DTC Payment definition

DTC Payment has the meaning set forth in Section 2.02(a).
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DTC Payment is defined in Section 2.6(b).
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DTC Payment shall have the meaning given to that term in Clause 8.1(d)(ii); “Effective Date”, the date on which the Scheme becomes effective in accordance with its terms; “Effective Time”, the time on the Effective Date at which the Court Order is delivered to and a copy of the minute required by Section 86 of the Act are registered by the Registrar of Companies;
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Examples of DTC Payment in a sentence

  • Corporate and Municipal Securities (DTC) Payment will be in immediately available funds one business day after the payable date.

  • Mortgage Backed Securities (PTC and DTC) Payment will be in immediately available funds one business day after the payable date.


More Definitions of DTC Payment

DTC Payment shall have the meaning set forth in Section 3.2(c)(iii).
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DTC Payment means an amount in cash in immediately available funds equal to the product of (i) number of Common Shares held of record by DTC or such nominee immediately prior to the Effective Time and (ii) the Per Share Merger Consideration.
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DTC Payment has the meaning set forth in Section 2.3(a) of this Agreement.
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DTC Payment has the meaning set forth in Section 4.2(c).
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Related to DTC Payment

  • DTC Participant means any financial institution (or any nominee of such institution) having one or more participant accounts with DTC for receiving, holding and delivering the securities and cash held in DTC. A DTC Participant may or may not be a Beneficial Owner. If a DTC Participant is not the Beneficial Owner of the ADSs credited to its account at DTC, or of the ADSs in respect of which the DTC Participant is otherwise acting, such DTC Participant shall be deemed, for all purposes hereunder, to have all requisite authority to act on behalf of the Beneficial Owner(s) of the ADSs credited to its account at DTC or in respect of which the DTC Participant is so acting.

  • DTC Participants means participants within DTC.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • DTC Notes means Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • DTC System means the book-entry system of DTC.

  • Direct Payment means a payment granted directly to farmers under a support scheme listed in Annex I;

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Final Redemption Value means the Underlying Reference Value.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • DTC Letter means the letter of representations for the Notes, dated July 26, 2011 between the Issuer and The Depository Trust Company.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • DTC/FAST Program means the DTC’s Fast Automated Securities Transfer Program.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Balance Transfer means a transfer of the debit balance on any credit card held with any credit card issuer or any account with other banks (other than the Bank) to a Card Account;

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • DTC means The Depository Trust Company.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Fractional Interest As defined in Section 5.02(d).

  • Financial Interest means either:

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • GST Amount means in relation to a Taxable Supply the amount of GST payable in respect of the Taxable Supply.