Common use of Automatic Exchange from Restricted Global Note to Unrestricted Global Note Clause in Contracts

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall be automatically exchanged into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) days but not more than thirty (30) days prior to the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holders’ beneficial interests shall be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicable, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes, the Note Registrar shall endorse the schedule of increases and decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 2 contracts

Samples: Forest City Enterprises Inc, Forest City Enterprises Inc

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Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial Upon compliance with the following procedures, all of the beneficial interests in a Restricted Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall be automatically exchanged into for beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) days but not more than thirty (30) days prior to the Resale Restriction Termination Date, deliver a provide written notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or instructing the Trustee to (i) direct the Depositary to transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify all of the Notes or Common Stock , as applicable, subject outstanding beneficial interests in a particular Restricted Global Note to the Automatic Exchange Unrestricted Global Note and shall state: provide the Depositary with all such information as is necessary for the Depositary to appropriately credit and debit the relevant Holder accounts and (1ii) provide prior written notice to all Holders of such exchange, which notice must include the date of such exchange is to occur, the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” CUSIP number of the relevant Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersHolders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentenceexchanged. As a condition to any such exchange pursuant to this Section 2.122.6(j), the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes2.6(j), the Note Registrar shall endorse the schedule of increases and decreases in the Global Note Schedule A to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.122.6(j), the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 2 contracts

Samples: Covenants (Dole Food Co Inc), Dole Food Co Inc

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c2.06(f)(1)(A) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d2.06(f)(1)(A), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall ”) will be automatically exchanged into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c2.06(f)(1)(A) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d2.06(f)(1)(A), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), ”) without any action required by or on behalf of the holder Noteholder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to the Resale Restriction Termination Dateautomatic exchange date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister, with a copy to the Trustee or transfer agent for Common Stock, as applicableTrustee. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holdersNoteholders’ beneficial interests shall will be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersHolders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) 5 days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12Automatic Exchange, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notesinterests, the Note Registrar shall endorse the schedule Schedule of increases Increases and decreases Decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12transfer, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 2 contracts

Samples: Indenture (Apparel Holding Corp.), Indenture (Apparel Holding Corp.)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial Upon compliance with the following procedures, all of the beneficial interests in a Restricted Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall be automatically exchanged into for beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company Issuer shall at least fifteen (15) days but not more than thirty (30) days prior to the Resale Restriction Termination Date, deliver a provide written notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or instructing the Trustee to (i) direct the Depositary to transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify all of the Notes or Common Stock , as applicable, subject outstanding beneficial interests in a particular Restricted Global Note to the Automatic Exchange Unrestricted Global Note and shall state: provide the Depositary with all such information as is necessary for the Depositary to appropriately credit and debit the relevant Holder accounts and (1ii) provide prior written notice to all Holders of such exchange, which notice must include the date of such exchange is to occur, the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” CUSIP number of the relevant Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersHolders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentenceexchanged. As a condition to any such exchange pursuant to this Section 2.122.06(j), the Trustee or transfer agent, as applicable, shall be entitled to receive from the CompanyIssuer, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the CompanyIssuer, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes2.06(j), the Note Registrar shall endorse the schedule of increases and decreases in the Global Note Schedule A to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.122.06(k), the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 2 contracts

Samples: Indenture (Residential Capital, LLC), Residential Capital, LLC

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c2.06(d) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall ”) may be automatically exchanged exchanged, at the election of the Company, into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c2.06(d) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), ”) without any action required by or on behalf of the holder Noteholder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) days prior to the Resale Restriction Termination Dateautomatic exchange date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister, with a copy to the Trustee or transfer agent for Common Stock, as applicableTrustee. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holdersNoteholders’ beneficial interests shall will be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersNoteholders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) 5 days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Officer’s Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes, the Note Registrar shall endorse the schedule Schedule of increases Increases and decreases Decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 2 contracts

