Depository Trust definition

Depository Trust means the trust established pursuant to the Depository Trust Agreement and the Settlement Facility Agreement for the purpose of (i) receiving, holding and investing funds provided pursuant to the Depository Trust Agreement, (ii) issuing payments and disbursing funds as provided in the Depository Trust Agreement and (iii) qualifying as a “Qualified Settlement Fund” pursuant to applicable provisions of the Internal Revenue Code.
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Depository Trust means the trust established pursuant to the Settlement Facility Agreement for the purpose of (i) receiving, holding and investing funds provided pursuant to the Settlement Facility Agreement, (ii) issuing payments and disbursing funds as provided in the Settlement Facility Agreement and (iii) qualifying as a “Qualified Settlement Fund” pursuant to applicable provisions of the Internal Revenue Code.
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Examples of Depository Trust in a sentence

  • The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

  • The Common Stock is currently eligible for electronic transfer through the Depository Trust Company or another established clearing corporation and the Company is current in payment of the fees to the Depository Trust Company (or such other established clearing corporation) in connection with such electronic transfer.

  • The Company agrees to maintain the eligibility of the Common Stock for electronic transfer through the Depository Trust Company or another established clearing corporation, including, without limitation, by timely payment of fees to the Depository Trust Company or such other established clearing corporation in connection with such electronic transfer.

  • Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by institutions that have accounts with The Depository Trust Company (the “Depositary”) (such institution, with respect to a Warrant in its account, a “Participant”).

  • Delivery of the Securities shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct.

  • Delivery of the Shares shall be made through the facilities of The Depository Trust Company (“DTC”) unless the Representatives shall otherwise instruct.

  • Delivery of the Underwritten Securities and the Option Securities shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct.

  • The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes.

  • The Company initially appoints The Depository Trust Company to act as Depositary with respect to each Global Note.

  • Certificates for Underlying Shares subject to legend removal hereunder shall be transmitted by the Transfer Agent to the Purchaser by crediting the account of the Purchaser’s prime broker with the Depository Trust Company System as directed by such Purchaser.

Related to Depository Trust

  • Depository Agent is defined in Section 2.6(a) of the Agreement.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by the Registrar the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • DTC Custodian means the Indenture Trustee as a custodian for DTC.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.