Common use of Form of Delivery Clause in Contracts

Form of Delivery. of the Class A Securities and the Class B Securities; Denominations. (a) The Class A Securities and the Class B Securities, shall be delivered as Book-Entry Securities as provided in Sections 6.1 and 6.10 of the Agreement. The Class A Securities and the Class B Securities shall be issued in minimum denominations of $1,000 and integral multiples thereof. (b) The Depositary for the Class A Securities and the Class B Securities shall be DTC and the Class A Securities and the Class B Securities shall be initially registered in the name of Cede & Co., its nominee, and will initially be held by the Trustee as custodian for DTC.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Metris Master Trust), Transfer Agreement (Metris Master Trust), Supplement (Metris Master Trust)

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