Common use of Regulation S Global Security to Restricted Global Security Clause in Contracts

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 41 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Pass-Through Certificates, Series 2004-13), Trust Agreement (Lehman Mortgage Trust 2006-1), Trust Agreement (Structured Asset Securities Corp Trust 2005-3)

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Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 23 contracts

Samples: Trust Agreement (Structured Asset Securities Corp), Trust Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2002-1a), Trust Agreement (Structured Asset Securities Corp)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 22 contracts

Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-2), Trust Agreement (Structured Asset Securities Corp), Trust Agreement (Structured Asset Investment Loan Trust 2005-1)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 M-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 22 contracts

Samples: Trust Agreement (Sasco 2007-Eq1), Trust Agreement (BNC CORP Mortgage Loan Trust 2007-Bnc4), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff14)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 20 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 Am1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 18 contracts

Samples: Pooling Agreement (Harborview Mortgage Loan Trust 2006-1), Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-5), Pooling Agreement (Mortgage Loan Pass-Through Certificates Series 2005-12)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 13 contracts

Samples: Trust Agreement (Structured Asset Securities Corp 2006-S1), Trust Agreement (Structured Asset Securities Corp 2005-Wf4), Trust Agreement (Structured Asset Securities Corporation, 2005-Gel4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 13 contracts

Samples: Trust Agreement (Lehman Mortgage Trust 2007-3), Trust Agreement (Lehman Mortgage Trust 2007-9), Trust Agreement (Lehman Mortgage Trust 2007-7)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 12 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Trust Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 2002), Trust Agreement (Thornburg Mortgage Sec Tr 2002-1 MRT Ln Ps THR CRT Sr 2002-1)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 E attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Security Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Security Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 12 contracts

Samples: Indenture (Rogers Communications Inc), Indenture (Rogers Communications Inc), Indenture (Rogers Communications Inc)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 11 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Harborview 2006-6), Pooling and Servicing Agreement (MortgageIT Mortgage Loan Trust 2006-1)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Note Registrar, of (IA) instructions from DTC the Depository directing the TrusteeSecurities Administrator, as Certificate Note Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderHolder’s Certificates Class N Notes held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 G-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Note Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Note Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 10 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Indenture (Renaissance Home Equity Loan Trust 2006-4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 V-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 10 contracts

Samples: Trust Agreement (Lehman XS 2007-4n), Reconstituted Servicing Agreement (Lehman XS Trust Series 2007-2n), Trust Agreement (Greenpoint Mortgage Funding Trust 2007-Ar2)

Regulation S Global Security to Restricted Global Security. If a holder Holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder Holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder Holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-7), Pooling and Servicing Agreement (HarborView 2007-7), Pooling and Servicing Agreement (HarborView 2007-6)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (IA) instructions from DTC the Depository directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar3), Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2005-Ar5), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2005-Ar4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (I) instructions from DTC directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 M-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 6 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Trust Agreement (Sasco 2006-Bc2), Trust Agreement (Sasco 2006-Bc4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 6 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Custodial Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Trustee to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, increase and (II2) a certificate in the form of Exhibit N-2 L-3 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB“qualified institutional buyer” as defined in Rule 144A under the Securities Act, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Trustee will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Trustee shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2006-7), Pooling and Servicing Agreement (Home Equity Asset Trust 2006-8), Pooling and Servicing Agreement (Home Equity Asset Trust 2007-1)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary or on behalf of DTC with the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 3.07(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 C attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 3.07(b).

Appears in 4 contracts

Samples: Indenture (A I M Management Group Inc /De/), Indenture (A I M Management Group Inc /De/), Indenture (Baytex Energy LTD)

