Common Depository definition

Common Depository has the meaning specified in Section 304(b).

Common Depository means DTC, Clearstream, Luxembourg and Euroclear, as applicable.

Common Depository has the meaning specified in Section 3.04.

Examples of Common Depository in a sentence

• DTC and the Common Depository will have no direct obligation to a beneficial owner that is not also a DTC Participant, with respect to such Note.

• Such Common Depository Notes shall be credited to Euroclear, Clearstream or such other clearing system participants’ securities accounts either on the Closing Date or on the settlement day following the Closing Date against payment in same-day funds (for value on the Closing Date).

• Payments with respect to Common Depository Notes shall be credited to Euroclear participants, Clearstream participants or participants of any other applicable clearing system in accordance with the relevant system’s rules and procedures.

• Investors holding Common Depository Notes through Euroclear, Clearstream or such other clearing system shall follow the settlement procedures applicable to conventional Eurobonds in registered form.

• The rights of a beneficial owner of a DTC Note with respect to DTC and a Common Depository Note with respect to the Common Depositories may be exercised only through the applicable DTC Participant.

More Definitions of Common Depository

Common Depository means the common depository appointed by Morgan Guaranty Trust Company of New York, Brussels office, as operator of the Euroclear System, and Clearstream, societe anonyme, which shall initially be The Bank of New York, including the nominees and successors of any Common Depository.

Common Depository means a depository common to the ICSDs;

Common Depository has the meaning specified on Section 3.04.

Common Depository means the Person specified as such pursuant to ----------------- Section 301.

Common Depository has the meaning specified in Section 3.4.

Common Depository has the meaning set forth in Section 304.

Common Depository means, with respect to the Euro Notes, The Bank of New York Depository (Nominees) Limited as common depository for Euroclear and Clearstream or another Person designated as common depository by the Company, which Person must be a clearing agency registered under the Exchange Act.