Common use of Change in Principal Amount of Global Notes Clause in Contracts

Change in Principal Amount of Global Notes. (a) Upon transfer or exchange of a beneficial interest in one Global Note for another Global Note as provided in Section 2.7 of the Indenture or upon the issuance of Definitive Notes in accordance with Section 2.6 of the Indenture, the Book-Entry Depositary shall adjust accordingly the principal amounts of the Certificated Depositary Interests and shall confirm such adjustments with the applicable Depositary. The Book-Entry Depositary shall present the Global Notes to the Trustee or its agent to reduce or increase the principal amount thereof in accordance with Section 2.7 of the Indenture. (b) In the event that the Issuer exercises any right of redemption in respect of any Notes constituting all or any part of a Global Note or purchases any Notes constituting all or any part of a Global Note pursuant to an offer to purchase Notes pursuant to the Indenture, the Book-Entry Depositary shall promptly cause the Note Custodian to request the Trustee to adjust its records and request the Trustee to endorse the applicable Schedule to such Global Note, in each case to reflect the reduction in the principal amount of such Global Note as a result of such redemption or purchase. The redemption price or purchase price payable in connection with the redemption or purchase of a portion of such Global Note shall be equal to the amount received by the Book-Entry Depositary in respect of the aggregate principal amount of the Notes so redeemed or purchased. In addition, the Book-Entry Depositary shall cause the Note Custodian to notify the applicable Depositary of the principal amount redeemed and of a corresponding reduction of the same principal amount of the applicable Certificated Depositary Interest. The Book-Entry Depositary shall pay all such amounts received by it in connection with such redemption to such Depositary. (c) Whenever the principal amount at maturity of a Global Note is changed by the Trustee, the Book-Entry Depositary shall cause the Note Custodian to notify the applicable Depositary in each case of the corresponding change in the principal amount of the related Certificated Depositary Interest.

Appears in 3 contracts

Samples: Euro Deposit and Custody Agreement (JSG Acquisitions I), Euro Deposit and Custody Agreement (MDCP Acquisitions I), Deposit and Custody Agreement (MDCP Acquisitions I)

AutoNDA by SimpleDocs

Change in Principal Amount of Global Notes. (a) Upon transfer or exchange of a beneficial interest in one Global Note for another Global Note as provided in Section 2.7 of the Indenture or upon the issuance of Definitive Notes in accordance with Section 2.6 of the Indenture, the Book-Entry Depositary shall adjust accordingly the principal amounts of the Certificated Certificateless Depositary Interests and shall confirm such adjustments with the applicable Depositary. The Book-Entry Depositary shall present the Global Notes to the Trustee or its agent to reduce or increase the principal amount thereof in accordance with Section 2.7 of the Indenture. (b) In the event that the Issuer exercises any right of redemption in respect of any Notes constituting all or any part of a Global Note or purchases any Notes constituting all or any part of a Global Note pursuant to an offer to purchase Notes pursuant to the Indenture, the Book-Entry Depositary shall promptly cause the Note Custodian to request the Trustee to adjust its records and request the Trustee to endorse the applicable Schedule to such Global Note, in each case to reflect the reduction in the principal amount of such Global Note as a result of such redemption or purchase. The redemption price or purchase price payable in connection with the redemption or purchase of a portion of such Global Note shall be equal to the amount received by the Book-Entry Depositary in respect of the aggregate principal amount of the Notes so redeemed or purchased. In addition, the Book-Entry Depositary shall cause the Note Custodian to notify the applicable Depositary of the principal amount redeemed and of a corresponding reduction of the same principal amount of the applicable Certificated Certificateless Depositary Interest. The Book-Entry Depositary shall pay all such amounts received by it in connection with such redemption to such the Depositary. (c) Whenever the principal amount at maturity of a Global Note is changed by the Trustee, the Book-Entry Depositary shall cause the Note Custodian to notify the applicable Depositary in each case of the corresponding change in the principal amount of the related Certificated Certificateless Depositary Interest.

Appears in 3 contracts

Samples: Dollar Deposit and Custody Agreement (JSG Acquisitions I), Dollar Deposit and Custody Agreement (MDCP Acquisitions I), Deposit and Custody Agreement (MDCP Acquisitions I)

Change in Principal Amount of Global Notes. (a) Upon transfer or exchange of a beneficial interest in one Global Note for a beneficial interest in another Global Note as provided in and in accordance with the terms of Section 2.7 of the Indenture or upon the issuance of Definitive Notes in accordance with the terms of Section 2.6 of the Indenture, the Book-Entry entry Depositary shall adjust accordingly the principal amounts of the Certificated Certificateless Depositary Interests and shall confirm such adjustments with the applicable Depositary. The Book-Entry entry Depositary shall present the Global Notes to the Trustee or its agent to reduce or increase the principal amount thereof in accordance with the terms of Section 2.7 of the Indenture. (b) In the event that the Issuer exercises any right of redemption in respect of any Senior Subordinated Notes constituting all or any part of a Global Note or purchases any Senior Subordinated Notes constituting all or any part of a Global Note pursuant to an offer to purchase Senior Subordinated Notes pursuant to the Indenture, the Book-Entry entry Depositary shall promptly cause the Senior Subordinated Note Custodian to request the Trustee to adjust its records and request the Trustee to endorse the applicable Schedule to such Global Note, in each case to reflect the reduction in the principal amount of such Global Note as a result of such redemption or purchase. The redemption price or purchase price payable in connection with the redemption or purchase of a portion of such Global Note shall be equal to the amount received by the Book-Entry Depositary in respect of the aggregate principal amount of the Notes so redeemed or purchased. In addition, the Book-Entry entry Depositary shall cause the Senior Subordinated Note Custodian to notify the applicable Depositary of the principal amount redeemed or purchased and of a corresponding reduction of the same principal amount of the applicable Certificated Certificateless Depositary Interest. The Book-Entry entry Depositary shall pay all such amounts received by it in connection with such redemption to such Depositary. (c) Whenever the principal amount at maturity of a Global Note is changed by the Trustee, the Book-Entry entry Depositary shall cause the Senior Subordinated Note Custodian to notify the applicable Depositary in each case of the corresponding change in the principal amount of the related Certificated Certificateless Depositary Interest.

