Common use of Restrictions on Transfer and Exchange of Global Notes Clause in Contracts

Restrictions on Transfer and Exchange of Global Notes. Notwithstanding ----------------------------------------------------- any other provisions of this Indenture, a Global Note may not be transferred as a whole except by DTC to a nominee of DTC or by a nominee of DTC to DTC or another successor of DTC or a nominee of such successor depositary. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes in accordance with the rules and procedures of DTC and the provisions of Section 2.7. All Global Notes shall be exchanged by the Company (with authentication by the Trustee) for one or more Definitive Notes, if (a) any of DTC, Euroclear and Cedel (i) has notified the Company that it is unwilling or unable to continue as a clearing agency, or (in the case of DTC) ceases to be a clearing agency registered under the Exchange Act and (ii) a successor to DTC, Euroclear or Cedel, as the case may be, that (in the case of DTC) is registered as a clearing agency under the Exchange Act, is not able to be appointed by the Company within 90 days of such notification or (b) at any time at the option of the Company. If an Event of Default occurs and is continuing, the Company shall, at the request of the Holder thereof, exchange all or part of a Global Note for one or more Definitive Notes (with authentication by the Trustee); provided, however, that the principal amount at maturity of such Definitive Notes and such Global Note after such exchange shall be $1,000 or integral multiples thereof. Whenever all of a Global Note is exchanged for one or more Definitive Notes, it shall be surrendered by the Holder thereof to the Trustee for cancellation. Whenever a part of a Global Note is exchanged for one or more Definitive Notes, the Global Note shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A of such Global Note such that the principal amount of such Global Note will be equal to the portion of such Global Note not exchanged and shall thereafter return such Global Note to such Holder. A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 2.6(b).

Appears in 2 contracts

Samples: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc)

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Restrictions on Transfer and Exchange of Global Notes. Notwithstanding ----------------------------------------------------- any other provisions of this Indenture, a Global Note may not be transferred as a whole except by DTC to a nominee of DTC or by a nominee of DTC to DTC or another successor of DTC or a nominee of such successor depositary. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes in accordance with the rules and procedures of DTC and the provisions of Section 2.7. All Global Notes shall be exchanged by the Company (with authentication by the Trustee) for one or more Definitive Notes, if (a) any of DTC, Euroclear and Cedel DTC (i) has notified the Company that it is unwilling or unable to continue as a clearing agencyas, or (in the case of DTC) ceases to be be, a clearing agency registered under the Exchange Act and (ii) a successor to DTC, Euroclear or Cedel, as the case may be, that (in the case of DTC) is DTC registered as a clearing agency under the Exchange Act, Act is not able to be appointed by the Company within 90 days of such notification or (b) at any time at the option of the Company. If an Event of Default occurs and is continuing, the Company shall, at the request of the Holder thereof, exchange all or part of a Global Note for one or more Definitive Notes (with authentication by the Trustee); provided, however, that the principal amount at maturity of such Definitive Notes and such Global Note after such exchange shall be $1,000 or integral multiples thereof. Whenever all of a Global Note is exchanged for one or more Definitive Notes, it shall be surrendered by the Holder thereof to the Trustee for cancellation. Whenever a part of a Global Note is exchanged for one or more Definitive Notes, Notes the Global Note shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A of such Global Note such that the principal amount of such Global Note will be equal to the portion of such Global Note not exchanged and shall thereafter return such Global Note to such Holder. A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 2.6(b).

Appears in 1 contract

Samples: Indenture (Versatel Telecom International N V)

Restrictions on Transfer and Exchange of Global Notes. Notwithstanding ----------------------------------------------------- any other provisions of this Indenture, transfers of a Global Note may not shall be transferred as a whole except by DTC limited to a nominee of DTC or by a nominee of DTC to DTC or another successor of DTC or a nominee transfers of such successor depositaryGlobal Note in whole, but not in part, to the relevant Depositary, its successors or their a nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes in accordance with the rules and procedures of DTC each Depositary and the provisions of Section 2.7. All Global Notes shall be exchanged by the Company (with authentication by the Trustee) for one or more Definitive Notes, if (ai) any of DTC, Euroclear and Cedel a Depositary (iA) has notified the Company that it is unwilling or unable to continue to act as a clearing agency, or (in the case of DTC) ceases to be a clearing agency registered under the Exchange Act depositary and (iiB) a successor to DTC, Euroclear or Cedel, as the case may be, that (in the case of DTC) is registered as a clearing agency under the Exchange Act, such Depositary is not able to be appointed by the Company within 90 days of such notification notification, (ii) a Depositary so requests following an Event of Default under this Indenture, (iii) Cybernet in its sole discretion determines that the Global Notes, in whole, but not in part, should be exchanged for Definitive Notes or (biv) at any time at the option beneficial owner requests such exchange in writing delivered through either Euroclear or Cedel following an Event of the CompanyDefault. If an Event of Default occurs and is continuing, the Company shall, at the request of the Holder thereof, and subject to the applicable conditions in the foregoing sentence, exchange all or part of a Global Note for one or more Definitive Notes (with authentication by the Trustee); provided, however, that the principal amount at maturity of such Definitive Notes and such Global Note after such exchange shall be $1,000 (Euro)1.00 or integral multiples thereof. Whenever all of a Global Note is exchanged for one or more Definitive Notes, it shall be surrendered by the Holder thereof to the Trustee for cancellation. Whenever a part of a Global Note is exchanged for one or more Definitive Notes, the Global Note shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A of such Global Note such that the principal amount of such Global Note will be equal to the portion of such Global Note not exchanged and shall thereafter return such Global Note to such Holder. A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 2.6(b).

