Common use of Non-Global Security to Global Security Clause in Contracts

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 6 contracts

Samples: Junior Subordinated Indenture (Highlands Capital Trust I), Junior Subordinated Indenture (Guaranty Capital Trust I), Junior Subordinated Indenture (Southern Financial Capital Trust I)

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Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(ib)(1) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Security Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Security Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Security Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 5 contracts

Samples: Indenture (Carriage Services Inc), Indenture (Calpine Capital Trust), Indenture (Budget Group Inc)

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause Clause (b)(i) and subject to the rules and procedures of the DepositaryApplicable Procedures. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a3.6(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) if the Security to be transferred in whole or in part is a Restricted Security, a Restricted Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the any untransferred portion thereof) as provided in Section 3.06(a3.6(a) and increase the aggregate principal amount of the Global Security by the specified principal amount so transferred as provided as provided in Section 3.05(c3.5(c).

Appears in 3 contracts

Samples: Junior Subordinated Indenture (First Hawaiian Capital I), Junior Subordinated Indenture (Centura Banks Inc), Junior Subordinated Indenture (Colonial Bancgroup Inc)

Non-Global Security to Global Security. If if the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, the registration of such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Usb Holding Co Inc), Junior Subordinated Indenture (Usb Holding Co Inc)

Non-Global Security to Global Security. If the Holder of a -------------------------------------- Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a3.06 (a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a3.06 (a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Commonwealth Bankshares Inc), Junior Subordinated Indenture (Commonwealth Bankshares Inc)

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(ib)(1) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Security Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Security Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate the assignment form attached to the Security duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Security Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 1 contract

Samples: Indenture (Continental Airlines Inc /De/)

Non-Global Security to Global Security. If the Holder of a Security Debenture (other than a the Global Security) wishes at any time to transfer all or any portion of such Security Debenture to a Person who wishes to take delivery thereof in the form of a beneficial interest in a the Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the rules and procedures of the Depositary. as follows: Upon receipt by the Securities Debenture Registrar of (A1) such Security as provided in Section 3.06(a) Debenture and instructions satisfactory to the Securities Debenture Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security Debenture to be credited to a specified Agent MemberHolder's account and with the Depositary, (B2) a Securities Certificate the non-global Debenture duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Debenture Registrar shall cancel such Security Debenture (and issue a new Security Debenture in respect of the any untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount amount, and (3) a certification substantially similar to that attached hereto as provided in Section 3.05(c).Exhibit A.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Vib Corp)

Non-Global Security to Global Security. If the Holder of a --------------------------------------- Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(i) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 1 contract

Samples: Junior Subordinated Indenture (Central Fidelity Capital Trust I)

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Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause Clause (b)(i) and subject to the rules and procedures of the DepositaryApplicable Procedures. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a3.6(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) if the Security to be transferred in whole or in part is a Restricted Security, a Restricted Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the any untransferred portion thereof) as provided in Section 3.06(a3.6(a) and increase the aggregate principal amount of the Global Security by the specified principal amount so transferred as provided in Section 3.05(c3.5(c).

Appears in 1 contract

Samples: Securities Purchase Agreement (DPL Inc)

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause Clause (b)(i) and subject to the rules and procedures of the DepositaryApplicable Procedures. Upon receipt by the Securities Registrar of (A) such Security as provided in Section 3.06(a3.6(a) and instructions satisfactory to the Securities Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) if the Security to be transferred is a Restricted Security, a Restricted Securities Certificate duly executed by such Holder or such Holder's his attorney duly authorized in writing, then the Securities Registrar shall cancel such Security (and issue a new Security in respect of the any untransferred portion thereof) as provided in Section 3.06(a3.6(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c3.5(c).

Appears in 1 contract

Samples: Indenture (Keycorp Institutional Capital A)

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(ib)(1) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Security Registrar of (A) such Security as provided in Section 3.06(a) and instructions satisfactory to the Securities Security Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (B) a Securities Certificate such Security duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Security Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c).

Appears in 1 contract

Samples: Indenture (Calpine Corp)

Non-Global Security to Global Security. If the Holder of a Security (other than a Global Security) wishes at any time to transfer all or any portion of such Security to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Global Security, such transfer may be effected only in accordance with the provisions of this clause (b)(i2)(A) and subject to the rules and procedures of the Depositary. Upon receipt by the Securities Security Registrar of (Ai) such Security as provided in Section 3.06(a3.06(1) and instructions satisfactory to the Securities Security Registrar directing that a beneficial interest in the Global Security in a specified principal amount not greater than the principal amount of such Security be credited to a specified Agent Member's account and (Bii) a Securities Certificate duly executed by such Holder or such Holder's attorney duly authorized in writing, then the Securities Security Registrar shall cancel such Security (and issue a new Security in respect of the untransferred portion thereof) as provided in Section 3.06(a3.06(1) and increase the aggregate principal amount of the Global Security by the specified principal amount as provided in Section 3.05(c3.05(3).

Appears in 1 contract

Samples: Indenture (Titan Corp)

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