Regulation S Global Security to Restricted Global Security. If a holder of an Owner Transferor wishes at any time to transfer a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person an Owner Transferee who wishes to take delivery thereof in the form of an a beneficial interest in a Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 305(d)(iii). Upon receipt by the Trustee, as Certificate Security Registrar, at the Corporate Trust Office of (I1) written instructions given in accordance with the Applicable Procedures from DTC the Agent Member Transferor, directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee a beneficial interest in a the Restricted Global Security in an a principal amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be so transferred (the “Regulation S Global Transferred Amount”), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor (which may but need not be an account with Euroclear or Clearstream or both) to be debited for, the Regulation S Global Amount, and (3) a certificate in substantially the form set forth in Section 312(c) given by Owner Transferor or Owner Transferee, as the case may be, the Trustee, as Certificate Security Registrar, shall instruct DTCthe Depositary for such Global Securities to reduce the principal amount of the Regulation S Global Security, concurrently with such reductionand increase the principal amount of the Restricted Global Security, by the Regulation S Global Transferred Amount, and to credit or cause to be credited to the account of the Person specified in such instructions Agent Member Transferee a beneficial interest in the Restricted Global Security equal Security, and to debit or cause to be debited to the reduction account of the Agent Member Transferor a beneficial interest in the principal amount of the Regulation S Global Security, in each case having a principal amount equal to the Regulation S Global Transferred Amount.

Appears in 4 contracts

Samples: Indenture (Amcor PLC), Amcor Finance (Amcor PLC), Amcor Finance (Amcor PLC)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Harborview 2006-8), Pooling and Servicing Agreement (Harborview 2006-7), Pooling and Servicing Agreement (Harborview 2006-9)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBQualified Institutional Buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (RBSGC 2007-A), Pooling and Servicing Agreement (HarborView 2006-13), Pooling and Servicing Agreement (RBSGC Mortgage Loan Trust 2007-B)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary or on behalf of DTC with the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 A-2 attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 2 contracts

Samples: Amc Entertainment Inc, Regal Cinemas Inc

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 O-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-6), Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 2 contracts

Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust), Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-4)

Regulation S Global Security to Restricted Global Security. If a the holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its such interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an a beneficial interest in a Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 2.7(c)(v)(D). Upon receipt by the Trustee, as Certificate Security Registrar, at the Corporate Trust Office of (I1) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited to a specified Agent Member's account a beneficial interest in a the Restricted Global Security in an amount equal to that of the beneficial interest in such the Regulation S Global Security to be exchanged but not less than so transferred, (2) a written order given in accordance with the minimum denomination applicable Applicable Procedures containing information regarding the account of the Agent Member to be credited with, and the account of the Agent Member (or, if such holder’s Certificates account is held through for Euroclear or Clearstream, the Euroclear or Clearstream account, as the case may be) to be debited for, such beneficial interest and (3) with respect to a Restricted transfer of a beneficial interest in the Regulation S Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a an appropriately completed certificate in substantially the form of Exhibit N-2 hereto set forth in or contemplated by Section 2.13(c) given by the holder of such beneficial interest and statinginterest, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Security Registrar, will shall instruct the Depository for such Securities to reduce the principal amount of the Regulation S Global Security and to increase the principal amount of the Restricted Global Security Security, by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred so transferred, and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security having a principal amount equal to the reduction in amount by which the principal amount of the Regulation S Global SecuritySecurity was reduced upon such transfer.

Appears in 2 contracts

Samples: Midamerican Energy Holdings Co /New/, Trust Indenture (Williams Companies Inc)

Regulation S Global Security to Restricted Global Security. If a holder of an Owner Transferor wishes at any time to transfer a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person an Owner Transferee who wishes to take delivery thereof in the form of an a beneficial interest in a Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 305(d)(iii). Upon receipt by the Trustee, as Certificate Security Registrar, at the Corporate Trust Office of (I1) written instructions given in accordance with the Applicable Procedures from DTC the Agent Member Transferor, directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee a beneficial interest in a the Restricted Global Security in an a principal amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be so transferred (the “Regulation S Global Transferred Amount”), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor (which must be an account with Euroclear or Clearstream or both) to be debited for, the Regulation S Global Amount, and (3) a certificate in substantially the form set forth in Section 312(c) given by Owner Transferor or Owner Transferee, as the case may be, the Trustee, as Certificate Security Registrar, shall instruct DTCthe Depositary for such Global Securities to reduce the principal amount of the Regulation S Global Security, concurrently with such reductionand increase the principal amount of the Restricted Global Security, by the Regulation S Global Transferred Amount, and to credit or cause to be credited to the account of the Person specified in such instructions Agent Member Transferee a beneficial interest in the Restricted Global Security equal Security, and to debit or cause to be debited to the reduction account of the Agent Member Transferor a beneficial interest in the principal amount of the Regulation S Global Security, in each case having a principal amount equal to the Regulation S Global Transferred Amount.

