Common use of DEALINGS WITH AND BY THE DEPOSITORY Clause in Contracts

DEALINGS WITH AND BY THE DEPOSITORY. All references herein to actions by, or notices given or payments made to, Debentureholders shall, where such Series H Debentures are held through the Depository, refer to actions taken by, or notices given or payments made to, the Depository upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures. For the purpose of any provision of this Eighth Supplemental Trust Indenture requiring or permitting actions with the consent of or at the direction of the Debentureholders evidencing a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, such direction or consent may be given by Debentureholders acting through the Depository and the CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures. The rights of a Debentureholder shall be exercised only through the Depository and the CDS Participants and shall be limited to those established by law and agreements between such Debentureholder and the Depository and/or the CDS Participants or upon instructions from the CDS Participants. Each of the Company and the Trustee may deal with the Depository for all purposes (including the making of payments) as the authorized representative of the respective Debentureholders and such dealings with the Depository shall constitute satisfaction or performance, as applicable, of its respective obligations hereunder. In the event of a vote by registered Debentureholders pursuant to the Indenture when the Series H Debentures are held through the Depository, the Depository shall vote such Series H Debentures upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures, and if such vote requires the approval of a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, the approval of CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures shall be sufficient.

Appears in 1 contract

Samples: Trust Indenture (Cameco Corp)

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DEALINGS WITH AND BY THE DEPOSITORY. All references herein to actions by, or notices given or payments made to, Debentureholders shall, where such Series H Debentures are held through the Depository, refer to actions taken by, or notices given or payments made to, the Depository upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures. For the purpose of any provision of this Eighth Second Supplemental Trust Indenture requiring or permitting actions with the consent of or at the direction of the Debentureholders evidencing a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, such direction or consent may be given by Debentureholders acting through the Depository and the CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures. The rights of a Debentureholder shall be exercised only through the Depository and the CDS Participants and shall be limited to those established by law and agreements between such Debentureholder and the Depository and/or the CDS Participants or upon instructions from the CDS Participants. Each of the Company and the Trustee may deal with the Depository for all purposes (including the making of payments) as the authorized representative of the respective Debentureholders and such dealings with the Depository shall constitute satisfaction or performance, as applicable, of its respective obligations hereunder. In the event of a vote by registered Debentureholders pursuant to the Indenture when the Series H Debentures are held through the Depository, the Depository shall vote such Series H Debentures upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures, and if such vote requires the approval of a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, the approval of CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures shall be sufficient.

Appears in 1 contract

Samples: Second Supplemental Trust Indenture (Cameco Corp)

DEALINGS WITH AND BY THE DEPOSITORY. All references herein to actions by, or notices given or payments made to, Debentureholders shall, where such Series H Debentures are held through the Depository, refer to actions taken by, or notices given or payments made to, the Depository upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures. For the purpose of any provision of this Eighth Third Supplemental Trust Indenture requiring or permitting actions with the consent of or at the direction of the Debentureholders evidencing a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, such direction or consent may be given by Debentureholders acting through the Depository and the CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures. The rights of a Debentureholder shall be exercised only through the Depository and the CDS Participants and shall be limited to those established by law and agreements between such Debentureholder and the Depository and/or the CDS Participants or upon instructions from the CDS Participants. Each of the Company and the Trustee may deal with the Depository for all purposes (including the making of payments) as the authorized representative of the respective Debentureholders and such dealings with the Depository shall constitute satisfaction or performance, as applicable, of its respective obligations hereunder. In the event of a vote by registered Debentureholders pursuant to the Indenture when the Series H Debentures are held through the Depository, the Depository shall vote such Series H Debentures upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures, and if such vote requires the approval of a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, the approval of CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures shall be sufficient.

Appears in 1 contract

Samples: Trust Indenture (Cameco Corp)

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DEALINGS WITH AND BY THE DEPOSITORY. All references herein to actions by, or notices given or payments made to, Debentureholders shall, where such Series H Debentures are held through the Depository, refer to actions taken by, or notices given or payments made to, the Depository upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures. For the purpose of any provision of this Eighth First Supplemental Trust Indenture requiring or permitting actions with the consent of or at the direction of the Debentureholders evidencing a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, such direction or consent may be given by Debentureholders acting through the Depository and the CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures. The rights of a Debentureholder shall be exercised only through the Depository and the CDS Participants and shall be limited to those established by law and agreements between such Debentureholder and the Depository and/or the CDS Participants or upon instructions from the CDS Participants. Each of the Company and the Trustee may deal with the Depository for all purposes (including the making of payments) as the authorized representative of the respective Debentureholders and such dealings with the Depository shall constitute satisfaction or performance, as applicable, of its respective obligations hereunder. In the event of a vote by registered Debentureholders pursuant to the Indenture when the Series H Debentures are held through the Depository, the Depository shall vote such Series H Debentures upon instructions from the CDS Participants in accordance with the Depository’s rules and procedures, and if such vote requires the approval of a specified percentage of the aggregate unpaid principal amount of Series H Debentures outstanding, the approval of CDS Participants owning Series H Debentures evidencing the requisite percentage of the principal amount of Series H Debentures shall be sufficient.

Appears in 1 contract

Samples: Supplemental Trust Indenture (Cameco Corp)

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