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

Temporary Regulation S Global Note or Regulation S Global Note to Certificated Note. If a Holder of a beneficial interest in a Temporary Regulation S Global Note or Regulation S Global Note wishes at any time to transfer its interest in such Temporary Regulation S Global Note or Regulation S Global Note to a Person who wishes to take delivery thereof in the form of a Certificated Note, such Holder may, subject to the rules and procedures of Euroclear and/or Clearstream, as the case may be, transfer or cause the transfer of such interest for an equivalent principal amount of one or more such Certificated Notes as described below. Upon receipt by the Purchase Money Notes Registrar of (A) instructions from Euroclear and/or Clearstream, as the case may be, directing the Paying Agent to deliver one or more such Certificated Notes, designating the registered name or names, address, payment instructions, the principal amounts of the Certificated Notes to be executed and delivered (the aggregate outstanding principal amounts of such Certificated Notes being equal to the outstanding principal amount of the Temporary Regulation S Global Note or Regulation S Global Note to be transferred), in Authorized Denominations and, (B) a certificate in the form of Exhibit C-5 hereto given by the transferee of such beneficial interest, then the Purchase Money Notes Registrar shall instruct the Depository to reduce, or cause to be reduced, the corresponding Temporary Regulation S Global Note or Regulation S Global Note by the aggregate principal amount of the beneficial interest in such Temporary Regulation S Global Note or Regulation S Global Note to be transferred and the Purchase Money Notes Registrar shall record the transfer in the Purchase Money Notes Register in accordance with Section 2.7(a) and authenticate and deliver one or more Certificated Notes registered in the names specified in the certificate described in clause

Appears in 4 contracts

Samples: Custodial and Paying Agency Agreement, Custodial and Paying Agency Agreement, Custodial and Paying Agency Agreement

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Temporary Regulation S Global Note or Regulation S Global Note to Certificated Note. If a Holder of a beneficial interest in a Temporary Regulation S Global Note or Regulation S Global Note wishes at any time to transfer its interest in such Temporary Regulation S Global Note or Regulation S Global Note to a Person who wishes to take delivery thereof in the form of a Certificated Note, such Holder may, subject to the rules and procedures of Euroclear and/or Clearstream, as the case may be, transfer or cause the transfer of such interest for an equivalent principal amount of one or more such Certificated Notes Note as described below. Upon receipt by the Purchase Money Notes Note Registrar of (A) instructions from Euroclear and/or Clearstream, as the case may be, directing the Paying Agent to deliver one or more such Certificated NotesNote, designating the registered name or names, address, payment instructions, the principal amounts of the Certificated Notes Note to be executed and delivered (the aggregate outstanding principal amounts of such Certificated Notes Note being equal to the outstanding principal amount of the Temporary Regulation S Global Note or Regulation S Global Note to be transferred), in Authorized Denominations and, (B) a certificate in the form of Exhibit C-5 hereto given by the transferee of such beneficial interest, then the Purchase Money Notes Note Registrar shall instruct the Depository to reduce, or cause to be reduced, the corresponding Temporary Regulation S Global Note or Regulation S Global Note by the aggregate principal amount of the beneficial interest in such Temporary Regulation S Global Note or Regulation S Global Note to be transferred and the Purchase Money Notes Note Registrar shall record the transfer in the Purchase Money Notes Note Register in accordance with Section 2.7(a) and authenticate and deliver one or more Certificated Notes registered in the names specified in the certificate described in clauseclause (B) above in principal amounts designated by the transferee (the aggregate of such amounts being equal to the beneficial interest in the Temporary Regulation S Global Note or Regulation S Global Notes to be transferred) and in Authorized Denominations. If a Holder of a beneficial interest in a Temporary Regulation S Global Note or Regulation S Global Note wishes at any time to exchange such interest in a Temporary Regulation S Global Note or Regulation S Global Note for one or more Certificated Notes, such Holder may exchange or cause the exchange of such interest for an equivalent beneficial interest in one or more such Certificated Notes as provided below. Upon receipt by the Purchase Money Note Registrar of (A) instructions from Euroclear and/or Clearstream, as the case may be, directing the Paying Agent to deliver one or more Certificated Notes, (B) a certificate in the form of Exhibit C-5 hereto given by the Holder of such beneficial interest and (C) written instructions from such Holder designating the registered name or names, address and payment instructions of such Holder and the principal amounts of the applicable Certificated Notes to be executed and delivered to such Holder (the aggregate outstanding principal amounts of such Certificated Notes being the same as the beneficial interest in the Temporary Regulation S Global Note or Regulation S Global Note to be exchanged), then the Purchase Money Note Registrar shall instruct the Depository to reduce the Temporary Regulation S Global Note or Regulation S Global Note by the aggregate principal amount of the beneficial interest in the Temporary Regulation S Global Note or Regulation S Global Note to be exchanged, shall record the exchange in the Purchase Money Note Register in accordance with Section 2.7(a) and authenticate and deliver one or more Certificated Notes registered as specified in the instructions described in clause (A) above, in Authorized Denominations.

Appears in 1 contract

Samples: Custodial and Paying Agency Agreement

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