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

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

Appears in 2 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

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Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note of a any series have been exchanged for Definitive Certificated Notes for the same of such series or a particular Global Note of any series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Note of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.11 hereof2.12 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note of a series is exchanged for or transferred to a Person person who will take delivery thereof in the form of a beneficial interest in another Global Note of such series or for Definitive Notes, in either case for the same Certificated Notes of such series, the principal amount of Notes represented by such Global Note of such series shall be reduced accordingly and an endorsement shall be made on such Global Note of such series 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 person who will shall take delivery thereof in the form of a beneficial interest in another Global Note of such series, such other Global Note of such series shall be increased accordingly and an endorsement shall be made on such Global Note of such series by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: First Supplemental Indenture (Atlassian Corp), First Supplemental Indenture (Nordson Corp)

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

Appears in 1 contract

Samples: Supplemental Indenture (Chesapeake Energy Corp)

Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note of a series have been exchanged for Definitive Notes for the same series or a particular Global Note has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Note shall will be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.11 hereof2.11. At any time prior to such cancellation, if any beneficial interest in a Global Note of a series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note of the same series or for Definitive Notes, in either case for Notes of the same series, the principal amount of Notes represented by such Global Note shall will be reduced accordingly and an endorsement shall will be made on the “Schedule of Exchanges of Interests in the Global Note” of such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and 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 Note of such seriesNote, such other Global Note shall will be increased accordingly and an endorsement shall will be made on the “Schedule of Exchanges of Interests in the Global Note” of such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Security and Pledge Agreement (Intl Fcstone Inc.)

Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note of a series have been exchanged for Definitive Physical Notes for the same series or a particular Global Note has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Note shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.11 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Note of a series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note of the same series or for Definitive Notes, in either case for Physical Notes of the same series, the principal amount of such series of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note 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 Note of such the same series, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (LKQ Corp)

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

Appears in 1 contract

Samples: Dte Energy Co

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Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note of a series have been exchanged for Definitive Physical Notes for the same series or a particular Global Note has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Note shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.11 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Note of a series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note of the same series or for Definitive Notes, in either case for Physical Notes of the same series, the principal amount of such series of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Common 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 Note of such the same series, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Common Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (LKQ Corp)

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

Appears in 1 contract

Samples: Supplemental Indenture (Owens Corning)

Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note of a any series have been exchanged for Definitive Physical Notes for the same of such series or a particular Global Note of such series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Note of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.11 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Note of a any series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note of such series or for Definitive Notes, in either case for the same Physical Notes of such series, the principal amount of Notes of such series represented by such Global Note of such series shall be reduced accordingly and an endorsement shall be made on such Global Note of such series by the Trustee or by the Depositary at the direction of the Trustee Registrar 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 Note of such series, such other Global Note of such series shall be increased accordingly and an endorsement shall be made on such Global Note of such series by the Trustee or by the Depositary at the direction of the Trustee Registrar to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (Brinks Co)

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