Common use of Exchanges of Bearer Instruments for Registered Instruments Clause in Contracts

Exchanges of Bearer Instruments for Registered Instruments. In relation to any Series comprising Bearer Instruments which are exchangeable for Registered Instruments, by the receipt of requests for exchanges of Bearer Instruments for Registered Instruments together with the relevant Bearer Instruments (or notifications from a Paying Agent of receipt thereof by such Paying Agent), the Registrar shall effect the issue of Registered Instruments and the making of entries in the Register, and give effect to exchanges of Bearer Instruments for Registered Instruments in accordance with the relevant Terms and Conditions applicable thereto and in accordance with the Regulations. The Registrar shall forthwith upon the receipt of the relevant Bearer Instrument(s) together with a request for the exchange of Bearer Instrument(s) for Registered Instrument(s) notify the Issue and Paying Agent thereof (specifying (a) the serial numbers of the Bearer Instrument(s), (b) the aggregate nominal amount of Instruments involved, and (c) the exchange date applicable thereto) and shall on the exchange date cancel the relevant Bearer Instrument(s) (together with all unmatured Coupons and Receipts appertaining thereto and surrendered therewith) and forward the same to or to the order of the Issue and Paying Agent. The Registrar shall notify the Issuer and the Trustee promptly of the exchange of Bearer Instruments for Registered Instruments, specifying the serial numbers of the Bearer Instruments and of the Registered Instruments issued in exchange therefor, the aggregate nominal amount involved and the applicable exchange date.

Appears in 3 contracts

Samples: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

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Exchanges of Bearer Instruments for Registered Instruments. 12.12 In relation to any Series comprising Bearer Instruments which are exchangeable for and Registered Instruments, by the receipt of requests for exchanges of Bearer Instruments for Registered Instruments together with the relevant Bearer Instruments (or notifications from a the Issue and Paying Agent of receipt thereof by such the Issue and Paying Agent), the Registrar shall effect the issue of Registered Instruments and the making of entries in the Register, and give effect to exchanges of Bearer Instruments for Registered Instruments in accordance with the relevant Terms and Conditions applicable thereto and in accordance with the Regulations. The Registrar shall forthwith upon the receipt of the relevant Bearer Instrument(s) together with a request for the exchange of Bearer Instrument(s) for Registered Instrument(s) notify the Issue and Paying Agent thereof (specifying (ai) the serial numbers of the Bearer Instrument(s), (bii) the aggregate nominal principal amount of Instruments involved, and (ciii) the exchange date (as defined in the Terms and Conditions) applicable thereto) and shall on the exchange date cancel the relevant Bearer Instrument(s) (together with all unmatured Coupons and Receipts appertaining thereto and surrendered therewith) and forward the same to or to the order of the Issue and Paying Agent. The Registrar shall notify the Issuer and the Trustee Guarantor promptly of the exchange of Bearer Instruments for Registered Instruments, specifying the serial numbers of the Bearer Instruments and of the Registered Instruments issued in exchange therefor, the aggregate nominal principal amount involved and the applicable exchange date.

Appears in 1 contract

Samples: Paying Agency Agreement

Exchanges of Bearer Instruments for Registered Instruments. In relation to any Series comprising Bearer Instruments which are exchangeable for Registered Instruments, by the receipt of requests for exchanges of Bearer Instruments for Registered Instruments together with the relevant Bearer Instruments (or notifications from a Paying Agent of receipt thereof by such Paying Agent), the Registrar shall effect the issue of Registered Instruments and the making of entries in the Register, and give effect to exchanges of Bearer Instruments for Registered Instruments in accordance with the relevant Terms and Conditions applicable thereto and in accordance with the Regulations. The Registrar shall forthwith upon the receipt of the relevant Bearer Instrument(s) together with a request for the exchange of Bearer Instrument(s) for Registered Instrument(s) notify the Issue and Paying Agent thereof (specifying (a) the serial numbers of the Bearer Instrument(s), (b) the aggregate nominal amount of Instruments involved, and (c) the exchange date applicable thereto) and shall on the exchange date cancel the relevant Bearer Instrument(s) (together with all unmatured Coupons and Receipts appertaining thereto and surrendered therewith) and forward the same to or to the order of the Issue and Paying Agent. The Registrar shall notify the Issuer and the Trustee promptly of the exchange of Bearer Instruments for Registered Instruments, specifying the serial numbers of the Bearer Instruments and of the Registered Instruments issued in exchange therefor, the aggregate nominal amount involved and the applicable exchange date.to

Appears in 1 contract

Samples: Agency Agreement

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Exchanges of Bearer Instruments for Registered Instruments. 11.13 In relation to any Series comprising Bearer Instruments which are exchangeable for and Registered Instruments, by the receipt of requests for exchanges of Bearer Instruments for Registered Instruments together with the relevant Bearer Instruments (or notifications from a Paying the Fiscal Agent of receipt thereof by such Paying the Fiscal Agent), the Registrar shall effect the issue of Registered Instruments and the making of entries in the Register, and give effect to exchanges of Bearer Instruments for Registered Instruments in accordance with the relevant Terms terms and Conditions conditions applicable thereto and in accordance with the Regulations. The Registrar shall forthwith upon the receipt of the relevant Bearer Instrument(s) together with a request for the exchange of Bearer Instrument(s) Instruments for Registered Instrument(s) Instruments notify the Issue and Paying Fiscal Agent thereof (specifying (ai) the serial numbers of the Bearer Instrument(s)Instruments, (bii) the aggregate nominal principal amount of Instruments involved, and (ciii) the exchange date (as defined in Condition 2.06) applicable thereto) and shall on the exchange date cancel the relevant Bearer Instrument(s) (together with all unmatured Coupons and Receipts appertaining thereto and surrendered therewith) Instruments and forward the same to or to the order of the Issue and Paying Fiscal Agent. The Registrar shall notify the Issuer and the Trustee promptly of the exchange of Bearer Instruments for Registered Instruments, specifying the serial numbers of the Bearer Instruments and of the Registered Instruments issued in exchange therefor, the aggregate nominal principal amount involved and the applicable exchange date.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Abb LTD)

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