Suspension of Settlement through DTC. The Issuer, the Trustee, the Agents and each Holder or beneficial owner of a Security acknowledge that, following the receipt of a Write-Down and Cancellation Notice by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension Period. Notwithstanding any delay in, or unavailability of procedures of, DTC reflecting the Write-Down and Cancellation on its systems, the Write-Down and Cancellation shall take place on the relevant Write-Down and Cancellation Date.
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Samples: Perpetual Subordinated Indenture (Sumitomo Mitsui Financial Group, Inc.), Perpetual Subordinated Indenture (Sumitomo Mitsui Financial Group, Inc.)
Suspension of Settlement through DTC. The Issuer, the Trustee, the Agents Company and each Holder or beneficial owner of a Security acknowledge and agree that, following the receipt of a Write-Down and Cancellation Notice by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension Period. Notwithstanding any delay in, or unavailability of procedures of, DTC reflecting the a Write-Down and Cancellation on its systems, the a Write-Down and Cancellation shall take place on the relevant Write-Down and Cancellation DateDate or upon the occurrence of the Bankruptcy Event, as applicable.
Appears in 1 contract
Samples: Perpetual Subordinated Indenture (Nomura Holdings Inc)
Suspension of Settlement through DTC. The Issuer, the Trustee, the Agents Company and each Holder or beneficial owner of a Security acknowledge and agree that, following the receipt of a Write-Down and Cancellation Notice by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension Period. Notwithstanding any delay in, or unavailability of procedures of, DTC reflecting the Non-Viability Write-Down and Cancellation on its systems, the Non-Viability Write-Down and Cancellation shall take place on the relevant Write-Down and Cancellation Date.
Appears in 1 contract
Samples: Fixed Term Subordinated Indenture (Mitsubishi Ufj Financial Group Inc)
Suspension of Settlement through DTC. The Issuer, the Trustee, the Agents Company and each Holder or beneficial owner of a Security acknowledge and agree that, following the receipt of a Write-Down and Cancellation Notice by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension Period. Notwithstanding any delay in, or unavailability of procedures of, DTC reflecting the Write-Down and Cancellation on its systems, the Write-Down and Cancellation shall take place on the relevant Write-Down and Cancellation DateDate or upon the occurrence of the Bankruptcy Event, as applicable.
Appears in 1 contract
Samples: Perpetual Subordinated Indenture (Mitsubishi Ufj Financial Group Inc)
Suspension of Settlement through DTC. The Issuer, the Trustee, the Agents Company and each Holder or beneficial owner of a Security acknowledge and agree that, following the receipt of a Write-Down and Cancellation Notice by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension Period. Notwithstanding any delay in, or unavailability of procedures of, DTC reflecting the Write-Write- Down and Cancellation on its systems, the Write-Down and Cancellation shall take place on the relevant Write-Down and Cancellation DateDate or upon the occurrence of the Bankruptcy Event, as applicable.
Appears in 1 contract
Samples: Perpetual Subordinated Indenture (Mitsubishi Ufj Financial Group Inc)