Common use of Limitation on Transfers of a Global Security Clause in Contracts

Limitation on Transfers of a Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than a Depositary or nominee or nominees therefor, and no such transfer to any such other Person may be registered; provided that this clause (1) shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this Section 305(a)(1) shall prohibit or render ineffective any transfer of beneficial interest to a Person who takes delivery in the form of another Security that is not a Global Security as provided in this Section 305.

Appears in 2 contracts

Samples: Indenture (Staples Inc), Indenture (Staples Inc)

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Limitation on Transfers of a Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than the U.S. Depository or a Depositary or nominee or nominees thereforthereof, and no such transfer to any such other Person may be registered; provided that this clause (1) shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this Section 305(a)(13.05(b)(ii) shall prohibit or render ineffective any transfer of a beneficial interest to a Person who takes delivery in the form of another Security that is not a Global Security as provided effected in accordance with the other provisions of this Section 3053.05(b).

Appears in 1 contract

Samples: Convertible Subordinated Notes Agreement (Rite Aid Corp)

Limitation on Transfers of a Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than a the Depositary or a nominee or nominees thereforthereof, and no such transfer to any such other Person may be registered; provided that this clause (1i) shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this Section 305(a)(13.5(b)(i) shall prohibit or render ineffective any transfer of a beneficial interest to a Person who takes delivery in the form of another Security that is not a Global Security as provided effected in accordance with the other provisions of this Section 3053.5(b).

Appears in 1 contract

Samples: Indenture (MRV Communications Inc)

Limitation on Transfers of a Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than a the U.S. Depositary or a nominee or nominees thereforthereof, and no such transfer to any such other Person may be registered; provided that this clause (1) shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture Fiscal Agency Agreement or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this Section 305(a)(13.5(b)(i) shall prohibit or render ineffective any transfer of a beneficial interest to a Person who takes delivery in the form of another Security that is not a Global Security as provided effected in accordance with the other provisions of this Section 3053.5(b).

Appears in 1 contract

Samples: Fiscal Agency Agreement (Principal Financial Group Inc)

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Limitation on Transfers of a Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than a Depositary or nominee or nominees therefor, and no such transfer to any such other Person may be registered; provided PROVIDED that this clause (1) shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this Section 305(a)(1305(b)(1) shall prohibit or render ineffective any transfer of a beneficial interest to a Person who takes delivery in the form of another Security that is not a Global Security as provided effected in accordance with the other provisions of this Section 305305(b).

Appears in 1 contract

Samples: Indenture (Staples Inc)

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