Syndicated New Issues Distribution definition

Syndicated New Issues Distribution means the distribution in the CBL system of securities newly issued in global note form, for which the Customer acts as Settlement Agent according to the terms of the present Agreement.
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Syndicated New Issues Distribution means the distribution in the CBL system of securities newly issued in global note form, for which the Customer acts as Lead Manager according to the Terms of the present Agreement.
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Syndicated New Issues Distribution means the distribution in the Euroclear System (or in the Euroclear System and the securities settlement system operated by Clearstream) of securities newly issued in global note form.
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Examples of Syndicated New Issues Distribution in a sentence

  • In case there is not sufficient cash or available credit on the Settlement Agent Syndication Cash Account or, as the case may be, on the Settlement Agent Trading Cash Account, the newly issued securities will remain in the Syndicated New Issues Distribution Securities Account until there is sufficient cash or credit on the Settlement Agent Syndication Cash Account or, as the case may be, on the Settlement Agent Trading Cash Account [or the Final Settlement Date].

  • The Settlement Agent, as the stipulating party, hereby unconditionally and irrevocably waives any right that it may have to revoke the third-party beneficiary clause referred to above in this clause 6 (b) of the present Syndicated New Issues Distribution Terms and Conditions.

  • The Lead Manager, as the stipulating party, hereby unconditionally and irrevocably waives any right that it may have to revoke the third-party beneficiary clause referred to above in this clause 6 (b) of the present Syndicated New Issues Distribution Terms and Conditions.

  • For the avoidance of doubt, the Parties confirm that the occurrence of such an Insolvency Event will not affect any Syndicated New Issues Distribution Accounts Instruction entered into the CBL system by the Lead Manager in the name and on behalf of CBL before the occurrence of such Insolvency Event, which will thus remain irrevocable.

  • In case there is not sufficient cash or available credit on the Lead Manager Syndication Cash Account or, as the case may be, on the Lead Manager Trading Cash Account, the newly issued securities will remain in the Syndicated New Issues Distribution Securities Account until there is sufficient cash or credit on the Lead Manager Syndication Cash Account or, as the case may be, on the Lead Manager Trading Cash Account [or the Final Settlement Date].

  • The Lead Manager may only give such Syndicated New Issues Distribution Accounts Instructions in relation to the Syndicated New Issues Distribution Accounts in accordance with the rules and principles set out in the present Agreement.

  • The Parties wish to conclude the present Agreement in order for the Customer, acting as Lead Manager, to appoint CBL to act as commission agent (commissionaire) on the Lead Manager’s behalf in relation to the Syndicated New Issues Distribution and to instruct CBL, in its capacity as commission agent (commissionaire), to open, in CBL’s books, Syndicated New Issues Distribution Accounts in CBL’s name, which shall be subject to and operated in accordance with the terms and conditions of the present Agreement.

  • The Settlement Agent may only give such Syndicated New Issues Distribution Accounts Instructions in relation to the Syndicated New Issues Distribution Accounts in accordance with the rules and principles set out in the present Agreement.

  • For the avoidance of doubt, the Parties confirm that the occurrence of such an Insolvency Event will not affect any Syndicated New Issues Distribution Accounts Instruction entered into the CBL system by the Settlement Agent in the name and on behalf of CBL before the occurrence of such Insolvency Event, which will thus remain irrevocable.

  • CBL, acting as depositary, shall further subsequently transfer the newly issued securities from the Lead Manager Syndication Securities Account to the Allottee(s), which the Lead Manager hereby undertakes to identify to CBL, acting as depositary, prior to the newly issued securities being credited to the Syndicated New Issues Distribution Securities Account.


More Definitions of Syndicated New Issues Distribution

Syndicated New Issues Distribution means the distribution in the CBL system of
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Related to Syndicated New Issues Distribution

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Syndicated Loan means a Loan made by a Lender pursuant to Section 2.01(a); provided that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Syndicated Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Broadly Syndicated Loan means a Collateral Loan that (a) is a syndicated commercial loan, (b) has an Initial Tranche Size of $250,000,000 or greater (without consideration of reductions thereon from scheduled amortization payments), and (c) is rated (or will be rated) by S&P or Moody’s (or the related Obligor for such Collateral Loan is rated by S&P or Moody’s).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Dollar Denominated Loan means any Loan incurred in Dollars.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Collateral Fund Permitted Investments Either (i) obligations of, or obligations fully guaranteed as to principal and interest by, the United States, or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States, (ii) a money market fund rated in the highest rating category by a nationally recognized rating agency selected by the Company, (iii) cash, (iv) mortgage pass-through certificates issued or guaranteed by Government National Mortgage Association, FNMA or FHLMC, (v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date), the issuer of which may be an affiliate of the Company, having at the time of such investment a rating of at least A-1 by Standard and Poor's ("S&P") or at least F-1 by Fitch IBCA, Inc. ("Fitch") or (vi) demand and time deposits in, certificates of deposit of, any depository institution or trust company (which may be an affiliate of the Company) incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, so long as at the time of such investment either (x) the long-term debt obligations of such depository institution or trust company have a rating of at least AA by Fitch or S&P, (y) the certificate of deposit or other unsecured short-term debt obligations of such depository institution or trust company have a rating of at least F-1 by Fitch or A-1 by S&P or (z) the depository institution or trust company is one that is acceptable to either Fitch or S&P and, for each of the preceding clauses (i), (iv), (v) and (vi), the maturity thereof shall be not later than the earlier to occur of (A) 30 days from the date of the related investment and (B) the next succeeding Distribution Date as defined in the related Pooling and Servicing Agreement.

  • Euro-Dollar Reference Banks means the principal London offices of Xxxxxx Guaranty Trust Company of New York, Bank of America, N.A., The Bank of New York, The Bank of Nova Scotia and Citicorp USA, Inc.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.