Capital Security Beneficial Owner definition

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

Capital Security Beneficial Owner means, with respect to any beneficial interest in a Global Security, ownership and transfers of which shall be maintained and made through book entries by a Depositary, a Person who is the beneficial owner of such beneficial interest, as reflected on the books of the Depositary, or on the books of a Person maintaining an account with such Depositary (as a direct or indirect participant, in each case in accordance with the rules of such Depositary).

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Depositary, or on the books of a Person maintaining an account with such Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with the rules of such Depositary).

Examples of Capital Security Beneficial Owner in a sentence

• Global Capital Securities shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of the Clearing Agency, and no Capital Security Beneficial Owner will receive a Definitive Capital Security representing such Capital Security Beneficial Owner's interests in such Global Capital Securities, except as provided in Sections 7.4 and 9.

• Such Global Certificates shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of DTC, and no Capital Security Beneficial Owner will receive a definitive Capital Security Certificate representing such Capital Security Beneficial Owner's interests in such Global Certificates, except as provided in Section 9.7 below.

• Payment of Distributions to the Depositary is the responsibility of the Trust, disbursement of such payments to Depositary Participants is the responsibility of the Depositary, and disbursement of such payments to the Capital Security Beneficial Owner is the responsibility of Depositary Participants.

• Every Person, by virtue of having become a Holder or a Capital Security Beneficial Owner in accordance with the terms of this Declaration, shall be deemed to have expressly assented and agreed to the terms of, and shall be bound by, this Declaration.

• Each Capital Security Beneficial Owner will not receive a Definitive Capital Security Certificate representing such Capital Security Beneficial Owner's interest in the Capital Securities, except as provided in Section 9.07 below.

More Definitions of Capital Security Beneficial Owner

Capital Security Beneficial Owner means, with respect to a Book-Entry Capital Security, a Person who is the beneficial owner of such Book-Entry Capital Security, as reflected on the books of the Depositary, or on the books of a Person maintaining an account with such Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with Applicable Depositary Procedures).

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Depository Institution, or on the books of a Person maintaining an account with such Depository Institution (directly as a Depository Institution Participant or as an indirect participant, in each case in accordance with the rules of such Depository Institution).

Capital Security Beneficial Owner means, with respect to a Book-Entry Interest, a Person who is the beneficial owner of such

Capital Security Beneficial Owner means each Person who is the beneficial owner of an interest in a Global Security as reflected in the records of the Depositary or, if a Depositary participant is not the beneficial owner, then as reflected in the records of a Person maintaining an account with the Depositary (directly or indirectly, in accordance with the rules of the Depositary).

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the

Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Depository, or on the books of a Person maintaining an account with such Depository (directly as a Depository Participant or as an indirect participant, in each case in accordance with the rules of such Depository).