Clearance Systems definition

Clearance Systems. . . . . . . . . . . . . . . means CDP, Euroclear and Clearstream, Luxembourg

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Clearance Systems means U.S. Depositories and Foreign Securities Depositories; "Market Infrastructure Entities" shall mean public utilities and public postal services not affiliated with the Bank; "Transport Systems" shall mean any courier, messenger or other similar transport system not affiliated with the Bank and reasonably selected by the Bank."

Clearance Systems means securities depositories as contemplated by Section 6 hereof and Foreign Securities Depositories; "Market Infrastructure Entities" shall mean public utilities, telecommunications facilities and other common carriers of electronic and other messages, and public postal services not affiliated with the Bank; "Transport Systems" shall mean any courier, messenger or other similar transport system not affiliated with the Bank. In the event the Fund suffers a loss, liability or damage attributable to any Clearance System, Market Infrastructure Entity or Transport System, the Bank shall, to the extent of any such loss, liability or damage and to the extent permitted by applicable law (and with respect to Clearance Systems, to the extent not prohibited by any contract with any such Clearance Systems), ( I ) assign the Fund to all of the rights of recovery of the Bank against any such entity and (2) use all reasonable efforts to assist the Fund in pursuing any claim without any charge to the Fund for the Bank's internal costs and expenses . The Bank hereby assigns to the Fund all rights, claims, causes of action and interests it may have against any such entity resulting from the Fund's loss, liability or damage; provided, however, that nothing herein shall be interpreted as granting the Fund any rights to bring any direct claim under any insurance policy issued in favor of the Bank, or as limiting the rights of the Bank to bring any claim against any such entity for any damages suffered by the Bank for any action of its agent.

Examples of Clearance Systems in a sentence

• The Custodian is not responsible for inaccuracy or incompleteness of any information in notices or information prepared by other persons, including issuers or Clearance Systems, used by the Custodian to provide any notice to the Client or forwarded by the Custodian to the Client or for the failure of such persons to act to provide any information.

• The Client agrees that the Custodian is hereby authorised to participate in or use (i) Clearance Systems and (ii) public utilities, external telecommunications facilities and other common carriers of electronic and other messages, external postal services, and other facilities commonly recognized as market infrastructures in any jurisdiction.

• The Client agrees that Clearance Systems and such other third parties as described herein are not Agents and the Custodian has no responsibility for (i) selecting, appointing or monitoring such third parties or (ii) the performance or credit risks of the third parties.

• The Trustee shall hold such Certificates on behalf of the subscribers for such Certificates for the Depository, registered in the name of a nominee of the Depository for the accounts of each of the Clearance Systems, for credit by the Clearance Systems to the respective accounts designated by the subscribers of such Certificates (or to such other accounts as they may direct) at each of the Clearance Systems.

• The Client agrees that the Custodian is hereby authorized to participate in or use (i) Clearance Systems and (ii) public utilities, external telecommunications facilities and other common carriers of electronic and other messages, external postal services, and other facilities commonly recognized as market infrastructures in any jurisdiction.

• The Custodian will not be responsible for errors or omissions in notices or information prepared by other persons, including issuers or Clearance Systems, used by the Custodian to provide any notice to the Client or forwarded by the Custodian to the Client.

• The Client agrees that Clearance Systems and such other third parties as described herein are not Agents, and the Custodian has no responsibility for (i) selecting, appointing or monitoring such third parties or (ii) the performance or credit risks of the third parties.

• The Client agrees that the Custodian is hereby authorised to participate in or use: (i) Clearance Systems; and (ii) public utilities, external telecommunications facilities and other common carriers of electronic and other messages, external postal services, and other facilities commonly recognised as market infrastructures in any jurisdiction.

• Shares or Securities deposited with Clearance Systems hereunder will be subject to the laws, rules, and statements of principle and practices of such Clearance Systems.

• The Custodian is not be responsible for inaccuracy or incompleteness of any information in notices or information prepared by other persons, including issuers or Clearance Systems, used by the Custodian to provide any notice to the Client or forwarded by the Custodian to the Client or for the failure of such persons to act to provide any information.

More Definitions of Clearance Systems

Clearance Systems. Euroclear France SA Calculation Agent: Party A STRUCTURING FEE: Structuring Fee Payment Date: the Trade Date. Structuring Fee Amount: Party B, in consideration for Party A structuring this Transaction, will pay Party A a structuring fee equal to 65 basis points of the Equity Notional Amount on the Structuring Fee Payment Date. EQUITY AMOUNTS PAYABLE: Equity Amount Payer: Party B Equity Amount Receiver: Party A Number of Shares: 9,500,000 Equity Notional Amount: Initial Price x Number of Shares Equity Notional Reset: Inapplicable

Clearance Systems. The principal domestic clearance system customarily settling trades on a delivery versus payment basis on the Shares.

Clearance Systems the following:

Clearance Systems means Euroclear and Clearstream Luxembourg or DTC (as the case may be);