Common use of Unrestricted Definitive Bonds to Beneficial Interests in Unrestricted Global Bonds Clause in Contracts

Unrestricted Definitive Bonds to Beneficial Interests in Unrestricted Global Bonds. A holder of an Unrestricted Definitive Bond may exchange such Bond for a beneficial interest in an Unrestricted Global Bond or transfer such Definitive Bonds to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Bond at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Bond and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Bonds. If any such exchange or transfer from a Definitive Bond to a beneficial interest is effected pursuant to subparagraphs (2)(B), (2)(D) or (3) above at a time when an Unrestricted Global Bond has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with the Indenture, the Trustee will authenticate one or more Unrestricted Global Bonds in an aggregate principal amount equal to the principal amount of Definitive Bonds so transferred.

Appears in 2 contracts

Samples: Peoples Energy Corp, North Shore Gas Co /Il/

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Unrestricted Definitive Bonds to Beneficial Interests in Unrestricted Global Bonds. A holder Holder of an Unrestricted Definitive Bond may exchange such Bond for a beneficial interest in an Unrestricted Global Bond or transfer such Definitive Bonds to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Bond at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Bond and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Bonds. If any such exchange or transfer from a Definitive Bond to a beneficial interest is effected pursuant to subparagraphs (2)(B), (2)(D) or (3) above at a time when an Unrestricted Global Bond has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with the IndentureMortgage, the Trustee will authenticate one or more Unrestricted Global Bonds in an aggregate principal amount equal to the principal amount of Definitive Bonds so transferred.

Appears in 1 contract

Samples: Peoples Energy Corp

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Unrestricted Definitive Bonds to Beneficial Interests in Unrestricted Global Bonds. A holder Holder of an Unrestricted Definitive Bond may exchange such Bond for a beneficial interest in an Unrestricted Global Bond or transfer such Definitive Bonds to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Bond at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will shall cancel the applicable Unrestricted Definitive Bond and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Bonds. If any such exchange or transfer from a Definitive Bond to a beneficial interest is effected pursuant to subparagraphs (2)(B), (2)(Dii) or (3iii) above at a time when an Unrestricted Global Bond has not yet been issued, the Company will shall issue and, upon receipt of an Authentication Order in accordance with the IndentureSection 2.02 hereof, the Trustee will shall authenticate one or more Unrestricted Global Bonds in an aggregate principal amount equal to the principal amount of Definitive Bonds so transferred.

Appears in 1 contract

Samples: Indenture

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