Book Entry Registration System definition

Book Entry Registration System means the book-based securities system administered by the Depository in accordance with its operating rules and procedures in force from time to time;
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Book Entry Registration System means the electronic system for clearing, depository and entitlement services operated by the Depository;
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Examples of Book Entry Registration System in a sentence

  • In the case of Uncertificated Warrants, the Warrants purchased pursuant to this Section 5.1 shall be reflected accordingly on the register of Warrants and in accordance with procedures prescribed by the Depository under the Book Entry Registration System.

  • If the Book Entry Participant is not able to make or deliver the foregoing representations by initiating the electronic exercise of the Warrants, then such Warrants shall be withdrawn from the Book Entry Registration System by the Book Entry Participant and an individually registered Warrant Certificate shall be issued by the Warrant Agent to such beneficial owner or Book Entry Participant and the exercise procedures set forth in Section 3.2(1) and Section 3.2(2) shall be followed.

  • The Depository will initiate the exercise by way of the Confirmation and forward the aggregate Exercise Price electronically to the Warrant Agent and the Warrant Agent will execute the exercise by issuing to the Depository through the Book Entry Registration System the Warrant Shares to which the exercising Warrantholder is entitled pursuant to the exercise.

  • Forthwith upon receipt by the Depository of such notice, as well as payment for the aggregate Exercise Price, the Depository shall deliver to the Warrant Agent confirmation of its intention to exercise Warrants (a “Confirmation”) in a manner acceptable to the Warrant Agent, including by electronic means through a Book Entry Registration System.

  • Forthwith upon receipt by the Depository of such notice, as well as payment for the aggregate Exercise Price, the Depository shall deliver to the Warrant Agent confirmation of its intention to exercise Warrants (a "Confirmation") in a manner acceptable to the Warrant Agent, including by electronic means through a Book Entry Registration System.

  • Section 2.1 Creation and Issue of Warrants 8 Section 2.2 Terms of Warrants 9 Section 2.3 Warrantholder not a Shareholder 9 Section 2.4 Warrants to Rank Pari Passu 10 Section 2.5 Form of Warrants, Warrant Certificates 10 Section 2.6 Book Entry Registration System Warrants 10 Section 2.7 Warrant Certificates and Uncertificated Warrants 13 Section 2.8 Legends 15 Section 2.9 Register of Warrants 17 Section 2.10 Issue in Substitution for Warrant Certificates Lost, etc.