Common use of Exchange and Registration of Transfer of Notes; Restrictions on Transfer Clause in Contracts

Exchange and Registration of Transfer of Notes; Restrictions on Transfer. (a) As provided herein, interests in a Global Note will be exchanged, upon 45 days' notice by a holder of an interest in such Global Note for Definitive Notes. Each Global Note shall be deposited with the Depositary, which shall hold such Global Note in safe custody for the account of DTC and instruct DTC or both of them, as the case may be, to credit the principal amounts of the Notes represented by such Global Note to the holder's distribution account with DTC. Each relevant Global Note shall be exchangeable in whole for an interest, equal to the principal amount of such Global Note being exchanged, for Definitive Notes in the same principal amount, upon request of DTC to the Registrar, but only upon delivery by DTC, acting on behalf of the beneficial owners of such interests, to the Registrar at its principal office in the City of New York, of certificates substantially in the form of Exhibit C hereto. The delivery to the Registrar of any certificate in the form referred to above may be relied upon by the Company, the Trustee and the Registrar as conclusive evidence that related certificates have been delivered to DTC as contemplated by the terms of this Section.

Appears in 3 contracts

Samples: Notes Purchase Agreement (China Security & Surveillance Technology, Inc.), China Security & Surveillance Technology, Inc., China Security & Surveillance Technology, Inc.

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