Appears in 1 contract

Samples: Cybernet Internet Services International Inc

Restrictions on Transfer and Exchange of Global Notes. Notwithstanding ----------------------------------------------------- any other provisions of this Indenture, a Global Note may not be transferred as a whole except by DTC to a nominee of DTC or by a nominee of DTC to DTC or another successor of DTC or a nominee of such successor depositary. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes in accordance with the rules and procedures of DTC and the provisions of Section 2.7. All Global Notes shall be exchanged by the Company (with authentication by the Trustee) for one or more Definitive Notes, if (a) any of DTC, Euroclear and Cedel (i) has notified the Company that it is unwilling or unable to continue as a clearing agency, or (in the case of DTC) ceases to be a clearing agency registered under the Exchange Act and (ii) a successor to DTC, Euroclear or Cedel, as the case may be, that (in the case of DTC) is registered as a clearing agency under the Exchange Act, is not able to be appointed by the Company within 90 days of such notification or (b) at any time at the option of the Company. If an Event of Default occurs and is continuing, the Company shall, at the request of the Holder thereof, exchange all or part of a Global Note for one or more Definitive Notes (with authentication by the Trustee); provided, however, that the principal amount at maturity of such Definitive Notes and such Global Note after such exchange shall be $1,000 or integral multiples thereof. Whenever all of a Global Note is exchanged for one or more Definitive Notes, it shall be surrendered by the Holder thereof to the Trustee for cancellation. Whenever a part of a Global Note is exchanged for one or more Definitive Notes, Notes the Global Note shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A of such Global Note such that the principal amount of such Global Note will be equal to the portion of such Global Note not exchanged and shall thereafter return such Global Note to such Holder. A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 2.6(b).

Appears in 1 contract

Samples: Cybernet Internet Services International Inc

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Restrictions on Transfer and Exchange of Global Notes. Notwithstanding ----------------------------------------------------- any other provisions of this Indenture, a Global Note may not be transferred as a whole except by DTC to a nominee of DTC or by a nominee of DTC to DTC or another successor of DTC or a nominee of such successor depositary. Interests 35 27 of beneficial owners in the Global Notes may be transferred or exchanged for Definitive Notes in accordance with the rules and procedures of DTC and the provisions of Section 2.7. All Global Notes shall be exchanged by the Company (with authentication by the Trustee) for one or more Definitive Notes, if (a) any of DTC, Euroclear and Cedel DTC (i) has notified the Company that it is unwilling or unable to continue as a clearing agencyas, or (in the case of DTC) ceases to be be, a clearing agency registered under the Exchange Act and (ii) a successor to DTC, Euroclear or Cedel, as the case may be, that (in the case of DTC) is DTC registered as a clearing agency under the Exchange Act, Act is not able to be appointed by the Company within 90 days of such notification or (b) at any time at the option of the Company. If an Event of Default occurs and is continuing, the Company shall, at the request of the Holder thereof, exchange all or part of a Global Note for one or more Definitive Notes (with authentication by the Trustee); provided, however, that the principal amount at maturity of such Definitive Notes and such Global Note after such exchange shall be $1,000 or integral multiples thereof. Whenever all of a Global Note is exchanged for one or more Definitive Notes, it shall be surrendered by the Holder thereof to the Trustee for cancellation. Whenever a part of a Global Note is exchanged for one or more Definitive Notes, Notes the Global Note shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A of such Global Note such that the principal amount of such Global Note will be equal to the portion of such Global Note not exchanged and shall thereafter return such Global Note to such Holder. A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 2.6(b).

Appears in 1 contract

Samples: Versatel Telecom Bv

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