Common use of Transfer and Exchange of Global Units Clause in Contracts

Transfer and Exchange of Global Units. A Global Unit may not be transferred as a whole except by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or to another nominee of the Depository, or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. Global Units may be exchanged by the Issuers for Definitive Units if:

Appears in 3 contracts

Samples: 2019 Notes Unit Agreement (Dynegy Inc.), 2024 Notes Unit Agreement (Dynegy Inc.), 2022 Notes Unit Agreement (Dynegy Inc.)

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Transfer and Exchange of Global Units. A Global Unit may not be transferred except as a whole except by the Depository Depositary to a nominee of the DepositoryDepositary, by a nominee of the Depository Depositary to the Depository Depositary or to another nominee of the DepositoryDepositary, or by the Depository Depositary or any such nominee to a successor Depository Depositary or a nominee of such successor DepositoryDepositary. All Global Units may shall be exchanged by the Issuers for Definitive Units ifonly in the following limited circumstances:

Appears in 1 contract

Samples: Indenture (Niska Gas Storage Partners LLC)

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