Certificateless Depositary Interest definition

Certificateless Depositary Interest means an interest in a Global Note held by the Book-Entry Depositary that (i) shall, at all times, represent the right to receive 100% of the principal and premium (if any) of and interest and Payments and Missed Payments (if any) on such Global Note and the right to receive in certain circumstances the issue of one or more Definitive Notes representing up to 100% of the principal amount represented by such Global Note and (ii) is issued by the Book-Entry Depositary to the Depositary or its nominee.
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Certificateless Depositary Interest means an interest in a Global Note held by the Book-entry Depositary that (i) shall at all times prior to an issuance of Definitive Notes, if any, in respect of such Global Note represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) in respect of the underlying Global Note and the right to require the Book-entry Depositary to procure the issuance of one or more Definitive Notes representing up to 100% of the principal amount represented by such Global Note upon the satisfaction of the conditions set forth in the Indenture for such issuance and (ii) is issued by the Book-entry Depositary to the Depositary.
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Certificateless Depositary Interest means, in respect of a Series of Capital Notes, the registered beneficial interest that shall, at all times prior to the issuance of registered definitive certificates in respect thereof, represent the right to receive 100 per cent. of the principal, premium (if any) and interest and any voting or other rights of the relevant underlying Global Capital Note of such Series, and that is issued by the Depositary to the
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Examples of Certificateless Depositary Interest in a sentence

  • The Book-Entry Depositary shall treat the Person in whose name a Certificateless Depositary Interest is recorded in its records as the owner thereof for all purposes whatsoever and shall not be bound or affected by any notice to the contrary, other than an order of a court having jurisdiction over the Book-Entry Depositary.

  • In addition, the Book-Entry Depositary shall cause the Note Custodian to notify the Depositary of the principal amount redeemed and of a corresponding reduction of the same principal amount of the applicable Certificateless Depositary Interest.

  • Upon receipt of any payment resulting from the notice of redemption, the Book-Entry Depositary shall pay any amounts received to the Depositary, indicate the principal amount of the Global Note reduced by the Trustee in connection with the notice of redemption and notify the Depositary of a corresponding reduction in the principal amount of the applicable Certificateless Depositary Interest.

  • The Book-Entry Depositary shall treat the Person in whose name the Certificateless Depositary Interest of a Series is recorded in the records of the Book-Entry Depositary as the owner thereof for all purposes whatsoever and shall not be bound or affected by any notice to the contrary, other than an order of a court having jurisdiction over the Book-Entry Depositary.

  • In addition, the Book-Entry Depositary shall notify the Depositary of the principal amount redeemed and of a corresponding reduction of the same principal amount of the corresponding Certificateless Depositary Interest.

  • Concurrently with the issuance of any such Global Note, the Trustee shall cause the aggregate principal amount of the applicable Initial Global Note to be reduced accordingly and direct the Book-Entry Depositary to make a corresponding reduction in its book-entry system in respect of the Certificateless Depositary Interest.

  • The Note Custodian shall hold such Global Notes at its corporate trust office at ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ or at such other place or places outside Ireland as the Book-Entry Depositary may determine with the prior written consent of the Issuer and the Book-Entry Depositary shall issue a Certificateless Depositary Interest with respect to each Global Note in accordance with the Letter of Representations.

  • Subject to the provisions of this Agreement, only the Depositary in whose name the relevant Certificateless Depositary Interest is recorded in the records of the Book-Entry Depositary at the close of business on such record date shall be entitled to give instructions as to such action, receive any such action or to act in respect of any such matter.

  • The Book-Entry Depositary shall issue the relevant Certificateless Depositary Interest in accordance with the relevant Letter of Representations.

  • The Company appoints the Global Depositary as its agent for the sole purpose of maintaining at the Global Depositary's Corporate Trust Office records in which the Global Depositary shall (i) record DTC as the initial owner of each Certificateless Depositary Interest, (ii) record the transfer of any Certificateless Depositary Interest, and (iii) record the increases and decreases in the principal amount at maturity represented by the Certificateless Depositary Interests.