Examples of DTC Proxy in a sentence
The Person delivering such Official DTC Proxy or sub-proxy shall be the Person entitled to represent the Holders at such meeting and who will vote on their behalf and may include the Trustee, the Custodian or an agent for either.
The CUSIP will show ‘‘unauthorized’’ until reviewed and approved by the DTC Proxy staff.
The Supplemental Indenture provides that the amendments contemplated thereby will not become operative until, among other conditions, a DTC Proxy and Consent is received in respect of the DTC Securities beneficially owned by the undersigned.
Further, the Issuer will only provide the consideration contemplated by Section 7 below following the receipt of such DTC Proxy and Consent.
DTC Proxy in relation to any shares held by the DTC Depositary, any person who is, for the purposes of any general meeting or resolution, appointed a proxy (whether by way of instrument of proxy, power of attorney, mandate or otherwise) by: a) the DTC Depositary; or b) a proxy, attorney or other agent appointed by any other person whose authority is ultimately derived (whether directly or indirectly) from the DTC Depositary.
DTC Proxy staff requires that the trustee provide to it one of the following: Trust agreement, Annual Report, 10K, 10Q, SEC filing, or any other document deemed necessary and appropriate to prove that the trustee is in fact the trustee for the CUSIP andrequired by this new mandatory field, DTC plans to implement the change to the UW Source System in the fourth quarter of 2011.
Currently, the SPR system sends an e-mail to the DTC Proxy mailbox notifying the Proxy staff that a trustee has added a CUSIP to its eligible issues list.
For purposes of attending and voting at a meeting of a Syndicate of Holders of Securities of any series, the Regulations of the Syndicate of Holders of Securities of such series will provide that, so long as the Securities of any series are held through the facilities of DTC, the Commissioner shall accept an Official DTC Proxy or sub-proxy as evidence of the vote of such Holders in connection with a Resolution of the Syndicate.
In connection with the execution and delivery of a supplemental indenture under Section 9.02 hereof, the Trustee shall be entitled to receive and conclusively rely upon a Resolution of the Syndicate and, in the cases set forth in Section 1.07 of this Indenture, an Official DTC Proxy.
The Supplemental Indenture provides that the amendments and waiver contemplated thereby will not become operative until, among other conditions, a DTC Proxy and Consent is received in respect of the DTC Securities beneficially owned by the undersigned.