Common use of Non-Permitted Holders Clause in Contracts

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere herein, any transfer of a beneficial interest in any Notes to a U.S. Person that is not a QIB/QP shall be null and void and any such purported transfer of which the Issuer or the Trustee shall have notice may be disregarded by the Issuer and the Trustee for all purposes. In addition, the acquisition of Secured Notes by a Non-Permitted Holder under Section 2.12(a) shall be null and void ab initio. If (i) any U.S. Person that is not a QIB/QP shall become the Holder beneficial owner of an interest in any Note (other than a Regulation S Global Note), (ii) any U.S. person shall become the Holder or beneficial owner of an interest in any of a Regulation S Global Note or (iii) any person that is not a Qualified Purchaser shall become the holder or beneficial owner of an interest in any Regulation S Global Note (any such Person a “Non-Permitted Holder”), the acquisition of Notes by such Holder shall be null and void ab initio.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere herein, any transfer of a beneficial interest in any Notes Debt to a U.S. Person that is not a QIB/QP shall be null and void and any such purported transfer of which the Issuer or the Collateral Trustee shall have notice may be disregarded by the Issuer and the Collateral Trustee for all purposes. In addition, the acquisition of Secured Notes Debt by a Non-Permitted Holder under Section 2.12(a) shall be null and void ab initio. If (i) any U.S. Person that is not a QIB/QP shall become the Holder beneficial owner of an interest in any Note (other than a Regulation S Global Note), (ii) any U.S. person shall become the Holder or beneficial owner of an interest in any of a Regulation S Global Note or (iii) any person that is not a Qualified Purchaser shall become the holder or beneficial owner of an interest in any Regulation S Global Note (any such Person a “Non-Permitted Holder”), the acquisition of Notes Debt by such Holder shall be null and void ab initio.

Non-Permitted Holders. (a) Notwithstanding IfNotwithstanding anything to the contrary elsewhere herein, any transfer of a beneficial interest in any Notes to a U.S. Person that is not a QIB/QP shall be null and void and any such purported transfer of which the Issuer or the Trustee shall have notice may be disregarded by the Issuer and the Trustee for all purposes. In addition, the acquisition of Secured Notes by a Non-Permitted Holder under Section 2.12(a) shall be null and void ab initio. If (i) any U.S. Person that is not a QIB/QP shall become the Holder or beneficial owner of an interest in any Note (other than a Regulation S Global Note)) or, (ii) any U.S. person Pperson shall become the Holder or beneficial owner of an interest in any of a Regulation S Global Note or (iii) any person that is not a Qualified Purchaser shall become the holder or beneficial owner of an interest in any Regulation S Global Note (any such Person a “Non-Permitted Holder”), the acquisition of Notes by such Holder shall be null and void ab initio.