EXCHANGES BETWEEN GLOBAL SECURITY AND NON Sample Clauses
The "Exchanges Between Global Security and Non" clause governs the process by which securities can be converted or exchanged between global (often electronic or book-entry) form and non-global (physical certificate) form. In practice, this clause outlines the conditions, procedures, and parties involved when an investor wishes to move their holdings from a global security to a physical certificate, or vice versa, such as in response to regulatory requirements or investor requests. Its core function is to provide a clear and standardized mechanism for such exchanges, ensuring that all parties understand the steps and requirements involved, thereby reducing confusion and operational risk.
EXCHANGES BETWEEN GLOBAL SECURITY AND NON. GLOBAL SECURITY. A beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security as provided in Section 3.5.
EXCHANGES BETWEEN GLOBAL SECURITY AND NON global Security. A --------------------------------------------------------- beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security only as provided in Section 3.4 or only if such exchange occurs in connection with a transfer effected in accordance with Clause 2(i) above, provided that, if such interest is a beneficial interest in the Restricted Global Security, then such interest shall be exchanged for a Restricted Security (subject in each case to Section 3.5(3)). A Security that is not a Global Security may be exchanged for a beneficial interest in a Global Security only if such exchange occurs in connection with a transfer effected in accordance with Clause (2)(ii) above.
EXCHANGES BETWEEN GLOBAL SECURITY AND NON. GLOBAL SECURITY. A beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security as provided in Section 301(b), PROVIDED that, if such interest is a beneficial interest in the Rule 144A Global Security, or if such interest is a beneficial interest in the Regulation S Global Security and such exchange is to occur during the Restricted Period, then such interest shall bear the appropriate Private Placement Legend (subject in each case to Section 301(b). Securities which are not in global form may not be exchanged for beneficial interests in any global note unless the transferor first delivers to the trustee a written certificate to the effect that the transfer will comply with the appropriate transfer restrictions applicable to those securities.
EXCHANGES BETWEEN GLOBAL SECURITY AND NON. GLOBAL SECURITY. A beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security as provided in Section 307(b), PROVIDED that, if such interest is a beneficial interest in the Rule 144A Global Security, or if such interest is a beneficial interest in the Regulation S Global Security and such exchange is to occur during the Restricted Period, then such interest shall bear the Private Placement Legend (subject in each case to Section 307(b).
EXCHANGES BETWEEN GLOBAL SECURITY AND NON global Security. A beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security only as provided in Section 3.5(b); provided that, if such interest is a beneficial interest in the Restricted Global Security, then such interest shall be exchanged for a Restricted Security (subject in each case to clause (h) below. A Security that is not a Global Security may be exchanged for a beneficial interest in a Global Security only if such exchange occurs in connection with a transfer effected in accordance with clause (g)(ii) above.