Appears in 2 contracts

Samples: Brandbev S.a r.l., Indenture (Rinker Group LTD)

Regulation S Global Security to Restricted Global Security. If a the holder of a beneficial interest in a the Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its such interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an a beneficial interest in a the Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 3.07(b)(2)(ii). Upon receipt by the Trustee, as Certificate Security Registrar, of (IA) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member directing the Trustee, as Certificate Registrar, Trustee to credit or cause to be credited to a specified Agent Member's account a beneficial interest in a the Restricted Global Security in an a principal amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred so transferred, (B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member to be credited with, and the account of the Agent Member (and, if applicable, the Euroclear or Clearstream account, as the case may be) to be debited for, such beneficial interest and (C) a Restricted Securities Certificate, substantially in the form of Annex B hereto given by the holder of such beneficial interest, the principal amount of the Restricted Global Security shall be reduced, and the principal amount of the Regulation S Global Security shall be increased, by the principal amount of the beneficial interest in the Restricted Global Security to be so transferred, in each case by means of an appropriate adjustment on the records of the Trustee, as Security Registrar, and the Trustee, as Certificate Security Registrar, shall instruct DTC, concurrently with such reduction, the U.S. Depositary or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Regulation S Global Security having a principal amount equal to the reduction in the principal amount of the Regulation S Global Securityso transferred.

Appears in 2 contracts

Samples: Indenture (Norske Skog Canada LTD), Indenture (Norske Skog Canada LTD)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 D attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Security Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Security Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 2 contracts

Samples: Indenture (Rogers Communications Inc), Registration Rights Agreement (Rogers Wireless Inc)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Common Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Security Registrar of (I1) written instructions from DTC given in accordance with the Applicable Procedures directing the Trustee, as Certificate Registrar, Security Registrar to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Common Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 E attached hereto given by the holder owner of such beneficial interest and statinginterest, among other things, that the Person transferring such interest in Security Registrar shall instruct the Common Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, Security Registrar shall instruct DTCthe Common Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 2 contracts

Samples: Indenture (Rogers Communications Inc), Rogers Wireless Inc

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Note Registrar, of (IA) instructions from DTC the Depository directing the TrusteeSecurities Administrator, as Certificate Note Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates Holder's Class N Notes held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 G-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Note Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Note Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 2 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2005-1), Renaissance Mortgage Acceptance Corp

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (I) instructions from DTC directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 O-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB“qualified institutional buyer” (as such term is defined in Rule 144A under the 1933 Act), is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (SG Mortgage Securities Trust 2006-Opt2), Pooling and Servicing Agreement (SG Mortgage Securities Trust 2006-Fre1)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 2 contracts

Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2008-1), Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-3)

Regulation S Global Security to Restricted Global Security. If a holder If, at any ---------------------------------------------------------- time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary or on behalf of DTC with the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 3.07(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 C attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 3.07(b).

Appears in 2 contracts

Samples: Indenture (Amvescap PLC/London/), Indenture (Amvescap PLC/London/)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTCxxxxxxxx XXX, concurrently with such reductionxxxxxxxxxxxx xxxx xxxx xxxxxxxxx, to credit xx xxxdit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass-THR Cert Ser 2001-14a)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (IA) instructions from DTC the Depository directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 103

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Luminent 2006-4)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Sasco 2006-S3)

Regulation S Global Security to Restricted Global Security. If a ---------------------------------------------------------- during the Restricted Period the holder of a beneficial interest in a the Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its such interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an a beneficial interest in a the Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 3.5(b)(3). Upon receipt by the Trustee, as Certificate Security Registrar, of (IA) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member directing the Trustee, as Certificate Registrar, Trustee to credit or cause to be credited to a specified Agent Member's account a beneficial interest in a the Restricted Global Security in an a principal amount equal to that of the beneficial interest in such the Regulation S Global Security to be exchanged but not less than so transferred, (B) a written order given in accordance with the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain Applicable Procedures containing information regarding the participant account with DTC of the Agent Member to be credited with such increasewith, and the account of the Agent Member (IIand, if applicable, the Euroclear or CEDEL account, as the case may be) to be debited for, such beneficial interest and (C) if the transfer is requested prior to the expiration of the Restricted Period, a certificate in substantially the form of Exhibit N-2 hereto set forth in Annex C given by the holder of such beneficial interest and statinginterest, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Security Registrar, will shall instruct the Depositary to reduce the principal amount of the Regulation S Global Security and to increase the principal amount of the Restricted Global Security Security, by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred so transferred, and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security having a principal amount equal to the reduction in amount by which the principal amount of the Regulation S Global Security, as the case may be, was reduced upon such transfer.

