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

Cancellation or Adjustment of Global Notes. At such time as all beneficial interests in Global Notes have been exchanged for Certificated Notes, redeemed, repurchased or canceled, all Global Notes shall be returned to or retained and canceled by the Trustee in accordance with Section 2.10 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Notes, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Notes shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.

Appears in 1 contract

Samples: Indenture (Keystone Consolidated Industries Inc)

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Cancellation or Adjustment of Global Notes. At such time as all ------------------------------------------ beneficial interests in Global Notes have been exchanged for Certificated Notes, redeemed, repurchased or canceled, all Global Notes shall be returned to or retained and canceled by the Trustee in accordance with Section 2.10 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Notes, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Notes shall be reduced accordingly and an endorsement shall be made on such Global Note Notes by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.

Appears in 1 contract

Samples: Mediaamerica Inc

Cancellation or Adjustment of Global Notes. At such time as all beneficial interests in Global Notes have been exchanged for Certificated Definitive Notes, redeemed, repurchased or canceledcancelled, all Global Notes shall be returned to or retained and canceled cancelled by the Trustee in accordance with Section 2.10 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Definitive Notes, redeemed, repurchased or canceledcancelled, the principal amount of Notes represented by such Global Notes Note shall be reduced accordingly and an endorsement shall be made on such Global Note Note, by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.

Appears in 1 contract

Samples: American Eco Corp

Cancellation or Adjustment of Global Notes. At such time as all beneficial interests in Global Notes have been exchanged for Certificated Notes, redeemed, repurchased or canceled, all Global Notes shall be returned to or retained and canceled by the Trustee in accordance with Section 2.10 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Notes, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Notes shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.. (i)

Appears in 1 contract

Samples: Keystone Consolidated Industries Inc

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Cancellation or Adjustment of Global Notes. At such time as all ------------------------------------------ beneficial interests in Global Notes have been exchanged for Certificated Notes, redeemed, repurchased or canceled, all Global Notes shall be returned to or retained and canceled by the Trustee in accordance with Section 2.10 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Notes, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Notes shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or the Note Custodian, at the direction of the Trustee, to reflect such reduction.

Appears in 1 contract

Samples: Loomis Fargo & Co

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