Alternative Clearing System definition

Alternative Clearing System means any additional or alternative clearing system (other than Euroclear and Clearstream, Luxembourg) approved by the Issuer, the Guarantor, the Trustee and the Issuing and Paying Agent;

Alternative Clearing System means any clearing system (including without limitation The Depositary Trust Company (“DTC”)) other than Euroclear or Clearstream, Luxembourg;

Alternative Clearing System means any clearing system other than Euroclear or Clearstream, Luxembourg;

Examples of Alternative Clearing System in a sentence

• This permanent Global Note is exchangeable in part (provided, however, that if this permanent Global Note is held by or on behalf of Euroclear, Clearstream, Luxembourg and/or an Alternative Clearing System, Euroclear, Clearstream, Luxembourg and/or such Alternative Clearing System, as the case may be, so permit) if principal in respect of any Notes is not paid when due.

• In the event that any option of the Issuer is exercised in respect of some but not all of the Notes of any Series, the rights of accountholders with a clearing system in respect of the Notes will be governed by the standard procedures of Euroclear and/or Clearstream, Luxembourg (to be reflected in the records of Euroclear and Clearstream, Luxembourg as either a pool factor or a reduction in nominal amount, at their discretion) or any other Alternative Clearing System (as the case may be).

• The following will apply in respect of transfers of Bonds held in Euroclear or Clearstream, Luxembourg or an Alternative Clearing System.

• Notwithstanding Condition 14 (Notices), so long as this Class C Global Note Certificate is held on behalf of DTC or any other clearing system (an "ALTERNATIVE CLEARING SYSTEM"), notices to Holders of Class C Notes represented by this Class C Global Note Certificate may be given by delivery of the relevant notice to DTC or (as the case may be) such Alternative Clearing System.

• Notwithstanding Condition 14 (Notices), so long as this Class B Global Note Certificate is held on behalf of DTC or any other clearing system (an "ALTERNATIVE CLEARING SYSTEM"), notices to Holders of Class B Notes represented by this Class B Global Note Certificate may be given by delivery of the relevant notice to DTC or (as the case may be) such Alternative Clearing System.

More Definitions of Alternative Clearing System

Alternative Clearing System. All references in this Agreement to Euroclear and/or Clearstream, Luxembourg shall, wherever the context so permits, be deemed to include reference to any additional or alternative clearing system approved by the Issuer, the Relevant Dealer(s) and the Issue and Paying Agent. In the case of NGCBs, such alternative clearing system must be authorised to hold such Notes as eligible collateral for Eurosystem monetary policy and intra-day credit operations.

Alternative Clearing System means any such other clearing system as shall have been approved by the Trustee.

Alternative Clearing System means any clearing system (including without limitation The Depository Trust Company (“DTC”)) other than Euroclear or Clearstream, Luxembourg;

Alternative Clearing System means any clearing system other than Euroclear or Clearstream, Luxembourg

Alternative Clearing System means any clearing system other than the NBB-SSS;

Alternative Clearing System has the meaning set out in Condition 5; “Bonds” has the meaning set out in the introductive paragraph of Section 5;

Alternative Clearing System has the meaning given in the Global Certificate;