Appears in 1 contract

Samples: Homebase Inc

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Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary (or on behalf of DTC with the Trustee as custodian for the Depositary) wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 C attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 1 contract

Samples: Indenture (Tropical Sportswear Co Inc)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules Applicable Procedures and procedures DTConly in accordance with this Section 2.11(a)(ii), exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, at the Corporate Trust Office of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Depositary (or, if such account is held for Euroclear or Cedel, the Euroclear or Cedel account, as the case may be) to be credited with, and the account of the Depositary to be debited with, such beneficial interest and (II3) a certificate in the form of Exhibit N-2 B-2 attached hereto given by the holder owner of such beneficial interest and stating, among other thingsstating (A) if the transfer is pursuant to Rule 144A or to an Institutional Accredited Investor, that the Person person transferring such interest in such a Regulation S Global Security reasonably believes that the Person person acquiring such interest in a Restricted Global Security is a QIBQIB or an Institutional Accredited Investor, as the case may be, and is obtaining such beneficial interest (y) in a transaction meeting the requirements of Rule 144A or in a transaction exempt from the registration requirements of the Securities Act and (z) in accordance with a transaction meeting the requirements of any applicable blue sky or securities laws of any State state of the United States, (B) that the transfer (y) complies with the requirements of Rule 144 under the Securities Act or is exempt from the registration requirements of the Securities Act and (z) complies with or is exempt from any applicable blue sky or securities laws of any state of the United States or (C) if the transfer is pursuant to any other jurisdictionexemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Securities and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Company and to the Registrar, then the Trustee, as Certificate Registrar, will shall instruct the Depositary to reduce or cause to be reduced the principal amount aggregate Principal Amount of the such Regulation S Global Security and to increase or cause to be increased the principal amount aggregate Principal Amount of the applicable Restricted Global Security by the aggregate principal amount Principal Amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the principal amount aggregate Principal Amount of such Regulation S Global Security and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred.

Appears in 1 contract

Samples: Brightpoint Inc

Regulation S Global Security to Restricted Global Security. If a holder Holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder Holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder Holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBQualified Institutional Buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-10)

Regulation S Global Security to Restricted Global Security. If a holder of an Owner Transferor wishes at any time to transfer a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person an Owner Transferee who wishes to take delivery thereof in the form of an a beneficial interest in a Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 2.05(c)(ii). Upon receipt by the Indenture Trustee, as Certificate Registrar, at its designated corporate trust office of (I1) written instructions given in accordance with the Applicable Procedures from DTC the Agent Member Transferor directing the Indenture Trustee, as Certificate Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee a beneficial interest in a the Restricted Global Security in an a principal amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be so transferred (the "Regulation S Global Transferred Amount"), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor (which must be an account with Euroclear or Cedel or both) to be debited for, the Regulation S Global Amount, and (3) a certificate in substantially the form set forth in Section 2.08(b) given by the Owner Transferor or Owner Transferee, as the case may be, the Indenture Trustee, as Certificate Registrar, shall instruct DTCthe Depository for such Global Securities to reduce the principal amount of the Regulation S Global Security, concurrently with such reductionand increase the principal amount of the Restricted Global Security, by the Regulation S Global Transferred Amount, and to credit or cause to be credited to the account of the Person specified in such instructions Agent Member Transferee a beneficial interest in the Restricted Global Security equal Security, and to debit or cause to be debited to the reduction account of the Agent Member Transferor a beneficial interest in the principal amount of the Regulation S Global Security, in each case having a principal amount equal to the Regulation S Global Transferred Amount.