Appears in 1 contract

Samples: Dollar Senior Subordinated Deposit and Custody Agreement (Valentia Telecommunications)

Change in Principal Amount of Global Notes. (a) Upon transfer or exchange of a beneficial interest in one Global Note for a beneficial interest in another Global Note as provided in and in accordance with the terms of Section 2.7 of the Indenture or upon the issuance of Definitive Notes in accordance with the terms of Section 2.6 of the Indenture, the Book-Entry entry Depositary shall adjust accordingly the principal amounts of the Certificated Depositary Interests and shall confirm such adjustments with the applicable Depositary. The Book-Entry entry Depositary shall present the Global Notes to the Trustee or its agent to reduce or increase the principal amount thereof in accordance with the terms of Section 2.7 of the Indenture. (b) In the event that the Issuer exercises any right of redemption in respect of any Senior Subordinated Notes constituting all or any part of a Global Note or purchases any Senior Subordinated Notes constituting all or any part of a Global Note pursuant to an offer to purchase Senior Subordinated Notes pursuant to the Indenture, the Book-Entry entry Depositary shall promptly cause the Senior Subordinated Note Custodian to request the Trustee to adjust its records and request the Trustee to endorse the applicable Schedule to such Global Note, in each case to reflect the reduction in the principal amount of such Global Note as a result of such redemption or purchase. The redemption price or purchase price payable in connection with the redemption or purchase of a portion of such Global Note shall be equal to the amount received by the Book-Entry Depositary in respect of the aggregate principal amount of the Notes so redeemed or purchased. In addition, the Book-Entry entry Depositary shall cause the Senior Subordinated Note Custodian to notify the applicable Depositary of the principal amount redeemed or purchased and of a corresponding reduction of the same principal amount of the applicable Certificated Depositary Interest. The Book-Entry entry Depositary shall pay all such amounts received by it in connection with such redemption to such Depositary. (c) Whenever the principal amount at maturity of a Global Note is changed by the Trustee, the Book-Entry entry Depositary shall cause the Senior Subordinated Note Custodian to notify the applicable Depositary in each case of the corresponding change in the principal amount of the related Certificated Depositary Interest.

Appears in 1 contract

Samples: Euro Senior Subordinated Deposit and Custody Agreement (Valentia Telecommunications)

AutoNDA by SimpleDocs

Change in Principal Amount of Global Notes. (a) Upon transfer or exchange of a beneficial interest in one Global Note for a beneficial interest in another Global Note as provided in and in accordance with the terms of Section 2.7 of the Indenture or upon the issuance of Definitive Notes in accordance with the terms of Section 2.6 of the Indenture, the Book-Entry entry Depositary shall adjust accordingly the principal amounts of the Certificated Depositary Interests and shall confirm such adjustments with the applicable Depositary. The Book-Entry entry Depositary shall present the Global Notes to the Trustee or its agent to reduce or increase the principal amount thereof in accordance with the terms of Section 2.7 of the Indenture. (b) In the event that the Issuer exercises any right of redemption in respect of any Senior Notes constituting all or any part of a Global Note or purchases any Senior Notes constituting all or any part of a Global Note pursuant to an offer to purchase Senior Notes pursuant to the Indenture, the Book-Entry entry Depositary shall promptly cause the Senior Note Custodian to request the Trustee to adjust its records and request the Trustee to endorse the applicable Schedule to such Global Note, in each case to reflect the reduction in the principal amount of such Global Note as a result of such redemption or purchase. The redemption price or purchase price payable in connection with the redemption or purchase of a portion of such Global Note shall be equal to the amount received by the Book-Entry Depositary in respect of the aggregate principal amount of the Notes so redeemed or purchased. In addition, the Book-Entry entry Depositary shall cause the Senior Note Custodian to notify the applicable Depositary of the principal amount redeemed or purchased and of a corresponding reduction of the same principal amount of the applicable Certificated Depositary Interest. The Book-Entry entry Depositary shall pay all such amounts received by it in connection with such redemption to such Depositary. (c) Whenever the principal amount at maturity of a Global Note is changed by the Trustee, the Book-Entry entry Depositary shall cause the Senior Note Custodian to notify the applicable Depositary in each case of the corresponding change in the principal amount of the related Certificated Depositary Interest.

Appears in 1 contract

Samples: Euro Senior Deposit and Custody Agreement (Valentia Telecommunications)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!