Common use of PORTAL and DTC Clause in Contracts

PORTAL and DTC. Primus shall use its best efforts to arrange, on or before the Closing Date, for the New Notes to be designated Private Offerings, Resales and Trading through Automated Linkages (“PORTAL”) Market securities in accordance with the rules and regulations adopted by the National Association of Securities Dealers, Inc. (“NASD”) relating to trading in the PORTAL Market and for the New Notes to be eligible for clearance and settlement through the Depositary Trust Company.

Appears in 2 contracts

Sources: Senior Notes Exchange Agreement (Primus Telecommunications Group Inc), Senior Notes Purchase Agreement (Primus Telecommunications Group Inc)