Common use of Transfer or Exchange of Beneficial Interests for Definitive Securities Clause in Contracts

Transfer or Exchange of Beneficial Interests for Definitive Securities. If any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(7) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(3) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the participant or indirect participant. The Trustee will deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Enable Midstream Partners, LP), Third Supplemental Indenture (Enable Midstream Partners, LP), Second Supplemental Indenture (Enable Midstream Partners, LP)

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Transfer or Exchange of Beneficial Interests for Definitive Securities. If any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(22.06(b) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(72.06(g) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(32.06(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the participant Participant or indirect participantIndirect Participant. The Trustee will deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

Appears in 2 contracts

Samples: Amended First Supplemental Indenture (Key Energy Services Inc), First Supplemental Indenture (Key Energy Services Inc)

Transfer or Exchange of Beneficial Interests for Definitive Securities. If any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(22.6(b)(ii) hereof, the Trustee will shall cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(72.6(b) hereof, and the Company will shall execute and the Trustee will shall authenticate and mail or deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(32.6(c) will shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests shall instruct the Registrar through instructions to the Registrar from or through the Depositary and the participant Participant or indirect participantIndirect Participant. The Trustee will shall mail or deliver such Definitive Securities to the Persons in whose names such Second Priority Securities are so registered.

Appears in 1 contract

Samples: Indenture (Satelites Mexicanos Sa De Cv)

Transfer or Exchange of Beneficial Interests for Definitive Securities. If any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(72.05(h) hereof, and the Company Issuer will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(32.05(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Security Registrar from or through the Depositary and the participant Participant or indirect participantIndirect Participant. The Trustee will deliver such Definitive Securities Security to the Persons in whose names such Securities are so registered.

Appears in 1 contract

Samples: Indenture (Lepercq Corporate Income Fund L P)

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Transfer or Exchange of Beneficial Interests for Definitive Securities. If any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(22.6.2(b) hereof, the Trustee will shall cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(7) 2.6.8 hereof, and the Company will shall execute and the Trustee will shall authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(3) will 2.6.3 shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests shall instruct the Registrar through instructions to the Registrar from or through the Depositary and the participant Participant or indirect participantIndirect Participant. The Trustee will shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

Appears in 1 contract

Samples: Indenture (Danaher Corp /De/)

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