Indirect DTC Participant definition
Examples of Indirect DTC Participant in a sentence
The DTC Participant should in turn make the request of DTC (or, in the case of an Indirect DTC Participant, such Indirect DTC Participant must notify the related DTC Participant of such request, which DTC Participant should make the request of DTC) on a form required by DTC and provided to the DTC Participant.
Any Holder of a Special Retail Certificate that has requested a principal distribution may withdraw its request by so notifying in writing the DTC Participant or Indirect DTC Participant that maintains such Holder's account.
In the event that such account is maintained by an Indirect DTC Participant, such Indirect DTC Participant must notify the related DTC Participant which in turn must forward the withdrawal of such request, on a form required by DTC, to DTC to be forwarded to the Trustee.
None of the Company, the Master Servicer or the Trustee shall be liable for any delay in delivery of requests for distributions or withdrawals of such requests by DTC, a DTC Participant or any Indirect DTC Participant.
Any Beneficial Holder of a Retail Lottery Certificate that has requested a principal distribution may withdraw its request by so notifying in writing the DTC Participant or Indirect DTC Participant that maintains such Beneficial Holder's account.
None of the Company, the Servicer, the Paying Agent or the Trustee shall be liable for any delay in delivery of requests for distributions or withdrawals of such requests by the Depository, a DTC Participant or any Indirect DTC Participant.
The DTC Participant shall in turn make the request of the Depository (or, in the case of an Indirect DTC Participant, such Indirect DTC Participant shall notify the related DTC Participant of such request, which DTC Participant shall make the request of the Depository) on a form required by the Depository and provided to the DTC Participant.
Owners of beneficial interests in Shares (“Beneficial Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect DTC Participants and Beneficial Owners holding through a DTC Participant or an Indirect DTC Participant, through those records or the records of the relevant DTC Participant.
Accordingly, to exercise any rights of a holder of Shares under this Trust Agreement, a Beneficial Owner must rely on the procedures of the Depository and, if such Beneficial Owner is not a DTC Participant, on the procedures of each DTC Participant or Indirect DTC Participant through which such Beneficial Owner holds its interests.
In the event that such account is maintained by an Indirect DTC Participant, such Indirect DTC Participant must notify the related DTC Participant which in turn must forward the withdrawal of such request, on a form required by DTC, to DTC to be forwarded or furnished to the Trustee.