Examples of French Securities in a sentence
Xxxxxx acknowledges and accepts that when lending Securities issued by French issuers (“French Securities”), any additional tax credits (including, but not limited to, Credit d’Impot) that may be due to the holder of such French Securities had they not been on Loan over record date, will not form part of the manufactured Income (as defined in the applicable MSLA) that is collected from a Borrower on behalf of the Lender.
Securities may only be held directly through the relevant Clearing Agent or, in the case of Italian Securities, an authorised financial intermediary entitled to hold securities deposit accounts with Monte Titoli S.p.A. on behalf of their customers or, in the case of French Securities, any authorised financial intermediary institution entitled to hold securities accounts, directly or indirectly, with Euroclear France, which includes Euroclear and the depositary bank for Clearstream.
Title to French Securities in bearer dematerialised form (au porteur) and in administered registered form (au nominatif administré) will pass upon, and transfers of such Securities may only be effected through, registration of the transfers in the accounts of the Accountholders.
Title to French Securities in fully registered form (au nominatif pur) shall pass upon, and transfer of such Securities may only be effected through, registration of the transfers in the accounts of the Issuer or of the Registration Agent.
Unless your Securities are French Securities, Belgian Securities or are listed on Borsa Italiana S.p.A., the Issuer may substitute itself as the principal obligor under the Securities for any other company which has an equivalent or better rating of long-term unsecured, unsubordinated and unguaranteed debt obligations from an internationally recognised rating agency.
If the Issuer or, in the case of French Securities and French Cleared Securities, the Issue and Paying Agent determines that you have not satisfied each of the conditions to settlement in full, payment of the amount payable or delivery of the property deliverable to you will not take place until all such conditions to settlement have been satisfied in full.
In the case of French Securities (other than French Notes), the terms of the French Securities can only be amended if there is a meeting of the Holders in accordance with French law.
If payment of any amount, according to the rules of the relevant Clearing Agent, cannot be made in the Settlement Currency, such payment shall be made in the currency principally used by the relevant Clearing Agent for payments to accounts (or in the case of Portuguese Securities, for payments to Affiliate Members of Interbolsa or, in the case of French Securities, for payments to the relevant Account Holders).
French Securities are governed by French law, issued in dematerialised book- entry form and constitute (i) obligations within the meaning of Article L.213–5 of the French Code monétaire et financier ("French Notes") or (ii) other titres de créance (excluding titres de créances négociables) within the meaning of Article L.213–0-1 of the French Code monétaire et financier.
French Securities shall not be issued in or exchangeable into Securities in definitive form.