Proof of Title to the Debentures. The Issuer will not issue Debenture certificates. To all legal intents and purposes, title to the Debentures will be proven by the statement issued by the Depository Institution. Furthermore, for securities deposited with the SND, this body will provide an "Asset Position Report", accompanying the statement, issued in the name of the Debenture holder by the financial institution responsible for the custody of these securities. And for the Debentures deposited with the CBLC, a statement of custody will be issued in the name of the Debenture holder by the CBLC itself.
Appears in 2 contracts
Sources: Indenture (Tele Norte Leste Participacoes Sa), Indenture (Telemar Participacoes S.A.)