Common use of PORTAL and DTC Clause in Contracts

PORTAL and DTC. The Company will assist the Representative in arranging for the 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 Notes to be eligible for clearance and settlement through DTC.

Appears in 1 contract

Sources: Purchase Agreement (Dana Corp)

PORTAL and DTC. The Company will assist the Representative Initial Purchaser in arranging for the 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. Financial Industry Regulatory Authority ("NASD"“FINRA”) relating to trading in the PORTAL Market and for the Notes to be eligible for clearance and settlement through DTC.

Appears in 1 contract

Sources: Purchase Agreement (American Media Operations Inc)