Common use of Exchange for Definitive Securities Clause in Contracts

Exchange for Definitive Securities. At least 14 days before any Exchange Date (as defined in the Global Security), the Issuer will deliver or procure the delivery of Definitive Securities in an aggregate principal amount equal to the outstanding principal amount of the Global Security or such lesser interest in the Global Security which is to be exchanged to or to the order of the Fiscal Agent. Such Definitive Securities shall have attached all Coupons in respect of interest which has not already been paid against presentation of the Global Security. The Fiscal Agent (or its agent on its behalf) shall authenticate such Definitive Securities and shall make them and the Coupons available for exchange against the Global Security in accordance with the Global Security. If the Global Security is not to be exchanged in full, the Fiscal Agent shall endorse, or procure the endorsement of, a memorandum of the principal amount of the Global Security exchanged in the appropriate schedule to the Global Security and shall return the Global Security to the bearer. On exchange in full of the Global Security the Fiscal Agent shall cancel it and, if so requested by the bearer, return it to the bearer.

Appears in 4 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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