Examples of Domiciliary Agent in a sentence
In the case of Dematerialised Notes issued by Anheuser-Xxxxx InBev, the operator of the X/N Clearing System will credit the securities account of the Domiciliary Agent with the aggregate nominal amount of Notes.
In the case of Dematerialised Notes issued by Anheuser-Xxxxx InBev, subject to applicable Belgian law, the Domiciliary Agent shall be the only person entitled to receive payments in respect of Notes and Anheuser-Xxxxx InBev will be discharged by payment to, or to the order of, the Domiciliary Agent in respect of each amount so paid.
Such Domiciliary Agent will credit each subscriber which is a participant in the X/N Clearing System and each other subscriber which has a securities account with such Domiciliary Agent, with a nominal amount of Notes equal to a nominal amount of Notes to which such participant or such securities account holders have subscribed and paid for (both acting on their own behalf or as agent for other subscribers).
In each case, the obligations of the relevant Issuer will be discharged by payment to, or to the order of, the Domiciliary Agent or the Common Depositary, as applicable, in respect of each amount so paid.
Neither the Domiciliary Agent nor the Common Depositary is required to segregate amounts received by it in respect of any Notes.