Examples of NCSD Rules in a sentence
For the purposes of these Conditions, "NCSD Rules" means any Finnish or, as applicable, Swedish legislation, regulations, rules and operating procedures applicable to and/or issued by the relevant NCSD (including but not limited to, the Finnish Act on Book-Entry Securities System (Fi.: laki arvo-osuujärjestelmästä 17.5.1991/826) and the Swedish Financial Instruments Accounts Act (Sw.: lag (1998:1479) om kontoföring av finansiella instrument)).
Payments of principal, interest and/or any other amount payable under these Conditions in respect of Nordic Notes shall be made to the Noteholders recorded as such on the fifth business day (as defined by the then applicable NCSD Rules) before the due date for such payment, or such other business day falling closer to the due date as may then be stipulated in said Rules.
The Issuer shall be entitled to obtain information from the NCSD Register in accordance with the NCSD Rules.
In relation to each Series of Nordic Notes, if at any time, Nordic Notes cease for any reason to be a security capable of being held in the relevant NCSD, then the Issuer shall, in accordance with the applicable NCSD Rules, ensure that Registered Note Certificates are issued in exchange for such Series of Nordic Notes and that such Registered Note Certificates are registered in such names as the applicable NCSD shall notify to the Issuer.
The similar but narrower term ‘government’ refers to the institutions of the state –legislature, Cabinet, public service, judiciary.
All transactions in relation to Nordic Notes (including transfers of Nordic Notes) in the open market or otherwise must be effected in accordance with the applicable NCSD Rules.
In relation to each Series of Nordic Notes, if at any time Nordic Notes cease for any reason to be securities capable of being held in the relevant NCSD, then the Issuer shall, in accordance with the applicable NCSD Rules, ensure that Definitive Registered Notes are issued in exchange for such Series of Nordic Notes and that such Definitive Registered Notes are registered in such names as the applicable NCSD shall notify to the Issuer.
Transfers of Nordic Notes are effected upon entry in the NCSD Register of an account transfer from a Noteholder's book-entry securities account to another book-entry securities account (except where the Nordic Notes are nominee-registered and are transferred from one book-entry securities account to another book-entry securities account with the same nominee) in accordance with the NCSD Rules.
The Issuer, the Nordic Paying Agent and the Trustee shall be entitled to obtain information from the NCSD Registers to the fullest extent permissible, subject to any mandatory provisions in the relevant NCSD Rules.
In the event of the Superintendent’s termination, any unused portion of vacation existing on the last day of the Superintendent’s employment shall be compensated in full.