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

Cancellation and/or Adjustment of Global Debentures. At such time as all beneficial interests in a particular Global Debenture have been exchanged for Certificated Exchangeable Debentures or a particular Global Debenture has been redeemed, repurchased or cancelled in whole and not in part, each such Global Debenture shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.12 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Debenture is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Debenture or for Certificated Exchangeable Debentures, the principal amount of Exchangeable Debentures represented by such Global Debenture shall be reduced accordingly and an endorsement shall be made on such Global Debenture by the Trustee or by the Depository 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 Debenture, such other Global Debenture shall be increased accordingly and an endorsement shall be made on such Global Debenture by the Trustee or by the Depository at the direction of the Trustee to reflect such increase.

Appears in 3 contracts

Samples: Indenture (Host Hotels & Resorts, Inc.), Indenture (Host Hotels & Resorts L.P.), Host Hotels & Resorts, Inc.

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Cancellation and/or Adjustment of Global Debentures. At such time as all beneficial interests in a particular Global Debenture have been exchanged for Certificated Exchangeable Definitive Debentures or a particular Global Debenture has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Debenture shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.12 of the Indenture2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Debenture is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Debenture or for Certificated Exchangeable Definitive Debentures, the principal amount of Exchangeable Debentures represented by such Global Debenture shall be reduced accordingly and an endorsement shall be made on such Global Debenture by the Trustee or by the Depository 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 Debenture, such other Global Debenture shall be increased accordingly and an endorsement shall be made on such Global Debenture by the Trustee or by the Depository Depositary at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: Southwest Water Co, Southwest Water Co

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Cancellation and/or Adjustment of Global Debentures. At such time as all beneficial interests in a particular Global Debenture have been exchanged for Certificated Exchangeable Definitive Debentures or a particular Global Debenture has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Debenture shall will be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.12 of the Indenture2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Debenture is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Debenture or for Certificated Exchangeable Definitive Debentures, the principal amount of Exchangeable Debentures represented by such Global Debenture shall will be reduced accordingly and an endorsement shall will be made on such Global Debenture by the Trustee or by the Depository 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 Debenture, such other Global Debenture shall will be increased accordingly and an endorsement shall will be made on such Global Debenture by the Trustee or by the Depository Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (Broadwing Corp)

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