Restricted Global Note to Restricted Certificated Note Sample Clauses
This clause governs the process by which a Restricted Global Note, typically a form of security held in global, electronic form, can be exchanged for a Restricted Certificated Note, which is a physical, paper-based security. It outlines the conditions under which such an exchange is permitted, such as the occurrence of certain events or the satisfaction of specific requirements by the noteholder. By providing a clear mechanism for converting between these two forms, the clause ensures flexibility for investors and addresses situations where physical certificates may be required, such as in the event of a breakdown in the global clearing system.
Restricted Global Note to Restricted Certificated Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Certificated Note with an equal principal amount, the Owner hereby certifies that the Restricted Certificated Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Certificated Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Certificated Note and in the Indenture and the Securities Act.