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

Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes. The holder of a beneficial interest in a Global Note may exchange such beneficial interest for a Definitive Note or transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note only upon satisfaction of the conditions set forth in Section 2.05(a)(i), (ii) or (iii) hereof, in which event such holder may request the Trustee to, and the Trustee shall, cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.05(f) hereof, and the Company shall execute and the Trustee shall authenticate and deliver, in both cases in accordance with Section 2.04 of the Base Indenture, to the Person designated in such request a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.05(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered.

Appears in 2 contracts

Samples: Supplemental Indenture (Seacor Holdings Inc /New/), Seacor Smit Inc

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Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes. The If any holder of a beneficial interest in a Global Note may proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note only Note, then, upon satisfaction of the conditions set forth in Section 2.05(a)(i), (ii) or (iiiSECTION 2.06(b)(II) hereof, in which event such holder may request the Trustee to, and the Trustee shall, shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.05(fSECTION 2.06(g) hereof, and the Company shall execute and the Trustee shall authenticate and deliver, in both cases in accordance with Section 2.04 of the Base Indenture, deliver to the Person designated in such request the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.05(cSECTION 2.06(c)(IV) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered.

Appears in 1 contract

Samples: Indenture (Aei Resources Inc)

Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes. The If any holder of a beneficial interest in a Global Note may proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note only Note, then, upon satisfaction the occurrence of any of the conditions set forth events in Section 2.05(a)(isubsection (i), (ii) or (iii) of Section 2.06(a) hereof and satisfaction of the conditions set forth in Section 2.06(b)(ii) hereof, in which event such holder may request the Trustee to, and the Trustee shall, shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.05(f2.06(g) hereof, and the Company Issuers shall execute and the Trustee shall authenticate and deliver, in both cases in accordance with Section 2.04 of the Base Indenture, mail to the Person designated in such request the instructions a Definitive Note in the appropriate applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.05(c2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from or through the Depositary and the Participant or Indirect Participant. The Trustee shall deliver mail such Definitive Notes to the Persons in whose names such Notes are so registered.

Appears in 1 contract

Samples: Indenture (Nationstar Sub1 LLC)

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Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes. The If any holder of a beneficial interest in a Global Note may proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note only Note, then, upon satisfaction the occurrence of any of the conditions set forth events in Section 2.05(a)(isubsection (i), (ii) or (iii) of Section 2.06(a) hereof and satisfaction of the conditions set forth in Section 2.06(b)(ii) hereof, in which event such holder may request the Trustee to, and the Trustee shall, shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.05(f2.06(h) hereof, and the Company Issuers shall execute and the Trustee shall authenticate and deliver, in both cases in accordance with Section 2.04 of the Base Indenture, mail to the Person designated in such request the instructions a Definitive Note in the appropriate applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.05(c2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from or through the Depositary and the Participant or Indirect Participant. The Trustee shall deliver mail such Definitive Notes to the Persons in whose names such Notes are so registered.

Appears in 1 contract

Samples: Indenture (Nationstar Sub2 LLC)

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