NCI System definition

NCI System has the meaning given to it in Section 15(2);

NCI System means the non-certificated inventory system of CDS;

NCI System means a non-certificated inventory system for Debentures maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time;

Examples of NCI System in a sentence

• At the Time of Closing on the Closing Date, subject to the terms and conditions contained in this Underwriting Agreement, Protech shall deliver the Offered Units and the Compensation Options to the Underwriters in the form of certificates representing the Common Shares and the Warrants or in the form of an electronic deposit pursuant to the non-certificated issue system (the "NCI System") maintained by CDS against payment of the aggregate Offer Price by wire transfer on the Closing Date payable to Protech.

• The Corporation, prior to the Closing Date or the Option Closing Date, as the case may be, shall make all necessary arrangements for the electronic deposit of the Securities to Cede & Co. or such other nominee as may be designated by the DTC and/or pursuant to the NCI System with CDS Clearing and Depository Services Inc., as the case may be.

• Notwithstanding anything to the contrary set out herein, all physical Debenture certificates issued to the Depositary may be surrendered to the Debenture Trustee for an electronic position on the register of Debentureholders to be maintained by the Debenture Trustee in accordance with Section 3.1. In such case, the Debentures will be represented electronically through the NCI System.

• Xxxxxxxx, Xxxxxxx Senior Vice President axx Xxxxxxx Xxxxxxx Chief Financial and Administrative Officer Telecopier No.: (212) 753-0731 If to Commodore Applied: Commodorx Xxxxxxx Xxxxnologies, Inc.

More Definitions of NCI System

NCI System means the non-certificated inventory system maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time.

NCI System has the meaning given to it in Section 16(b); "notice" has the meaning given to it in Section 33;

NCI System means the non-certificated inventory system administered by CDS; “Net Realized Capital Gains” has the meaning set out in Section 5.1;

NCI System means the non-certificated inventory system operated by CDS.

NCI System means a non-certificated inventory system for Units maintained by CDS, as may be changed, supplemented, replaced or otherwise modified from time to time;

NCI System means the non-certificated inventory system maintained by the Depository, as may be changed, supplemented, replaced or otherwise modified from time to time. (rr) “Net Income of the Trust” or “Net Loss of the Trust” for any Taxation Year means the net income or loss for such year determined pursuant to the provisions of the Tax Act having regard to the provisions thereof which relate to the calculation of taxable income of a trust, without reference to paragraph 82(1)(b) (dividend gross up) and subsection 104(6) (deduction for payments out of the Trust) of the Tax Act (including any income realized by the Trust on the redemption of Trust Units in specie and designated by the Trust as income payable to the redeeming Unitholders) and taking into account such other adjustments as may be determined in the discretion of the Trustees (provided that the Trustees exercise their discretion in this regard before the end of the Taxation Year); provided, however, that capital gains and capital losses shall be excluded from the computation of net income; and provided further that, if such calculation results in income there shall be deducted the amount of any non-capital losses (as defined in the Tax Act) of the Trust for any preceding Taxation Years; and Net Income of the Trust or Net Loss of the Trust for any period means the income or loss of the Trust for such period computed in accordance with the foregoing as if that period were the taxation year of the Trust.