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Substitute Depository definition

Substitute Depository means a securities depository appointed as successor to DTC hereunder.
Substitute Depository means the substitute depository as defined in Section 2.10.
Substitute Depository means the substitute depository as defined in Section 2.12.

Examples of Substitute Depository in a sentence

  • Except as provided in Section 2.13, all of the Outstanding Bonds shall be registered in the Bond Register kept by the Trustee in the name of the Nominee and the Bonds may be transferred, in whole but not in part, only to the Depository, to a Substitute Depository or to another nominee of the Depository or of a Substitute Depository.

  • Such Beneficial Owner’s proportional interest in the MBS will be (1) in book-entry form and (2) transferred in accordance with (a) the operational arrangements of DTC or any successor Substitute Depository and (b) current market practices, including the applicable provisions of SIFMA’s Uniform Practices for the Clearance and Settlement of Mortgage-Backed Securities and Other Related Securities.

  • Such Beneficial Owner’s proportional interest in the MBS will be (1) in book-entry form and (2) transferred in accordance with (a) the operational arrangements of DTC or any successor Substitute Depository and (b) current market practices, including the applicable provisions of SIFMA’s Uniform Practices for the Clearanceand Settlement of Mortgage-Backed Securities and Other Related Securities.

  • Neither the Department nor the Trustee shall have any responsibility or obligation, legal or otherwise, to any such beneficial owners or to any other party, including DTC or its successor (or Substitute Depository or its successor), except to the Owner of any Bonds, and the Trustee may rely conclusively on its records as to the identity of the Owners of the Bonds.

  • Except as provided in Section 2.12, all of the Outstanding Bonds shall be registered in the Register kept by the Trustee in the name of the Nominee and the Bonds may be transferred, in whole but not in part, only to the Depository, to a Substitute Depository or to another nominee of the Depository or of a Substitute Depository.


More Definitions of Substitute Depository

Substitute Depository means a securities depository appointed as successor to DTC under the Indenture.
Substitute Depository means a securities depository appointed as successor to DTC under the Indenture. “Supplemental Indenture” means any indenture duly authorized and entered into after the date of the
Substitute Depository means a securities depository appointed as successor to DTC under the Indenture. “Supplemental Indenture” means any indenture thereafter duly authorized and entered into between the Issuerand the related Trustee amending or supplementing each Indenture in accordance with the provisions thereof.
Substitute Depository means a securities depository appointed as successor to DTC under the Indenture. “Supplemental Act” means the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11,
Substitute Depository means a securities depository appointed as successor to DTC hereunder. “Supplemental Indenture” means any indenture hereafter duly authorized under and in compliancewith the Act and this Indenture, and entered into between the Issuer and the Trustee, which supplements, modifies or amends this Indenture.
Substitute Depository means a securities depository appointed as successor to DTC under the Corporation Resolution.
Substitute Depository means the substitute securities depository as defined in Section 2.10.