Common use of Euroclear and Clearstream Clause in Contracts

Euroclear and Clearstream. Investors holding Common Depository Notes through Euroclear, Clearstream or such other clearing system shall follow the settlement procedures applicable to conventional Eurobonds in registered form. Such Common Depository Notes shall be credited to Euroclear, Clearstream or such other clearing system participants’ securities accounts either on the Closing Date or on the settlement day following the Closing Date against payment in same-day funds (for value on the Closing Date).

Appears in 98 contracts

Samples: Global Agency Agreement, Stacr® Debt Agreement, Global Agency Agreement

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Euroclear and Clearstream. Investors holding Common Depository Notes through Euroclear, Clearstream or such any other designated clearing system shall follow the settlement procedures applicable to conventional Eurobonds in registered form. Such Common Depository Notes shall be credited to Euroclear, Clearstream or such other clearing system participants' securities accounts either on the Closing Date or on the settlement day following the Closing Date against payment in same-day funds (for value on the Closing Date).

Appears in 32 contracts

Samples: Global Agency Agreement, Debt Agreement, Debt Agreement

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