Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Securities or a particular Certificated Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 13 contracts
Samples: Indenture (Cobrew SA/NV), Indenture (Anheuser-Busch InBev SA/NV), Indenture (Brandbev S.a r.l.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 12 contracts
Samples: Indenture (BRMK Management, Corp.), Indenture (BRMK Management, Corp.), Indenture (Ventas Realty Limited Partnership)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 hereof309 of the Base Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee Security Registrar or by the Depositary at the direction of the Trustee Security Registrar to reflect such increase.
Appears in 10 contracts
Samples: Tenth Supplemental Indenture (Cme Group Inc.), Ninth Supplemental Indenture (Cme Group Inc.), Eighth Supplemental Indenture (Cme Group Inc.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.12 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement a notation will be made on such Global Security the records maintained 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 Security, such other Global Security will be increased accordingly and an endorsement a notation will be made on such Global Security the records maintained by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 9 contracts
Samples: Indenture (Clearway Energy, Inc.), Indenture (Clearway Energy LLC), Indenture (Clearway Energy, Inc.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.10. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities Notes represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the applicable 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the applicable Depositary at the direction of the Trustee to reflect such increase.
Appears in 8 contracts
Samples: Supplemental Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the aggregate principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, the aggregate principal amount of such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 7 contracts
Samples: Senior Indenture (Markel Corp), Senior Indenture (ALTERRA CAPITAL HOLDINGS LTD), Subordinated Indenture (Alterra Finance LLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 2.13 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 7 contracts
Samples: Indenture (Equinix Europe 2 Financing Corp LLC), Indenture (Equinix Inc), Indenture (Equinix Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.10. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities Notes represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 6 contracts
Samples: Indenture (O-I Glass, Inc. /DE/), Indenture (O-I Glass, Inc. /DE/), Indenture (O-I Glass, Inc. /DE/)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.11. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Securities Custodian 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Securities Custodian at the direction of the Trustee to reflect such increase.
Appears in 5 contracts
Samples: Indenture (Helmerich & Payne, Inc.), Indenture (Helmerich & Payne Inc), Indenture (Nabors Industries LTD)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.12 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount Principal Amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will be by adjustments made on such Global Security by the Trustee or by the Depositary at the direction records 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 Security, such other Global Security will shall be increased accordingly and an endorsement will be by adjustments made on such Global Security by the Trustee or by the Depositary at the direction records of the Trustee to reflect such increase.
Appears in 4 contracts
Samples: Indenture (Hallmark Financial Services Inc), Indenture (WSFS Financial Corp), Indenture (WSFS Financial Corp)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee Security Registrar in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount aggregate number of Securities CVRs represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security by the Trustee Security Registrar or by the Depositary at the direction of the Trustee Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee Security Registrar or by the Depositary at the direction of the Trustee Security Registrar to reflect such increase.
Appears in 4 contracts
Samples: Contingent Value Rights Agreement, Contingent Value Rights Agreement (Aclara Biosciences Inc), Contingent Value Rights Agreement (Aclara Biosciences Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Securities Custodian 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Securities Custodian at the direction of the Trustee to reflect such increase.
Appears in 4 contracts
Samples: Indenture (Halcon Resources Corp), Amended First Supplemental Indenture (Key Energy Services Inc), First Supplemental Indenture (Key Energy Services Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof309 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the U.S. 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the U.S. Depositary at the direction of the Trustee to reflect such increase.
Appears in 3 contracts
Samples: Second Supplemental Indenture (Ingersoll-Rand PLC), Third Supplemental Indenture (Ingersoll-Rand PLC), First Supplemental Indenture (Ingersoll-Rand PLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof309 of the Original Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security Securities will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 3 contracts
Samples: Fourth Supplemental Indenture (Enable Midstream Partners, LP), Third Supplemental Indenture (Enable Midstream Partners, LP), Second Supplemental Indenture (Enable Midstream Partners, LP)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 hereof2.08. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will may be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 3 contracts
Samples: Indenture (Mallinckrodt PLC), Indenture (Mallinckrodt PLC), Indenture (Covidien PLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Physical Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.10. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Physical Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.
Appears in 3 contracts
Samples: Indenture (Leucadia National Corp), Indenture (Leucadia National Corp), Indenture (Leucadia National Corp)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Physical Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.10. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Physical Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.
Appears in 3 contracts
Samples: Indenture (Leucadia National Corp), Indenture (Leucadia National Corp), Indenture (Leucadia National Corp)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee Registrar in accordance with Section 311 hereof2.11. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Securities Definitive Notes or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereofthe Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated SecuritiesDefinitive Notes, the principal amount of Securities Notes represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security the Schedule of Exchanges of 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Legg Mason, Inc.), First Supplemental Indenture (Legg Mason, Inc.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Securities or a particular Certificated Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Haleon PLC), Indenture (Anheuser-Busch InBev SA/NV)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if . 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture Agreement (PJC Manchester Realty LLC), Indenture (PJC Manchester Realty LLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Eclipse Resources Corp), Indenture (Eclipse Resources Corp)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 hereof2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee or by the Depositary at the direction of the Trustee 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee or by the Depositary at the direction of the Trustee Trustee, to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Hard Rock Hotel Inc), Indenture (Hard Rock Hotel Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 2 contracts
Samples: Indenture (CVR Nitrogen Holdings, LLC), Indenture (Coffeyville Resources, LLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee Registrar in accordance with Section 311 hereof2.11. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee Securities Custodian 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee Securities Custodian to reflect such increase.
Appears in 2 contracts
Samples: Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 hereof2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security 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 Securities. At such time as --------------------------------------------------- all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities Notes represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.12. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Ventas Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee Trustee, the Security Custodian or by the Depositary at the direction of the Trustee 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee Trustee, the Security Custodian or by the Depositary at the direction of the Trustee Trustee, to reflect such increase.
Appears in 1 contract
Samples: Indenture (Kinder Morgan Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 3.09 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Ford Motor Credit Co LLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Doane Pet Care Co)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof3.10. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Herc Holdings Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (City Truck Holdings Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee or by the Depositary Registrar at the direction of the Trustee 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security Security, by the Trustee or by the Depositary Registrar at the direction of the Trustee Trustee, to reflect such increase.
Appears in 1 contract
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof3.09. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Herc Holdings Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Second Priority Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 Security, the principal amount of Second Priority Securities represented by such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 2.13 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement a notation will be made on such Global Security the records maintained 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 Security, such other Global Security will be increased accordingly and an endorsement a notation will be made on such Global Security the records maintained by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (NRG Rema LLC)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary 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 Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Wellpoint Inc)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 2.13 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 309 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Conformed Copy (Imax Corp)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Securities a Definitive Security or a particular Certificated Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security will shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 311 hereof310. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will may be made on such Global Security 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 Security, such other Global Security will shall be increased accordingly and an endorsement will may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Cme Group Inc.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 311 3.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary Securities Custodian 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 Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary Securities Custodian at the direction of the Trustee to reflect such increase.
Appears in 1 contract
Samples: Indenture (Sirius International Insurance Group, Ltd.)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Certificated Definitive Securities or a particular Certificated Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will shall be returned to or retained and canceled by the Trustee in accordance with Section 311 hereof2.11. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will shall take delivery thereof in the form of a beneficial interest in another Global Security or for Certificated Definitive Securities, the principal amount or number, as applicable, of Securities represented by such Global Security will shall be reduced accordingly and an endorsement will shall be made on such Global Security 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 shall take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will shall be increased accordingly and an endorsement will shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
Appears in 1 contract