Appears in 1 contract

Samples: Terms Supplement (Student Loan Funding LLC)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 U-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Lehman XS Trust Series 2006-12n)

Regulation S Global Security to Restricted Global Security. If a holder If, ---------------------------------------------------------- at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules Applicable Procedures and procedures DTConly in accordance with this Section 2.11(a)(ii), exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, at the Corporate Trust Office, of (I1) written instructions from DTC the Depositary, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Deposi -tary to be credited with, and the account of the Depositary (or, if such account is held for Euroclear or Cedel, the Euroclear or Cedel account, as the case may be) to be debited with, such beneficial interest and (II3) a certificate in the form of Exhibit N-2 B-2 attached hereto given by the holder owner of such beneficial interest and stating, among other thingsstating (A) if the transfer is pursuant to Rule 144A, that the Person person transferring such interest in such a Regulation S Global Security reasonably believes that the Person person acquiring such interest in a Restricted Re stricted Global Security either is a QIBQIB or an institutional "Accredited Investor" within the meaning of subparagraph (A)(1), (2), (3) or (7) of Rule 401 under the Securities Act that is acquiring the security for investment purposes and not with a view to, or for offer or sale in connection with any distribution and that the person is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable blue sky or securities laws of any State state of the United States, (B) that the transfer complies with the requirements of Rule 144 under the Securities Act and any applicable blue sky or securities laws of any state of the United States or (C) if the transfer is pursuant to any other jurisdictionexemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the global Securities and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Company and to the Registrar; provided, however, -------- ------- that any Regulation S temporary Global Security may only be transferred to a Restricted Global Security pursuant to Section 3(A) above, then the Trustee, as Certificate Registrar, will shall instruct the Depositary to reduce or cause to be reduced the aggregate principal amount at maturity of the such Regulation S Global Security and to increase or cause to be increased the aggregate principal amount at maturity of the applicable Restricted Global Security by the aggregate principal amount at maturity of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount at maturity of such Regulation S Global Security and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Back Ps THR Cert Ser 2003-3xs)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary or on behalf of DTC with the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 10(e)(ii). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Security Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to 16 be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Distribution Compliance Period, a certificate in the form of Exhibit N-2 B attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, as Security Registrar, that shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Security Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Distribution Compliance Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 10(e)(ii).

Appears in 1 contract

Samples: Shurgard Storage Centers Inc

Regulation S Global Security to Restricted Global Security. If a holder Holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder Holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder Holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 133

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-5)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCthe Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Indenture Trustee, as Certificate Note Registrar, of (IA) instructions from DTC the Depository directing the Indenture Trustee, as Certificate Note Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderHolder’s Certificates Notes held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 C-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Indenture Trustee, as Certificate Note Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Indenture Trustee, as Certificate Note Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: BLG Securities Company, LLC

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 105

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-Sb1)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 307(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) written instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 E attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 307(b).

Appears in 1 contract

Samples: Indenture (Rogers Communications Inc)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Banccap Asset Securization Issuance Corp)

Regulation S Global Security to Restricted Global Security. If a the holder of a beneficial interest in a the Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its such interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an a beneficial interest in a the Restricted Global Security, such holder maytransfer may be effected, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest only in a Restricted Global Securityaccordance with this Section 3.07(b)(2)(ii). Upon receipt by the Trustee, as Certificate Registrar, Security Registrar of (IA) written instructions given in accordance with the Applicable Procedures from any DTC Agent Member directing the Trustee, as Certificate Registrar, Security Registrar to credit or cause to be credited to a specified DTC Agent Member’s account a beneficial interest in a the Restricted Global Security in an a principal amount equal to that of the beneficial interest in such the Regulation S Global Security to be exchanged but not less than so transferred, (B) a written order given in accordance with the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain Applicable Procedures containing information regarding the participant account with of the DTC Agent Member to be credited with such increasewith, and the account of the DTC Agent Member (IIand, if applicable, the Euroclear or Clearstream account, as the case may be) to be debited for, such beneficial interest and (C) a certificate Restricted Securities Certificate, substantially in the form of Exhibit N-2 Annex B hereto given by the holder of such beneficial interest and statinginterest, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that principal amount of the Person acquiring such interest in a Restricted Global Security is a QIBshall be increased, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security shall be reduced, by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred so transferred, in each case by means of an appropriate adjustment on the records of the Security Registrar, and the Trustee, as Certificate Registrar, U.S. Depositary or its authorized representative shall instruct DTC, concurrently with such reduction, make a corresponding adjustment to its records and credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security having a principal amount equal to the reduction in the principal amount of the Regulation S Global Securityso transferred.

