Examples of CMU Operator in a sentence
The holder of a global Note held by or on behalf of the CMU Operator shall be the only person entitled to receive payments in respect of Notes represented by such global Note and the Issuer will be discharged by payment to, or to the order of, the holder of such global Note in respect of each amount so paid.
Payments of principal or interest (if any) in respect of such global Note will be made to the persons for whose account a particular nominal amount of Notes represented by such global Note is credited as being held by the CMU Operator at the relevant time, as notified to the CMU Lodging and Paying Agent by the CMU Operator in a relevant CMU Instrument Position Report or in any other relevant notification by the CMU Operator.
Payments of principal or interest (if any) in respect of such global Note will be made to the persons for whose account a particular nominal amount of Notes represented by such global Note is credited as being held by the CMU Operator at the relevant time, as notified to the CMU Lodging and Paying Agent by the CMU Operator in a relevant CMU Issue Position Report or in any other relevant notification by the CMU Operator.
No person other than the holder of such global Note shall have any claim against the Issuer in respect of any payments due on that global Note.The holder of a global Note held by or on behalf of the CMU Operator shall be the only person entitled to receive payments in respect of Notes represented by such global Note and the Issuer will be discharged by payment to, or to the order of, the holder of such global Note in respect of each amount so paid.
The Trustee shall not be liable to any person by reason of having accepted as valid or not having rejected any certificate or other document to such effect purporting to be issued by Euroclear, Clearstream, Luxembourg or the CMU Operator and subsequently found to be forged or not authentic.
The Trustee may call for any certificate or other document to be issued by Euroclear, Clearstream, Luxembourg or the CMU Operator as to the principal amount of Notes represented by a Global Note standing to the account of any person.
Payments of principal or interest (if any) in respect of such global Note will be made to the persons for whose account a particular nominal amount of Notes represented by such global Note is credited as being held by the CMU Operator at the relevant time, as notified to the CMU Lodging and Paying Agent by the CMU Operator.
For so long as all of the Bonds are represented by the Global Bond and the Global Bond is held on behalf of the CMU Operator, notices to Bondholders may be given by delivery of the relevant notice to the persons shown in a CMU Instrument Position Report issued by the CMU Operator on the business day preceding the date of despatch of such notice as holding interests in the Global Bond for communication to the relative Accountholders rather than by publication as required by Condition 14(a) (Publication).
However, for so long as the Bonds are represented by a Global Bond held by or on behalf of the CMU Operator, any Bondholder must deliver his or her notice to the Bank or the Fiscal Agent through the CMU by a direct or indirect Accountholder, with whom the Bondholder maintains his or her ownership in the Bonds in accordance with CMU’s standard procedures.
For these purposes, a notification from the CMU Operator shall be conclusive evidence of the records of the CMU (save in the case of manifest error).