The Global Security Sample Clauses
The Global Security. So long as this Global Security is registered in the name of the Depositary or its nominee, members of, or participants in, the Depositary ("Agent Members") shall have no rights under the Indenture with respect to this Global Security held on their behalf by the Depositary or the Trustee as its custodian, and the Depositary may be treated by the Company, the Guarantors, the Trustee and any agent of the Company, the Guarantors or the Trustee as the absolute owner of this Global Security for all purposes. Notwithstanding the foregoing, nothing herein shall (i) prevent the Company, the Guarantors, the Trustee or any agent of the Company, the Guarantors or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or (ii) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of Securities. The Holder of this Global Security may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests in this Global Security through Agent Members, to take any action which a Holder of Securities is entitled to take under the Indenture or the Securities. Whenever, as a result of an optional redemption of Securities by the Company, a Change of Control Offer, an Asset Sale Offer or an exchange for Certificated Securities, this Global Security is redeemed, repurchased or exchanged or substituted in part, this Global Security shall be surrendered by the Holder thereof to the Trustee who shall cause an adjustment to be made to Schedule A hereof so that the principal amount of this Global Security will be equal to the portion not redeemed, repurchased or exchanged and shall thereafter return this Global Security to such Holder; provided that this Global Security shall be in a principal amount at Stated Maturity of $1,000 or an integral multiple of $1,000.
The Global Security. (i) is a direct unsecured obligation of the Province; (ii) as among the other Securities, ranks pari passu and is payable without any preference or priority; and (iii) ranks equally with all of the Province’s other unsecured and unsubordinated indebtedness and obligations from time to time outstanding;
The Global Security. (a) The Global Security authenticated under this Indenture shall be deposited with a custodian for and registered in the name of Cede & Co., as nominee of DTC. Pursuant to the terms of the agreement to be entered into between DTC and the Company (the "DTC AGREEMENT"), DTC will operate a book-entry system for the securities registered in its name or the name of its nominee. The Global Security shall constitute a single Security for all purposes of this Indenture.