Common use of Cancellation and/or Adjustment of Global Bonds Clause in Contracts

Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Bonds or a particular Global Bond has been redeemed, repurchased or canceled in whole and not in part, each such Global Bond will be returned to or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Bonds, the principal amount of Bonds represented by such Global Bond will be reduced accordingly and an endorsement will be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will be increased accordingly and an endorsement will be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 4 contracts

Samples: Peoples Energy Corp, Peoples Energy Corp, Peoples Energy Corp

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Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Physical Bonds or a particular Global Bond has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled cancelled by the TrusteeTrustee in accordance with Section 2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Physical Bonds, the principal amount of Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.. ​ ​

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Bonds or a particular Global Bond has been redeemed, repurchased or canceled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled by the TrusteeTrustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Bonds, the principal amount of the Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture

Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Physical Bonds or a particular Global Bond has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled cancelled by the TrusteeTrustee in accordance with Section 2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Physical Bonds, the principal amount of Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Certificated Bonds or a particular Global Bond has been redeemed, repurchased or canceled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled by the TrusteeCorporate Trustee in accordance with the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Certificated Bonds, the principal amount of Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond Bond, by the Corporate Trustee or by the Depositary at the direction of the Trustee Corporate Trustee, to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond Bond, by the Corporate Trustee or by the Depositary at the direction of the Trustee Corporate Trustee, to reflect such increase.

Appears in 1 contract

Samples: Twentieth Supplemental Indenture (Touch America Holdings Inc)

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Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Bonds or a particular Global Bond has been redeemed, repurchased or canceled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled by the TrusteeTrustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Bonds, the principal amount of Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Edison Mission Finance Co)

Cancellation and/or Adjustment of Global Bonds. At such time as all beneficial interests in a particular Global Bond have been exchanged for Definitive Physical Bonds or a particular Global Bond has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Bond will shall be returned to or retained and canceled cancelled by the TrusteeTrustee in accordance with Section 2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Bond is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond or for Definitive Physical Bonds, the principal amount of Bonds represented by such Global Bond will shall be reduced accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Bond, such other Global Bond will shall be increased accordingly and an endorsement will shall be made on such Global Bond by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

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