Depository Participant definition

Depository Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

Depository Participant means a person registered as such under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992.

Depository Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Depositary effects book-entry transfers and pledges of securities deposited with the Depositary.

Examples of Depository Participant in a sentence

• The Lender shall have a pledge/lien on all amounts & Securities of the Borrower/Security Provider and the said bank account(s), Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) opened and/or operated pursuant to/subject to clause(s) in this Agreement.

• The pledge/lien shall become effective from the time when such bank account(s), Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) are opened in case the said bank account(s)/Borrowers/Security Provider Depository Participant Account(s) (if so required by the Lender) are opened after execution of this Agreement.

• The Borrower/Security Provider acknowledge/s that the Facility will be made available only after the Lender shall have received intimation from the Depository Participant in terms of Regulation 58(4) of the D&P Regulations to the effect that the Depository Participant has made an entry in its records of the creation of the pledge/marking of lien in favour of the Lender.

• Borrower/Security Provider agrees and acknowledges that if so required by the Lender, the Security shall also include a charge over the Borrower’s Depository Participant Account or any other Depository Participant (DP) Account in which the relevant Securities are deposited/pledged/lien marked and the Borrower/Security Provider shall do all actions and execute all such documents and make all such fillings as may be required to create and perfect such Security Interest.

• During the continuance of the pledge/lien over the Security, the Borrower/Security Provider as the beneficial owner(s) shall not close his DP Account and/or Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) mentioned in the Agreement with the Depository Participant except with the prior written consent of the Lender.

More Definitions of Depository Participant

Depository Participant means a Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities deposited with the Depository.

Depository Participant. A broker, dealer, bank or other financial institution or other person for which, from time to time, the Depository effects book-entry transfers and pledges of securities deposited with such Depository.

Depository Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges securities deposited with the Depository.

Depository Participant means the depository participant within the meaning of the Depositories Act, 1996, as amended, who have agreements with the Depositories under Section 4(1) of the Depositories Act, 1996, and with whom the Registrar shall enter into agreements under Section 5 of the Depositories Act, 1996 for and on behalf of the Selling Shareholders;

Depository Participant means a securities broker or dealer, bank, trust company, clearing corporation, other financial institution or other Person for whom from time to time a Depository directly or indirectly effects book-entry transfers and pledges securities deposited with the Depository.

Depository Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository. Derivative Contract: Any ISDA Master Agreement, together with the related Schedule and Confirmation, entered into by the Trustee and a Derivative Counterparty in accordance with Section 4.09.

Depository Participant means, with respect to the Depositary Trust Company (the "Depository") or its nominee, an institution that has an account therewith.