Common use of Securities Issuable in the Form of a Depository Security Clause in Contracts

Securities Issuable in the Form of a Depository Security. (a) If the Issuer shall establish pursuant to Section 2.03 that the Securities of a particular Series are to be issued as a Depository Security, then the Issuer shall execute and the Trustee shall, in accordance with Section 2.04 and the order delivered to the Trustee thereunder, authenticate and deliver, a Depository Security which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such Series, (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the Trustee to the Depository or pursuant to the Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.14 OF THE INDENTURE, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR OF THE DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR.”

Appears in 2 contracts

Samples: Indenture (Whirlpool Corp /De/), Indenture (Whirlpool Finance Luxembourg S.A.R.L.)

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Securities Issuable in the Form of a Depository Security. (a) If the Issuer shall establish pursuant to Section 2.03 that the Securities of a particular Series are to be issued as a Depository Security, then the Issuer shall execute and the Trustee shall, in accordance with Section 2.04 and the order delivered to the Trustee thereunder, authenticate and deliver, a Depository Security which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such Series, (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the Trustee to the Depository or pursuant to the Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.14 OF THE INDENTURE, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR OF THE DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR.”

Appears in 1 contract

Samples: Indenture (Whirlpool Corp /De/)

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Securities Issuable in the Form of a Depository Security. (a) . (a) If the Issuer shall establish pursuant to Section 2.03 that the Securities of a particular Series are to be issued as a Depository Security, then the Issuer shall execute and the Trustee shall, in accordance with Section 2.04 and the order delivered to the Trustee thereunder, authenticate and deliver, a Depository Security which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such Series, (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the Trustee to the Depository or pursuant to the Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.14 OF THE INDENTURE, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR OF THE DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR.”

Appears in 1 contract

Samples: Indenture (Whirlpool Emea Finance S.A R.L.)

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