Global Preferred Security definition

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

Global Preferred Security means a Preferred Security, the ownership and transfer of which shall be made through book entries by a Clearing Agency as described herein.

Global Preferred Security has the meaning set forth in Section 7.3(a).

Examples of Global Preferred Security in a sentence

• Whenever a notice or other communication to the Preferred Security Holders is required under this Declaration, the Administrative Trustees shall, in the case of any Global Preferred Security, give all such notices and communications specified herein to be given to the Preferred Security Holders to the Depositary, and shall have no notice obligations to the Preferred Security Beneficial Owners.

• At any time prior to such cancelation, if any beneficial interest in a Global Preferred Security is exchanged for Definitive Preferred Securities, Preferred Securities represented by such Global Preferred Security shall be reduced and an adjustment shall be made on the books and records of the Clearing Agency and the Registrar, to reflect such reduction.

• Payment of amounts due in respect of the Permanent Global Preferred Security will be made through Clearstream, Luxembourg or Euroclear without any requirement for certification.

• Notwithstanding the foregoing, nothing herein shall prevent the Trust, the Property Trustee or any agent of the Trust or the Property Trustee from giving effect to any written certification, proxy or other authorization furnished by the Clearing Agency or impair, as between the Clearing Agency and its Participants, the operation of customary practices of such Clearing Agency governing the exercise of the rights of a holder of a beneficial interest in any Global Preferred Security.

• Any portion of a Global Preferred Security so transferred pursuant to this Section 7.10(b) shall be registered in such names as the Clearing Agency shall direct.

More Definitions of Global Preferred Security

Global Preferred Security has the meaning set forth in Section 7.3.

Global Preferred Security has the meaning set forth in the Declaration.

Global Preferred Security means a Trust Preferred Securities Certificate evidencing ownership of Book-Entry Trust Preferred Securities.

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities. “Guarantee Agreement” means the Guarantee Agreement executed and delivered by the Depositor and Deutsche Bank Trust Company Americas, as guarantee trustee, contemporaneously with the execution and delivery of this Trust Agreement for the benefit of the holders of the Preferred Securities, as amended from time to time. “Holder” means a Person in whose name a Trust Security or Trust Securities are registered in the Securities Register; any such Person shall be a beneficial owner within the meaning of the Delaware Statutory Trust Act. 5

Global Preferred Security means a Restricted Global Preferred Security or a Regulation S Global Preferred Security.

Global Preferred Security means the Restricted Global Preferred Securities, the Regulation S Global Preferred Securities, the Accredited Investor Global Preferred Securities and the Unrestricted Global Preferred Securities.

Global Preferred Security means a certificate representing all or a portion of the Preferred Securities issued hereunder, as the case may be, and delivered to the Depositary in accordance with Section 9.4 and bearing the legend set forth in Section 9.4.