Common use of Restricted Global Note to Temporary Regulation S Global Note Clause in Contracts

Restricted Global Note to Temporary Regulation S Global Note. If the holder of a beneficial interest in the Restricted Global Note wishes at any time to transfer such interest to a person who wishes to take delivery thereof in the form of a beneficial interest in the Temporary Regulation S Global Note, such transfer may be effected, subject to the rules and procedures of the U.S. Depositary, Euroclear and Clearstream Banking, in each case to the extent applicable (the “Applicable Procedures”), only in accordance with the provisions of this Section 6(c)(ii). Upon receipt by the Fiscal Agent, as Transfer Agent, at its office in The City of New York of (1) written instructions given in accordance with the Applicable Procedures from an Agent Member directing the Fiscal Agent to credit or cause to be credited to a specified Agent Member’s account a beneficial interest in the Temporary Regulation S Global Note in a principal amount equal to that of the beneficial interest in the Restricted Global Note to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member (and the Euroclear or Clearstream Banking account, as the case may be) to be credited with, and the account of the Agent Member to be debited for, such beneficial interest and (3) a certificate in substantially the form of Exhibit D attached hereto given by the holder of such beneficial interest, the Fiscal Agent, as Transfer Agent, shall instruct the U.S. Depositary to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Temporary Regulation S Global Note, by the principal amount of the beneficial interest in the Restricted Global Note to be so transferred, and to credit or cause to be credited to the account of the person specified in such instructions (which shall be the Agent Member for Euroclear or Clearstream Banking or both, as the case may be) a beneficial interest in the Temporary Regulation S Global Note having a principal amount equal to the amount by which the principal amount of the Restricted Global Note was reduced upon such transfer.

Appears in 4 contracts

Samples: Fiscal Agency Agreement, Junior Note Fiscal Agency Agreement (Ambac Financial Group Inc), Fiscal Agency Agreement (Ambac Financial Group Inc)

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Restricted Global Note to Temporary Regulation S Global Note. If the holder of a beneficial interest in the any Restricted Global Note wishes at any time to transfer such interest to a person Person who wishes to take delivery thereof in the form of a beneficial interest in the Temporary Regulation S Global NoteNote of the same series, such transfer may be effected, subject to the rules and procedures of the U.S. Depositary, Euroclear and Clearstream BankingClearstream, in each case to the extent applicable (the “Applicable Procedures”)) and, only in accordance with the provisions of this Section 6(c)(ii3.07(2)(a). Upon receipt by the Fiscal AgentTrustee, as Transfer AgentNotes Registrar, at its office in The City of New York of (1) written instructions given in accordance with the Table of Contents Applicable Procedures from an Agent Member directing the Fiscal Agent Trustee to credit or cause to be credited to the account of a specified Agent Member’s account Member (which shall be the Agent Member for Euroclear or Clearstream or both, as the case may be) a beneficial interest in the such Temporary Regulation S Global Note in a principal amount equal to that of the beneficial interest in the such Restricted Global Note of the same series to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member (and the Euroclear or Clearstream Banking account, as the case may be) to be credited with, and the account of the Agent Member to be debited for, such beneficial interest and (3) a certificate in substantially the form of set forth in Exhibit D attached hereto C-1 given by the holder of such beneficial interest, the Fiscal AgentTrustee, as Transfer AgentNotes Registrar, shall instruct the U.S. Depositary to reduce the principal amount Initial Principal Amount of the such Restricted Global Note, and to increase the principal amount Initial Principal Amount of the such Temporary Regulation S Global Note, by the principal amount of the beneficial interest in the such Restricted Global Note to be so transferred, and to credit or cause to be credited to the account of the person Person specified in such instructions (which shall be the Agent Member for Euroclear or Clearstream Banking or both, as the case may be) a beneficial interest in the such Temporary Regulation S Global Note having a principal amount equal to the amount by which the principal amount Initial Principal Amount of the such Restricted Global Note was reduced upon such transfer.

Appears in 1 contract

Samples: Mony Group Inc

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Restricted Global Note to Temporary Regulation S Global Note. If the holder of a beneficial interest in the any Restricted Global Note wishes at any time to transfer such interest to a person Person who wishes to take delivery thereof in the form of a beneficial interest in the Temporary Regulation S Global NoteNote of the same series, such transfer may be effected, subject to the rules and procedures of the U.S. Depositary, Euroclear and Clearstream BankingClearstream, in each case to the extent applicable (the "Applicable Procedures”)") and, only in accordance with the provisions of this Section 6(c)(ii3.07(2)(a). Upon receipt by the Fiscal AgentTrustee, as Transfer AgentNotes Registrar, at its office in The City of New York of (1) written instructions given in accordance with the Applicable Procedures from an Agent Member directing the Fiscal Agent Trustee to credit or cause to be credited to the account of a specified Agent Member’s account Member (which shall be the Agent Member for Euroclear or Clearstream or both, as the case may be) a beneficial interest in the such Temporary Regulation S Global Note in a principal amount equal to that of the beneficial interest in the such Restricted Global Note of the same series to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member (and the Euroclear or Clearstream Banking account, as the case may be) to be credited with, and the account of the Agent Member to be debited for, such beneficial interest and (3) a certificate in substantially the form of set forth in Exhibit D attached hereto C-1 given by the holder of such beneficial interest, the Fiscal AgentTrustee, as Transfer AgentNotes Registrar, shall instruct the U.S. Depositary to reduce the principal amount Initial Principal Amount of the such Restricted Global Note, and to increase the principal amount Initial Principal Amount of the such Temporary Regulation S Global Note, by the principal amount of the beneficial interest in the such Restricted Global Note to be so transferred, and to credit or cause to be credited to the account of the person Person specified in such instructions (which shall be the Agent Member for Euroclear or Clearstream Banking or both, as the case may be) a beneficial interest in the such Temporary Regulation S Global Note having a principal amount equal to the amount by which the principal amount Initial Principal Amount of the such Restricted Global Note was reduced upon such transfer.

Appears in 1 contract

Samples: Indenture (Mony Holdings LLC)

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