Securities Depository Participant definition
Examples of Securities Depository Participant in a sentence
All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Securities Depository Participant or brokerage firm representing each such Certificate Owner.
Each Securities Depository Participant shall only transfer the Ownership Interests in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Securities Depository's normal procedures.
Each Securities Depository Participant shall only transfer the Ownership Interests in the BookEntry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Securities Depository's normal procedures.
The Client hereby authorises NS to hold, on its behalf, securities at NS's designated Central Securities Depository Participant (“CSDP”), which shall, for the avoidance of doubt, include any securities which the Client may, from time to time, deliver to NS for such purpose, as well as, any securities which NS purchases or receives from a third party, whilst acting for and on behalf of the Client.
Each Securities Depository Participant shall only transfer the Ownership Interests in the Book-Entry 126 Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Securities Depository's normal procedures.
The District and the Trustee may rely conclusively upon (i) a certificate of the Securities Depository as to the identity of the Securities Depository Participants in the Book-Entry System with respect to the Series 2013A Bonds and (ii) a certificate of any such Securities Depository Participant as to the identity of, and the respective principal amount of the Series 2013A Bonds beneficially owned by, the Beneficial Owners.
Each Securities Depository Participant shall only transfer the Ownership Interests in the Book- Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Securities Depository's normal procedures.
With respect to Bonds registered in the Bond Register kept by the Trustee in the name of a nominee of a Securities Depository or in the name of the Securities Depository, IBank and the Trustee shall have no responsibility or obligation to any Securities Depository Participant or to any Beneficial Owner.
The District and the Trustee may rely conclusively upon (i) a certificate of the Securities Depository as to the identity of the Securities Depository Participants in the Book-Entry System with respect to the Series 2015A Bonds and (ii) a certificate of any such Securities Depository Participant as to the identity of, and the respective principal amount of the Series 2015A Bonds beneficially owned by, the Beneficial Owners.