Samples: Alliance Data Systems Corp, Alliance Data Systems Corp

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c2.06(d) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall ”) may be automatically exchanged exchanged, at the election of the Company, into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c2.06(d) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), ”) without any action required by or on behalf of the holder Noteholder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) days prior to the Resale Restriction Termination Dateautomatic exchange date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister, with a copy to the Trustee or transfer agent for Common Stock, as applicableTrustee. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holdersNoteholders’ beneficial interests shall will be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersNoteholders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) 5 days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Officer’s Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes, the Note Registrar Xxxxxxxxx shall endorse the schedule Schedule of increases Increases and decreases Decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (MGM Mirage)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion exchange of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d2.07(c), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicableRestricted Legend) (the “Restricted Global Note” or “Restricted Common Stock,” ”, as applicable), shall be automatically exchanged into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c2.07(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicableRestricted Legend) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” ”, as applicable), without any action required by or on behalf of the holder Holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder Holder at such holderHolder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holdersHolders’ beneficial interests shall be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersHolders’ beneficial interests shall be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicable, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes, the Note Registrar shall endorse the schedule of increases and decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (TRW Automotive Holdings Corp)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial On the Resale Restriction Termination Date, beneficial interests in a Global Note or Common Stock issued upon conversion of Notes Security that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable bears the Private Placement Legend (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the a “Restricted Global Note” or “Restricted Common Stock,” as applicable), Security”) shall be automatically exchanged (the “Automatic Exchange”) into beneficial interests in a Global Security not bearing the Private Placement Legend (an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), Security”) without any action required by or on behalf of the holder (the “Automatic Exchange”)Holder thereof. In order to effect such exchange, the The Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to before the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an the “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy Holder and to the Trustee or transfer agent for Common StockTrustee, as applicable. The which Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, Securities subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” CUSIP number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred Security being exchanged; and (43) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into Security for which such holders’ beneficial interests shall be transferredRestricted Global Security is being exchanged. At the Company’s request on no less than five (5) days’ request, upon reasonable prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableHolder; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order form and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the content of such Automatic Exchange Notice (in the name and at the expense of shall be prepared by the Company) and setting forth the information to be stated in the . In connection with an Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.122.18, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liabilityupon, upon an Officers’ Certificate and an Opinion of Counsel to the Company, each in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance Automatic Exchange complies with the Securities Act. Upon such exchange of beneficial interests an Automatic Exchange pursuant to this Section 2.12, (i) 2.18 and in accordance with respect to the NotesDepositary procedures, the Note Registrar shall endorse the schedule of increases and decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer Automatic Exchange and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Security(ies) and the Unrestricted Global NoteSecurity(ies), respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect pursuant to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferredAutomatic Exchange. If an Unrestricted Global Note Security is not then outstanding at the time of the an Automatic Exchange, then the Company shall execute execute, and the Trustee shall authenticate and deliver deliver, an Unrestricted Global Note Security to the Depositary. Following any such transfer pursuant to this Section 2.12Automatic Exchange, the relevant each resulting Restricted Global Note or Restricted Common Stock, as applicable, Security whose principal amount is reduced to zero shall be cancelled.

