Common use of Transfers of the Clause in Contracts

Transfers of the. Global Note shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interest of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary and the provisions of Section 2.17. In addition, Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the Global Note and a successor depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary to issue Physical Securities.

Appears in 2 contracts

Samples: Indenture (Capstar Hotel Co), Indenture (Meristar Hospitality Corp)

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Transfers of the. Global Note Notes shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note Notes may be transferred or or, subject to Section 2.1, exchanged for Physical Securities Notes in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.17. In addition, Physical Securities Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note Notes if (i) the Depositary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for the Global Note Notes and a successor depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository to issue Physical SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Eye Care Centers of America Inc)

Transfers of the. Global Note shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities Notes in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.17. In addition, Physical Securities Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for the Global Note and a successor depositary Depository is not appointed by the Company within 90 days of such notice or (ii) an there shall have occurred and be continuing a Default or Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary to issue Physical SecuritiesDefault.

Appears in 1 contract

Samples: Indenture (Management Solutins Inc/)

Transfers of the. Global Note shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities Notes in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.17. In addition, Physical Securities Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary Depository notifies the Company that it is unwilling 50 -42- or unable to continue as Depositary Depository for the Global Note and a successor depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository to issue Physical SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Gaylord Container Corp /De/)

Transfers of the. Global Note shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities Notes in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.172.15. In addition, Physical Securities Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for the Global Note and a successor depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository to issue Physical SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Coinmach Laundry Corp)

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Transfers of the. Global Note shall be limited to transfers of such Global Note in whole, but not in part, to the Depositary, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary and the provisions of Section 2.172.11. In addition, Physical Securities Notes shall be transferred issued to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary Company notifies the Company Trustee in writing that it the Depositary is at any time unwilling or unable to continue as Depositary a depository for the Global Note and a successor depositary depository is not appointed by the Company within 90 days of such notice or (ii) an Event the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of Default has occurred and is continuing and the Registrar has received a written request from the Depositary to issue Physical SecuritiesNotes in definitive form under this Indenture.

Appears in 1 contract

Samples: Indenture (Rose Hills Co)

Transfers of the. Global Note shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interest Interests of beneficial owners in the Global Note may be transferred or exchanged for Physical Securities Notes in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.17. In addition, Physical Securities Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note if (i) the Depositary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for the Global Note 50 -41- and a successor depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository to issue Physical SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Gaylord Container Corp /De/)

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