Book-Based System definition

Book-Based System means a system for the central handling of securities or equivalent book-based entries under which all securities of a class or series deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery;

Book-Based System means the book-based securities system administered by CDS in accordance with its operating rules and procedures in force from time to time;

Book-Based System means, in relation to the Global Securities of a Series, the debt clearing, record entry, transfer and pledge systems and services established and operated by or on behalf of the related Depositary for such Series (including where applicable pursuant to one or more agreements between such Depositary and its participants establishing the rules and procedures for such systems and services).

Examples of Book-Based System in a sentence

• It is acknowledged and agreed by each of the Limited Partners that there may be time delays in the recording of information by CDS in the Book-Based System and the recording of information in the Register.

• The General Partner shall enter into an agreement with CDS pursuant to which, among other things, CDS will agree to record the owners of the Units and any sale or transfer of Units in accordance with the Book-Based System.

• In such event, registrations of interests in the Units will be made only through the Book-Based System.

• Book-Based System Warrants Registration of interests in and transfers of Warrants, other than those issued to a U.S. Person, a person in the United States or a person for the account or benefit of a U.S. Person or a person in the United States, shall be made through the book-based system operated by CDS.

• If CDS notifies the Fund that it is unwilling or unable to continue as depository in connection with the global certificate, or if at any time CDS ceases to be a clearing agency or otherwise ceases to be eligible to be a depository, and the Fund is unable to locate a qualified successor, or if the Fund elects to terminate the Book-Based System, the General Partner shall make appropriate arrangements to replace either CDS or to replace the Book-Based System in an orderly fashion.

More Definitions of Book-Based System

Book-Based System means the electronic system for clearing, depository and entitlement services operated by CDS;

Book-Based System means, in relation to a Global Debenture, the debt clearing, record entry, transfer and pledge systems and services established and operated by or on behalf of the Depository for the Debentures (including, where applicable, pursuant to one or more agreements between such Depository and its Participants establishing the rules and procedures for such systems and services) or any successor systems or services thereof;

Book-Based System means the record entry securities transfer and pledge system administered by the System Operator in accordance with the operating rules and procedures of the System Operator in force from time to time and any successor system thereof;

Book-Based System means the record entry securities transfer and pledge system known, as of the date hereof, by such name, which is administered by CDS in accordance with the operating rules and procedures of the Securities Settlement Service of CDS enforced from time to time, or any successor system which CDS may offer from time to time.

Book-Based System means the book-based securities registration and transfer system administered by the Depository in accordance with its operating rules and procedures in force from time to time;

Book-Based System means the book-entry registration system maintained by the Depository;

Book-Based System means the book-based securities system administered by a Depository in accordance with its operating rules and procedures in force from time to time;