Appears in 1 contract

Samples: Kv Pharmaceutical Co /De/

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial On the Resale Restriction Termination Date, beneficial interests in a Global Note or Common Stock issued upon conversion of Notes Security that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable bears the Private Placement Legend (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the a “Restricted Global Note” or “Restricted Common Stock,” as applicable), Security”) shall be automatically exchanged (the “Automatic Exchange”) into beneficial interests in a Global Security not bearing the Private Placement Legend (an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), Security”) without any action required by or on behalf of the holder (the “Automatic Exchange”)Holder thereof. In order to effect such exchange, the The Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to before the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an the “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy Holder and to the Trustee or transfer agent for Common StockTrustee, as applicable. The which Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, Securities subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” CUSIP number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred Security being exchanged; and (43) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into Security for which such holders’ beneficial interests shall be transferredRestricted Global Security is being exchanged. At the Company’s request on no less than five (5) days’ request, upon reasonable prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableHolder; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order form and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the content of such Automatic Exchange Notice (in the name and at the expense of shall be prepared by the Company) and setting forth the information to be stated in the . In connection with an Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.122.18, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liabilityupon, upon an Officers’ Certificate and an Opinion of Counsel to the Company, each in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance Automatic Exchange complies with the Securities Act. Upon such exchange of beneficial interests an Automatic Exchange pursuant to this Section 2.12, (i) 2.18 and in accordance with respect to the NotesDepositary procedures, the Note Registrar shall endorse the schedule of increases and decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer Automatic Exchange and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Security(ies) and the Unrestricted Global NoteSecurity(ies), respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect pursuant to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferredAutomatic Exchange. If an Unrestricted Global Note Security is not then outstanding at the time of the an Automatic Exchange, then the Company shall execute execute, and upon receipt of a Company Order, the Trustee shall authenticate and deliver deliver, an Unrestricted Global Note Security to the Depositary. Following any such transfer pursuant to this Section 2.12Automatic Exchange, the relevant each resulting Restricted Global Note or Restricted Common Stock, as applicable, Security whose principal amount is reduced to zero shall be cancelled.

Appears in 1 contract

Samples: Warrant Agreement (Savient Pharmaceuticals Inc)

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Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall be automatically exchanged into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holders’ beneficial interests shall be transferred. At the Company’s request on no less than five (5) 5 days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.12, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicable, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes, the Note Registrar shall endorse the schedule of increases and decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.this

