Book-Entry Only System definition

Book-Entry Only System means the book-based securities transfer system administered by CDS in accordance with its operating rules and procedures in force from time to time;
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Book-Entry Only System means the record entry securities transfer and pledge system established and governed by one or more agreements between CDS and CDS Participants pursuant to which the operating rules and procedures for such system are established and administered by CDS, including in relation to CDS.
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Book-Entry Only System means the record book-entry only securities transfer and pledge system administered by the Depository in accordance with its operating rules and procedures in force from time to time or any successor system thereof.
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Examples of Book-Entry Only System in a sentence

  • In the event that the Book-Entry Only System pursuant to this section is discontinued, the Bonds shall be issued, transferred, and exchanged through DTC and its Participants to the Beneficial Owners.

  • Once the insurance company’s results of operations improved to the satisfaction of Donegal Mutual, Donegal Mutual sponsored the demutualization of the insurance company.

  • In the event of termination of the Book-Entry Only System, the City shall have the right to terminate, and shall take all steps necessary to terminate, all arrangements with the securities depository described herein, and thereafter shall issue, register ownership of, transfer, and exchange all Bonds as provided herein.

  • In the event that the Book-Entry Only System established pursuant to this Section 3.08 is discontinued, except as provided in clause (g), the Bonds shall be issued through the securities depository to the Beneficial Owners.

  • So long as the Book-Entry Only System described in this Section 3.08 is in effect, no person other than DTC shall receive an authenticated Bond.


More Definitions of Book-Entry Only System

Book-Entry Only System means the system maintained by the securities depository described in Section 2.11.
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Book-Entry Only System means the system maintained by the securities depository described in Sections 2.07 and 2.09.
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Book-Entry Only System means the book-entry only system administered by CDS.
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Book-Entry Only System means the book-entry system of bond registration provided in Section 5, or any successor system of book-entry registration.
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Book-Entry Only System means the book-based system administered by CDS for registration of interest in and transfer of the Units.
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Book-Entry Only System means a book-entry system established and operated for the recordation of Beneficial Owners pursuant to Section 4.8 hereof.
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Book-Entry Only System means the book-based system administered by CDS.
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