Examples of DP in a sentence
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.