Appears in 1 contract

Samples: Forest City Enterprises Inc

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial Upon the Issuers’ satisfaction that the Private Placement Legend shall no longer be required in order to maintain compliance with the Securities Act and the Investment Company Act, beneficial interests in a Restricted Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall may be automatically exchanged into beneficial interests in an unrestricted Unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder Holder (the “Automatic Exchange”) at any time on or after the date that is the 366th calendar day after (1) with respect to Initial Notes, the Issue Date or (2) with respect to Additional Notes, if any, the issue date of such Additional Notes, or, in each case, if such day is not a Business Day, on the next succeeding Business Day, provided, however, that if any Additional Notes are issued within the 365 calendar days after the Issue Date, then the period with respect to the Initial Notes shall automatically be extended to the 366th calendar day after the issue date of such Additional Notes (the “Automatic Exchange Date”). In Upon the Issuers’ satisfaction that the Private Placement Legend shall no longer be required in order to effect such exchangemaintain compliance with the Securities Act and the Investment Company Act, the Company Issuers shall (i) provide written notice to the Depositary and the Trustee at least fifteen (15) days but not more than thirty (30) 15 calendar days prior to the Resale Restriction Termination Automatic Exchange Date, deliver instructing the Depositary to exchange all of the outstanding beneficial interests in a particular Restricted Global Note to the Unrestricted Global Note, which the Issuers shall have previously otherwise made eligible for exchange with the Depositary, (ii) provide prior written notice of Automatic Exchange (an the “Automatic Exchange Notice”) to each holder Holder at such holderHolder’s address appearing in the Note Register or register maintained of Holders at the registrar for Common Stock, as applicable, with a copy to the Trustee or transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject least 15 calendar days prior to the Automatic Exchange and shall state: Date (1the “Automatic Exchange Notice Date”), which notice must include (w) the date of the Automatic Exchange; Exchange Date, (2x) the section of this Indenture pursuant to which the Automatic Exchange shall occur; , (3y) the “CUSIP” CUSIP number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ Holder’s beneficial interests shall will be transferred and (4z) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holders’ Holder’s beneficial interests shall will be transferredtransferred and (iii) on or prior to the Automatic Exchange Date, deliver to the Trustee for authentication one or more Unrestricted Global Notes (together with an Authentication Order), duly executed by the Issuers, in an aggregate principal amount equal to the aggregate principal amount of Restricted Global Notes to be exchanged into such Unrestricted Global Notes. At the Company’s Issuers’ written request on no less than five (5) calendar days’ notice prior noticeto the Automatic Exchange Notice Date, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s Issuers’ name and at its expense, the Automatic Exchange Notice to each holder Holder at such holderHolder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableof Holders; provided, however, provided that the Company shall Issuers have delivered to the Trustee or transfer agentthe information required to be included in such Automatic Exchange Notice. Notwithstanding anything to the contrary in this Section 2.06(d), as applicable, a Company Order and an Officers’ Certificate requesting that during the Trustee or transfer agent, as applicable, give 15 calendar day period prior to the Automatic Exchange Notice (in Date, no transfers or exchanges other than pursuant to this Section 2.06(d) shall be permitted without the name and at the expense prior written consent of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentenceIssuers. As a condition to any such exchange pursuant to this Section 2.12Automatic Exchange, the Issuers shall provide, and the Trustee or transfer agent, as applicable, shall be entitled to receive from the Companyconclusively rely upon, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicable, Issuers to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, Automatic Exchange shall be effected in compliance with the Securities ActAct and the Investment Company Act and that the restrictions on transfer contained herein and in the Private Placement Legend shall no longer be required in order to maintain compliance with the Securities Act and the Investment Company Act and that the aggregate principal amount of the particular Restricted Global Note is to be transferred to the particular Unrestricted Global Note by adjustment made on the records of the Trustee, as custodian for the Depositary to reflect the Automatic Exchange. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes2.06(d), the Note Registrar shall endorse the schedule aggregate principal amount of increases and decreases in the Global Note Notes shall be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, to reflect the relevant Notes and reflect on its books and records the date of such transfer and a increase or decrease and increase, respectively, in the principal amount of such Global Note resulting from the applicable exchange. The Restricted Global Note and the Unrestricted Global Note, respectively, equal to the principal amount of from which beneficial interests are transferred or (ii) with respect pursuant to Common Stock, the registrar for Common Stock an Automatic Exchange shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of be cancelled following the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.12, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (Lennar Corp /New/)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” ”, as applicable), shall be automatically exchanged into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” ”, as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to the Resale Restriction Termination Date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holders’ beneficial interests shall be transferred. At the Company’s request on no less than five (5) 5 days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentence. As a condition to any such exchange pursuant to this Section 2.122.15, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicable, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.122.15, (i) with respect to the Notes, the Note Registrar shall endorse the schedule Schedule of increases Increases and decreases Decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.122.15, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (Radioshack Corp)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial Upon compliance with the following procedures, all of the beneficial interests in a Restricted Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall be automatically exchanged into for beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), without any action required by or on behalf of the holder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) days but not more than thirty (30) days prior to the Resale Restriction Termination Date, deliver a provide written notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable, with a copy to the Trustee or instructing the Trustee to (i) direct the Depositary to transfer agent for Common Stock, as applicable. The Automatic Exchange Notice shall identify all of the Notes or Common Stock , as applicable, subject outstanding beneficial interests in a particular Restricted Global Note to the Automatic Exchange Unrestricted Global Note and shall state: provide the Depositary with all such information as is necessary for the Depositary to appropriately credit and debit the relevant Holder accounts and (1ii) provide prior written notice to all Holders of such exchange, which notice must include the date of such exchange is to occur, the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” CUSIP number of the relevant Restricted Global Note or Restricted Common Stock, as applicable, from which such holders’ beneficial interests shall be transferred and (4) the “CUSIP” CUSIP number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersHolders’ beneficial interests shall be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder at such holder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicable; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in the Automatic Exchange Notice as provided in the preceding sentenceexchanged. As a condition to any such exchange pursuant to this Section 2.122.07(j), the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agent, as applicableTrustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes2.07(j), the Note Registrar shall endorse the schedule of increases and decreases in the Global Note Schedule A to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global Note, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.122.07(j), the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (Fairpoint Communications Inc)

