Form of Holding Clause Samples
The 'Form of Holding' clause defines the manner in which securities or assets are to be held by the parties involved, such as whether they are held in physical certificate form, electronically, or through a nominee. In practice, this clause specifies the acceptable methods of holding, for example, requiring that shares be maintained in dematerialized form within a central depository or registered in the name of a custodian. Its core function is to ensure clarity and consistency in asset management, reducing administrative confusion and mitigating risks associated with improper or unauthorized forms of holding.
Form of Holding. To hold any security, debt instrument or property in a form not indicating any trust, whether in bearer, unregistered or other negotiable form, or in the name of the Trustees or of the Trust or in the name of a custodian, subcustodian or other depository or a nominee or nominees or otherwise;
Form of Holding. To hold any Security or other property, whether in bearer, unregistered or other negotiable form, or in the name of the Trustees or of the Trust or of the Fund to which such Securities or other property have been assigned, or in the name of a Custodian or other nominee or nominees, or otherwise, upon such terms, in such manner or with such powers as the Trustees may determine and with or without indicating any trust or the interest of the Trustees therein;
Form of Holding. To hold any assets of the Trust in the name of the Trust, Trustees, Sub-Trust, nominee or otherwise;
Form of Holding. Subject to the provisions of Section 2.7, to hold any security, debt instrument or property in a form not indicating any trust, whether in bearer, unregistered or other negotiable form, or in the name of the Trustees or of the Trust or in the name of a custodian, subcustodian or other depository or a nominee or nominees or otherwise;
Form of Holding. The Trustee may hold any Pledged Securities in bearer form or in the name of the Trustee or any nominee or nominees of the Trustee or (unless an Event of Default exists or the Holders of a majority in principal amount of the Obligations then Outstanding otherwise direct) in the name of the Company or any nominee or nominees of the Company, endorsed or assigned in blank or in favor of the Trustee. The Trustee may deliver any of the Pledged Securities to the Company for a period of not more than twenty-one (21) days or to the issuer thereof for the purpose of making exchanges or registrations of transfers or for such other purposes in furtherance of this trust as the Trustee may deem advisable.