Clearing System confirmation that the Covered Bonds have been accepted by DTC, CDS, Euroclear, Clearstream, Luxembourg or any alternative clearing system (as appropriate) for clearing and settlement in its or their systems, as appropriate.
Clearing System. The parties hereby agree that the Swiss Franc Notes will be cleared and settled through SIX SIS in accordance with standard Swiss market practice. Any references to Clearstream, Luxembourg and/or Euroclear in the Fiscal Agency Agreement shall to the extent relevant be deemed also to be a reference to SIX SIS.
Clearing System confirmation that the Covered Bonds have been accepted by CDS or any alternative clearing system (as appropriate) for clearing and settlement in its or their systems, as appropriate.
Clearing System. (a) The Chargor must, if so requested by the Chargee and after the occurrence of an Enforcement Event, take whatever action the Chargee may reasonably request for the dematerialisation or rematerialisation of any Collateral Shares held in a Clearing System.
(b) Without prejudice to the rest of this Clause, the Chargee may, at the expense of the Chargor and after the occurrence of an Enforcement Event, take whatever reasonable action is required for the dematerialisation or rematerialisation of the Collateral Shares as necessary.
Clearing System. Each Global Note will be kept in custody by or on behalf of the Clearing System until all obligations of the Issuer under the Notes have been satisfied. "Clearing System" means each of the following: Clearstream Banking société anonyme, Luxembourg ("Clearstream Luxembourg") and Euroclear Bank S.A./N.V. ("Euroclear") (together, the "ICSDs" and each an "ICSD") or any successor in this capacity. Notes issued in "new global note" ("NGN") form will be kept in custody by a common safekeeper on behalf of the ICSDs and Notes issued in "classical global note" ("CGN") form will be kept in custody by a common depository.
Clearing System. For such time as the Notes are quoted on ASX, the rights of a person holding an interest in the Notes are subject to the rules and regulations of the Clearing System.
Clearing System. The Company will provide reasonable assistance to the Note Purchasers in arranging for interests in the Notes to be eligible for clearance and settlement through Euroclear and Clearstream.
Clearing System. The Issuer undertakes in favour of each Relevant Account Holder that, in relation to any payment to be made by it under this Deed, it will comply with the provisions of Condition 6 to the extent that they apply to any payments in respect of Underlying Notes as if those provisions had been set out in full in this Deed.
