Common use of Definitive Notes to Beneficial Interests in Global Notes Clause in Contracts

Definitive Notes to Beneficial Interests in Global Notes. A Holder of an Definitive Note may exchange such Note for a beneficial interest in an Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to the preceding paragraph at a time when a Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred.

Appears in 2 contracts

Samples: Supplemental Indenture (Wci Communities Inc), Form of Indenture (Valimar Home & Land Company, LLC)

AutoNDA by SimpleDocs

Definitive Notes to Beneficial Interests in Global Notes. A Holder of an a Definitive Note may exchange such Note for a beneficial interest in an a Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to the preceding paragraph subparagraph (3) above at a time when a Global Note has not yet been issued, the Company shall will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall will authenticate one or more Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred.

Appears in 1 contract

Samples: Intercreditor Agreement

AutoNDA by SimpleDocs

Definitive Notes to Beneficial Interests in Global Notes. A Holder of an a Definitive Note may exchange such Note for a beneficial interest in an a Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. Notes.β€Œ If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to the preceding paragraph subparagraph (3) above at a time when a Global Note has not yet been issued, the Company shall will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall will authenticate one or more Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred.

Appears in 1 contract

Samples: www.theconstellation.com

Time is Money Join Law Insider Premium to draft better contracts faster.