Automatic Exchange from Restricted Global Note to Unrestricted Global Note. Beneficial interests in a Global Note or Common Stock issued upon conversion of Notes that is subject to restrictions set out in Section 2.06(c2.05(d) or Section 2.06(d), as applicable (including the legend set forth in Section 2.06(c) or Section 2.06(d2.05(d), as applicable) (the “Restricted Global Note” or “Restricted Common Stock,” as applicable), shall ”) may be automatically exchanged exchanged, at the election of the Company, into beneficial interests in an unrestricted Global Note or stock certificate representing unrestricted Common Stock, as applicable, that is no longer subject to the restrictions set out in Section 2.06(c2.05(d) or Section 2.06(d), as applicable (including removal of the legend set forth in Section 2.06(c) or Section 2.06(d2.05(d), as applicable) (the “Unrestricted Global Note” or “Unrestricted Common Stock,” as applicable), ”) without any action required by or on behalf of the holder Noteholder (the “Automatic Exchange”). In order to effect such exchange, the Company shall at least fifteen (15) 15 days but not more than thirty (30) 30 days prior to the Resale Restriction Termination Dateautomatic exchange date, deliver a notice of Automatic Exchange (an “Automatic Exchange Notice”) to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister, with a copy to the Trustee or transfer agent for Common Stock, as applicableTrustee. The Automatic Exchange Notice shall be prepared by the Company and shall identify the Notes or Common Stock , as applicable, subject to the Automatic Exchange and shall state: (1) the date of the Automatic Exchange; (2) the section of this Indenture pursuant to which the Automatic Exchange shall occur; (3) the “CUSIP” number of the Restricted Global Note or Restricted Common Stock, as applicable, from which such holdersNoteholders’ beneficial interests shall will be transferred and (4) the “CUSIP” number of the Unrestricted Global Note or Unrestricted Common Stock, as applicable, into which such holdersNoteholders’ beneficial interests shall will be transferred. At the Company’s request on no less than five (5) days’ prior notice, the Trustee shall deliver, or, with respect to Common Stock, the Company shall cause the transfer agent to deliver, in the Company’s name and at its expense, the Automatic Exchange Notice to each holder Noteholder at such holderNoteholder’s address appearing in the Note Register or register maintained at the registrar for Common Stock, as applicableRegister; provided, however, that the Company shall have delivered to the Trustee or transfer agent, as applicable, a Company Order and an Officers’ Certificate requesting that the Trustee or transfer agent, as applicable, give the Automatic Exchange Notice (in the name and at the expense of the Company) and setting forth the information to be stated in attaching the Automatic Exchange Notice as provided in the preceding sentencean exhibit thereto. As a condition to any such exchange pursuant to this Section 2.122.11, the Trustee or transfer agent, as applicable, shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Officer’s Certificate and an Opinion of Counsel to the Company, in form and in substance reasonably satisfactory to the Trustee or transfer agentTrustee, as applicable, to the effect certifying that such transfer of beneficial interests to the Unrestricted Global Note or Unrestricted Common Stock, as applicable, shall be effected in compliance with the Securities Act. Upon such exchange of beneficial interests pursuant to this Section 2.12, (i) with respect to the Notes2.11, the Note Registrar shall endorse the schedule Schedule of increases Increases and decreases Decreases in the Global Note to the relevant Notes and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Note Note(s) and the Unrestricted Global NoteNotes, respectively, equal to the principal amount of beneficial interests transferred or (ii) with respect to Common Stock, the registrar for Common Stock shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the number of shares of the applicable Restricted Common Stock and the Unrestricted Common Stock, respectively, equal to the beneficial interests transferred. If an Unrestricted Global Note is not then outstanding at the time of the Automatic Exchange, the Company shall execute and and, upon receipt of a Company Order, the Trustee shall authenticate and deliver an Unrestricted Global Note to the Depositary. Following any such transfer pursuant to this Section 2.122.11, the relevant Restricted Global Note or Restricted Common Stock, as applicable, shall be cancelled.

Appears in 1 contract

Samples: Indenture (Liberty Media Corp)

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