Certificateless Depositary Interests definition

Certificateless Depositary Interests means, with respect to any Tranche of Notes, the beneficial interests that shall, at all times prior to the issuance of Definitive Registered Notes in respect of such Tranche, represent the right to receive 100% of the principal of, premium (if any) and interest and Additional Amounts (if any) on the underlying Global Note of such Tranche and that in each case are issued to the Beneficial Owners or their respective nominees by the Depositary.
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Certificateless Depositary Interests means an interest in a Global Note held by the Book-Entry Depositary that (i) shall at all times prior to the issuance of Definitive Notes in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, Additional Amounts (if any) of, and Liquidated Damages (if any) in respect of, the underlying Global Note and the right to require the Book-Entry Depositary to procure 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 a Depositary or its nominee.
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Certificateless Depositary Interests or “CDIs” means the certificateless depositary interest, issued by the Book-Entry Depositary to DTC or its nominee pursuant to the Deposit Agreement, that represents a 100% interest in a Global Note issued under this Supplemental Indenture.
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Examples of Certificateless Depositary Interests in a sentence

  • The CDIs will be registered in the name of Cede & Co., as nominee of DTC (with respect to Certificateless Depositary Interests issued to DTC) or the nominee of a common depositary for Euroclear and Clearstream (with respect to Certificated Depositary Interests issued to Euroclear and/or Clearstream).

  • The Depositary shall have executed a Letter of Representations to DTC acceptable in form and substance to DTC with respect to the Certificateless Depositary Interests issued to DTC.

  • The Depositary shall issue to DTC Certificateless Depositary Interests and shall issue to Euroclear and/or Clearstream Certificated Depositary Interests, which together shall represent a 100 per cent.

  • The Book-Entry Depositary and the Note Custodian shall not themselves exercise any discretion in the granting of consents or waivers or the taking of any other action in respect of the Certificateless Depositary Interests, the Book-Entry Interests or Global Notes.

  • The Certificateless Depositary Interests shall be issuable only to a Depositary.

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

  • The Issuer hereby appoints the Book-Entry Depositary as its agent for the sole purpose of maintaining at its Corporate Trust Office records in which it shall (i) record the Depositary as the initial owners of the Certificateless Depositary Interests, (ii) record the transfer of any Certificateless Depositary Interests and (iii) record the increases and decreases in the principal amount represented by Certificateless Depositary Interests in such Global Note.

  • The Certificateless Depositary Interests shall not be transferred (i) except as a whole and only to a Depositary, (ii) unless such transfer is noted in the records of the Book-Entry Depositary and (iii) unless such transfer is confirmed by the Depositary and ownership of the Certificateless Depositary Interests are transferred to and registered in the name of a Depositary, authorized by the transferor Depositary and approved by the Issuer.

  • The Certificateless Depositary Interests cannot be transferred unless such transfer is recorded on the Book-Entry Register.

  • The Book-Entry Depositary shall not recognize any transfer or exchange of ownership of the Certificateless Depositary Interests that does not comply with the provisions of this Section 2.04.


More Definitions of Certificateless Depositary Interests

Certificateless Depositary Interests means collectively, (i) the ------------------------------------ beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect to the underlying Regulation S Global Security, (ii) the beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect of the underlying Rule 144A Global Security and (iii) the beneficial interests that shall at all times prior to the issuance of Definitive Securities in respect thereof represent the right to receive 100% of the principal, premium (if any), interest, and Additional Amounts (if any) of and liquidated damages (if any) in respect of the underlying IAI Global Security, and that in each case is issued to the Depositary or its nominee by the Book-Entry Depositary.
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