Examples of DTC Blanket Letter of Representations in a sentence
Upon the authentication of the Bonds, the Paying Agent shall deliver the same to DTC in accordance with the provisions of the DTC Blanket Letter of Representations.
Securities issued in book-entry form will be issued in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC” or the “Depositary”) pursuant to a DTC Blanket Letter of Representations, to be dated as of or prior to the Closing Date (as defined in Section 2) (the “DTC Agreement”), from the Company to the Depositary.
Notes issued in book-entry form will be issued in the name of Cede & Co., as nominee of The Depository Trust Company (the “Depositary”) pursuant to the DTC Blanket Letter of Representations, to be dated as of the Closing Date (the “DTC Letter”), from the Company to the Depositary.
The DTC Blanket Letter of Representations shall be in substantially the form approved at this meeting and attached hereto as Exhibit “E,” subject to such changes, insertions and omissions and filling in of blanks therein as hereafter may be approved and made by the Town Manager upon the advice of the Town Attorney and Bond Counsel.
The City authorizes and approves the execution of the DTC Blanket Letter of Representations, the Continuing Disclosure Undertaking, the Paying Agent Agreement, the Commitments, the Financial Guaranty Agreement and the Bond Purchase Agreement, which shall be in substantially the forms presented to the City Council at this meeting and shall be completed in accordance with the terms of this Ordinance (which, once executed, shall constitute conclusive evidence of approval of the City Council).
The previous execution and delivery of the DTC "Blanket Letter of Representations" with respect to obligations of the System is hereby ratified and confirmed; and the provisions thereof shall be fully applicable to the Bonds.
The DTC Blanket Letter of Representations previously entered into with DTC shall govern the book-entry registration system for the Bonds.
The execution and delivery of the DTC Blanket Letter of Representations by the Mayor or the Town Manager shall be conclusive evidence of the Town Council’s approval of any such charges, insertions or filling in of blanks.