Examples of DTC Certificates in a sentence
Each distribution of principal and interest on any Class of DTC Certificates shall be distributed by the Paying Agent to the Depository in immediately available funds.
The final distribution in respect of any Class of DTC Certificates shall only be made upon presentation and surrender thereof at the office of the Paying Agent specified to the Depository.
No person acquiring a beneficial ownership interest in any Class of DTC Certificates shall be entitled to receive a physical certificate representing such ownership interest.
The Regular Certificates, other than the DTC Certificates, shall be issued in book-entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank.
The interests of beneficial owners of the DTC Certificates will be represented by book entries on the records of DTC and participating members thereof.
The execution and authentication of the certificates evidencing the Classes of DTC Certificates shall be governed by the provisions of Section 5.01 hereof to the same extent as the Residual Certificates specifically covered thereby.
The certificates evidencing the DTC Certificates shall be made available to the Representative for inspection not later than 10:00 A.M., New York City time, on the business day immediately preceding the Closing Date.
For each Regular Certificate, other than the DTC Certificates, the appropriate Reserve Bank shall be considered to be acting as the agent of Xxxxxx Mae in providing to and conferring upon the owners of the Regular Certificates, as such owners shall appear on the records of such Reserve Bank, the substantive rights and benefits which are provided for herein for Holders of such Certificates.
Each class of Notes will be initially represented by one or more certificates in definitive form registered in the name of Cede & Co., the nominee of The Depository Trust Company ("DTC") (the "DTC Certificates").
Participants A2 and C1 commented on the difficulties related to this practice and in particular in the industry context.