take whatever action the UK Security Trustee may request for the dematerialisation or rematerialisation of any Investments held in a clearance system.
(b) Without prejudice to the rest of this Subclause the UK Security Trustee may, at the expense of the relevant Chargor, take whatever action is required for the dematerialisation or rematerialisation of the Investments as necessary.
Clearance systems. (a) If an Event of Default has occurred and is continuing, each Chargor must, if so requested by the UK Security Trustee:
Clearance systems. Each Chargor must, if requested by the Lender, instruct any clearance system to transfer any Investment held by it for that Chargor or its nominee to an account of the Lender or its nominee with that clearance system.
Clearance systems. Unless specified in writing to the Client, each Clearance System in which Securities are held by the Custodian will be a U.S. securities depository authorized under Rule 17f-4 under the 1940 Act or an Eligible Foreign Depository as defined in Rule 17f-7 under the 1940 Act, including for purpose of clarity Euroclear Bank and Clearstream Bank.
Clearance systems. The Chargor must, if so requested by the Chargee, instruct any clearance system to transfer any Investment held by it for the Chargor or its nominee to an account of the Chargee, an Account Bank or its nominee with that clearance system.
