Bond Depository definition

Bond Depository means the securities depository from time to time under Section 201 hereof, which may be the District.

Bond Depository means The Depository Trust Company, New York, New York, a limited purpose trust company organized under the laws of the State of New York, and any successor Bond Depository appointed pursuant to Section 2.11 hereof.

Bond Depository means DTC.

Examples of Bond Depository in a sentence

• In such event, the Bond Depository shall issue, transfer and exchange bond certificates in accordance with the provisions of the Resolution.

• Notwithstanding any other provision of this Resolution to the contrary, so long as any Bond is registered in the name of the Nominee, all payments with respect to principal of, Redemption Price, if any, and interest on, such Bond and all notices with respect to such Bond shall be made and given, respectively, as provided in the Representation Letter or as otherwise agreed in writing with the Bond Depository.

• In the event the City determines that it is in the best interest of the City not to continue the book-entry system of transfer or that the interest of the holders of the Bonds might be adversely affected if the book-entry system of transfer is continued, the City may notify the Bond Depository, whereupon the Bond Depository will notify the Participants of the availability through the Bond Depository of bond certificates.

• If the City fails to identify another qualified securities depository to replace the Bond Depository, then the Bonds shall no longer be restricted to being registered in the bond register in the name of the Nominee, but shall be registered in whatever name or names owners transferring or exchanging Bonds shall designate, in accordance with the provisions of the Resolution.

• In the event (i) the Bond Depository determines not to continue to act as securities depository for the Bonds, (ii) the Bond Depository shall no longer so act and gives notice to the City of such determination, or (iii) the City determines that the Bond Depository is incapable of discharging its responsibilities, then the City will discontinue the book-entry system with the Bond Depository with respect to the Bonds.

More Definitions of Bond Depository

Bond Depository means the securities depository existing from time to time under Section 201 hereof.

Bond Depository means The Depository Trust Company, and its successors and any replacement depository appointed pursuant to Section 211 hereof;

Bond Depository means The Depository Trust Company and its successors and assigns or any other securities depository selected by the Commission which agrees to follow the procedures required to be followed by such securities depository in connection with a Series of Variable Rate Bonds.

Bond Depository means the securities depository for [the Issue Bonds/a Series of Master Plan Bonds/a Series of Infrastructure Bonds/a Series of Bonds] appointed as such pursuant to [Section /the 1991 Resolution] and its successors and assigns.

Bond Depository means The Depository Trust Company or such other securities depository as the Authority may appoint pursuant to Section 502 of the General Resolution, and its successors and any replacement securities depository appointed pursuant to Section 502 of the Thirteenth Supplemental Resolution, Fourteenth Supplemental Resolution, Fifteenth Supplemental Resolution and the Sixteenth Supplemental Resolution.

Bond Depository means the depositary in whose name the Bonds are registered prior to the issuance of Definitive Bonds. The initial Bond Depository shall be Cede & Co., the nominee of the initial Clearing Agency. 103

Bond Depository means The Depository Trust Company, New York, New York. “Book-Entry-Only System” shall have the meaning given such term in Section 2.4 hereof. hereof.