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

  • Table of Contents obtained by multiplying (A) the number of shares of Company Common Stock (other than Owned Company Shares and Dissenting Company Shares) held of record by DTC or such nominee immediately prior to the Effective Time by (B) the Per Share Price (such amount, the “DTC Payment”); and (ii) if the Closing occurs after 11:30 a.m., Eastern time, on the Closing Date, then the Payment Agent will transmit the DTC Payment to DTC or its nominees on the first Business Day after the Closing Date.

  • Instead, the Independent Contractor may represent only that the Parties have an independent contractor relationship under which the independent Contractor may from time to time be offered by and may accept from the Company an opportunity to provide the Independent Contractor's customary services.

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

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More Definitions of DTC Payment

DTC Payment shall have the meaning set forth in Section 3.3(b).
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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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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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Related to DTC Payment

  • DTC Participant means brokers and dealers, banks, trust companies, clearing corporations and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants.

  • 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;

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • 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;

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • DTC Letter means the letter of representations for the Notes, dated November 25, 2014 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 Class 1-B Certificates, the corresponding percentage described below, as of the Closing Date: Class 1-B-1 1.36% Class 1-B-2 0.80% Class 1-B-3 0.50% Class 1-B-4 0.30% Class 1-B-5 0.15% Class 1-B-6 0.00% Original Class 1-B Certificate Balance: $12,540,662.00. OTS: The Office of Thrift Supervision.

  • 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.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • 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 refers to the facility of transferring the outstanding balances from another credit card held by the Cardmember with another bank, financial institution or credit card issuer to the Card Account, subject to the Balance Transfer terms and conditions applicable at the time of application for Balance Transfer;

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • 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).

  • Original Class B-5 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-5 Fractional Interest is specified in Section 11.20.

  • 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.