Appears in 1 contract

Samples: Satisfaction and Discharge (Catalyst Paper Corp)

Regulation S Global Security to Restricted Global Security. If a holder If, at any time, an owner of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules Applicable Procedures and procedures DTConly in accordance with this Section 2.12(a)(ii), exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, at the Corporate Trust Office of (I1) written instructions from DTC the Depositary, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Depositary to be credited with, and the account of the Depositary (or, if such account is held for Euroclear or Cedel, the Euroclear or Cedel account, as the case may be) to be debited with, such beneficial interest and (II3) a certificate in the form of Exhibit N-2 hereto B-2 attached hereto, upon which the Trustee may conclusively rely, given by the holder owner of such beneficial interest and stating, among other thingsstating (A) if the transfer is pursuant to Rule 144A, that the Person person transferring such interest in such a Regulation S Global Security reasonably believes that the Person person acquiring such interest in a Restricted Global Security is a QIB, QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable blue sky or securities laws of any State state of the United States, (B) that the transfer complies with the requirements of Rule 144 under the Securities Act and any applicable blue sky or securities laws of any state of the United States or (C) if the transfer is pursuant to any other jurisdiction, then exemption from the Trustee, as Certificate Registrar, will reduce the principal amount registration requirements of the Regulation S Global Security and increase Securities Act, that the principal amount transfer of such interest has been made in compliance with the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited transfer restrictions applicable to the account of the Person specified global Securities and pursuant to and in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.accordance with the

Appears in 1 contract

Samples: Einstein Noah Bagel Corp

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 106

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-11)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (I) instructions from DTC directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Lehman Mortgage Trust 2007-10)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, Registrar of (IA) instructions from DTC the Depository directing the Trustee, as Certificate Registrar, Registrar to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 J-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, Registrar will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, Registrar shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 133

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dsla 2006-Ar2)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (I) instructions from DTC directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pa Th Cert Ser 2001-8a)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (I) instructions from DTC directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Thornburg Mortgage Securities Trust 2005-3)

Regulation S Global Security to Restricted Global Security. If a holder If, at ---------------------------------------------------------- any time, an owner of a beneficial interest in a Regulation S Global Security deposited with the Depositary or on behalf of DTC with the Trustee as custodian for the Depositary wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such holder mayowner shall, subject to the rules and procedures DTCApplicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, as provided in this Section 3.07(b). Upon receipt by the Trustee, as Certificate Registrar, Trustee of (I1) instructions given in accordance with the Applicable Procedures from DTC an Agent Member, directing the Trustee, as Certificate Registrar, to credit or cause to be credited a beneficial interest in a the Restricted Global Security in an amount equal to the beneficial interest in such the Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account with DTC of the Depositary to be credited with such increase, increase and (II3) if such transfer is requested prior to the expiration of the Restricted Period, a certificate in the form of Exhibit N-2 C attached hereto given by the holder owner of such beneficial interest and statinginterest, among other thingsthe Trustee, that as Registrar, shall instruct the Person transferring such interest in Depositary to reduce or cause to be reduced the aggregate principal amount of such Regulation S Global Security reasonably believes that and to increase or cause to be increased the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the aggregate principal amount of the Regulation S Global Security and increase the principal amount of the applicable Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred exchanged, and the Trustee, as Certificate Registrar, shall instruct DTCthe Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the applicable Restricted Global Security equal to the reduction in the aggregate principal amount of such Regulation S Global Security and to debit or cause to be debited from the account of the Person making such transfer the beneficial interest in the Regulation S Global SecuritySecurity that is being transferred. After the expiration of the Restricted Period, the certificate described in clause (3) above shall no longer be required to effect transfers pursuant to this Section 3.07(b).

Appears in 1 contract

Samples: Indenture (Amvescap PLC/London/)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s 's Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 O-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

Appears in 1 contract

Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-3)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC the Depository wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTCof the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the TrusteeSecurities Administrator, as Certificate Registrar, of (IA) instructions from DTC the Depository directing the TrusteeSecurities Administrator, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holderCertificateholder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC the Depository to be credited with such increase, and (IIB) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIBqualified institutional buyer within the meaning of Rule 144A, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the TrusteeSecurities Administrator, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the TrusteeSecurities Administrator, as Certificate Registrar, shall instruct DTCthe Depository, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 105

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Luminent Mortgage Trust 2006-2)

Regulation S Global Security to Restricted Global Security. If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 L-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A under the Securities Act and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.. 77

Appears in 1 contract

Samples: Trust Agreement (Lehman XS Trust 2007-11)

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