Form and Transfer of Receipts. [[All] [A portion] of the Receipts shall initially be represented by one or more global receipts (collectively, the “DTC Receipt”) deposited with The Depository Trust Company (“DTC”) and registered in the name of [Cede & Co.], a nominee of DTC. The Depositary, or such other entity as is agreed to by DTC, may hold the DTC Receipt as custodian for DTC. So long as the Receipts are eligible for book-entry settlement with DTC, except as provided for in Section 2.9 hereof, no person acquiring Depositary Shares traded on any securities exchange with book-entry settlement through DTC shall receive or be entitled to receive physical delivery of the Receipts evidencing such Depositary Shares. Ownership of beneficial interests in the DTC Receipt shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i) DTC or its nominee for such DTC Receipt, or (ii) institutions that have accounts with DTC.]
Appears in 1 contract
Sources: Deposit Agreement (S&t Bancorp Inc)
Form and Transfer of Receipts. [[All] [A portion] of the Receipts shall initially be represented by one or more global receipts (collectively, the “"DTC Receipt”") deposited with The Depository Trust Company (“"DTC”") and registered in the name of [Cede & Co.], a nominee of DTC. The Depositary, or such other entity as is agreed to by DTC, may hold the DTC Receipt as custodian for DTC. So long as the Receipts are eligible for book-entry settlement with DTC, except as provided for in Section 2.9 hereof, no person acquiring Depositary Shares traded on any securities exchange with book-entry settlement through DTC shall receive or be entitled to receive physical delivery of the Receipts evidencing such Depositary Shares. Ownership of beneficial interests in the DTC Receipt shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i) DTC or its nominee for such DTC Receipt, or (ii) institutions that have accounts with DTC.]
Appears in 1 contract
Sources: Deposit Agreement (S&t Bancorp Inc)