DTC System definition

DTC System means the book-entry system of DTC.
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DTC System. The book-entry system of DTC. Early Redemption Date: The Payment Date on which the Original Notes are redeemed by Freddie Mac pursuant to its Early Redemption Option.
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DTC System. The book-entry system of DTC.
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Examples of DTC System in a sentence

  • A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount.

  • All Assets that may be maintained on the Fed System or DTC System shall be so maintained.

  • Unless otherwise provided in the applicable Terms Supplement, payments of principal and interest due on Classes maintained on the DTC System shall be paid to DTC in immediately available funds.

  • The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time.

  • DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System.

  • A Class maintained on the DTC System will be represented by one or more Certificates held by or on behalf of DTC and beneficial owners of such Classes will not receive Certificates.

  • In the case of a Class issued on the Fed System or DTC System, the Administrator may, upon request of the Holders of the entire outstanding principal amount (or notional principal amount) of such Class, convert such Class to certificated form.

  • DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System.

  • Certificates maintained on the DTC System shall at all times remain on deposit with DTC in accordance with its rules and procedures, as amended from time to time.

  • The Company and the Trustees are authorized to execute and deliver such letters to or agreements with DTC as shall be necessary to effectuate the DTC System, including the Letter of Representations from the Company and the Trustees to DTC relating to the bonds of Series 107 (the “Representation Letter”).


More Definitions of DTC System

DTC System means the electronic system operated by DTC by which title to securities or interests in securities may be evidenced and transferred in dematerialised form;
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DTC System has the meaning given to that term in Section 2.04(a) of this Indenture. “Event of Default” means any of the events described in Section 8.01.
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DTC System. The book-entry system maintained by DTC. Fed Participant: Any entity eligible to maintain book-entry accounts on the Fed System.
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DTC System. The book-entry system of DTC Eligible Investments: Any one or more of the following obligations, securities or holdings maturing on or before the Payment Date applicable to the funds so invested:
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Related to DTC System

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

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • SDX System means the system used by NERC to exchange system data.

  • Austraclear System means the system operated by Austraclear for holding securities and the electronic recording and settling of transactions in those securities between members of that system.

  • relevant system means a relevant system for the holding and transfer of shares in uncertificated form;

  • Direct Registration System means the system for the uncertificated registration of ownership of securities established by The Depository Trust Company ("DTC") and utilized by the Depositary pursuant to which the Depositary may record the ownership of ADRs without the issuance of a certificate, which ownership shall be evidenced by periodic statements issued by the Depositary to the Holders entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC which provides for automated transfer of ownership between DTC and the Depositary.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Record system means any group of records under the control of the division from which a record may be retrieved by a personal identifier such as the name of an individual, number, symbol, or other unique retriever assigned to an individual.

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Electric System means all electrical wires, equipment, and other facilities owned or provided by the utility that are used to transmit electricity to customers.

  • Sewer System means pipelines or conduits, pumping stations, force mains, vehicles, vessels, conveyances, injection wells, and all other constructions, devices, and appliances appurtenant thereto used for conducting sewage or industrial waste or other wastes to a point of ultimate disposal or disposal to any water of the state. To the extent that they are not subject to section 402 of the federal Water Pollution Control Act, ditches, pipes, and drains that serve only to collect, channel, direct, and convey nonpoint runoff from precipitation are not considered as sewer systems for the purposes of this part of this division.

  • telecommunication system means any system (including the apparatus comprised in it) which exists (whether wholly or partly in Jersey or elsewhere) for the purpose of facilitating the transmission of communications by any means involving the use of electrical or electro- magnetic energy;

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • Securities System means the Federal Reserve Book-Entry System, a clearing agency which acts as a Securities Depository, or another book entry system for the central handling of securities (including an Eligible Securities Depository).

  • Bulk Electric System shall have the meaning provided for in the NERC Glossary of Terms used in Reliability Standards, as it may be amended, supplemented, or restated from time to time.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.