Compliance with Depositary Procedures Sample Clauses
The "Compliance with Depositary Procedures" clause requires parties to adhere to the specific rules and operational guidelines established by the depositary institution involved in a transaction. In practice, this means that any actions related to the deposit, transfer, or withdrawal of assets must follow the depositary's documented processes, such as providing required documentation or meeting timing requirements. This clause ensures that all parties act in accordance with the depositary's standards, reducing the risk of errors, delays, or disputes related to the handling of assets.
Compliance with Depositary Procedures. Each transfer or exchange of a beneficial interest in any Global Note will be made in accordance with the Depositary Procedures.
Compliance with Depositary Procedures. (1) Each transfer or exchange of a beneficial interest in any Global Note will be made in accordance with the Depositary Procedures.
(2) Neither the Trustee nor any Note Agent will have any responsibility for any action taken or not taken by the Depositary.
(3) The Trustee will have no responsibility or obligation to any beneficial owner of a Global Note or a Depositary Participant or other Person with respect to the accuracy of the records of the Depositary or its nominee or of