Examples of Foreign Exchange Mode in a sentence
With respect to any class of Reset Rate Notes that is either in Foreign Exchange Mode during the then-current Reset Period or will be reset into Foreign Exchange Mode on the immediately following Reset Date, all related Reset Rate Noteholders will be deemed to have tendered their Notes on the related Reset Date, regardless of any desire by such Reset Rate Noteholders to retain their ownership thereof, and no All Hold Rate will be applicable.
In addition, if a class of Reset Rate Notes are in Foreign Exchange Mode at the time a Failed Remarketing is declared, the provisions of Sections 10(a)(i) and (ii) shall also apply.
With respect to the Reset Rate Notes that are either in Foreign Exchange Mode during the then-current Reset Period or will be reset into Foreign Exchange Mode on the immediately following Reset Date, all Reset Rate Noteholders will be deemed to have tendered their Notes on the Reset Date, regardless of any desire by such Reset Rate Noteholders to retain their ownership thereof, and no All Hold Rate will be applicable.
During any Reset Period when the Reset Rate Notes are denominated in a non-U.S. Dollar currency, any Transfer of Reset Rate Notes made in violation of Section 2.1 of the Indenture whereby a beneficial interest in either of the related Non-U.S. Global Note Certificates is Transferred to any related U.S. Global Note Certificate, or vice versa (other than on a Reset Date where such class is being reset from being denominated in Foreign Exchange Mode, to U.S. Dollars), shall be null and void and of no effect.
During any Reset Period when the Reset Rate Notes are denominated in a non-U.S. Dollar currency, any Transfer of Reset Rate Notes made in violation of Section 2.1 of the Indenture whereby a beneficial interest in either of the Non-U.S. Global Note Certificates is Transferred to any related U.S. Global Note Certificate, or vice versa (other than on a Reset Date where such class is being reset from being denominated in Foreign Exchange Mode, to U.S. Dollars), shall be null and void and of no effect.
In addition, if the Reset Rates Notes are in Foreign Exchange Mode at the time a Failed Remarketing is declared, the provisions of Sections 10(a)(i) and (ii) shall also apply.
When the Reset Rate Notes are either in Foreign Exchange Mode during the then-current Reset Period or will be reset into Foreign Exchange Mode on the immediately following Reset Date, all Reset Rate Noteholders will be deemed to have tendered their Notes on the related Reset Date, regardless of any desire by such Reset Rate Noteholders to retain their ownership thereof, and no All Hold Rate will be applicable.
With respect to Notes registered in the Note Register in the name of Cede & Co., as nominee of the Securities Depository, the Issuer and the Trustee (and the Foreign Paying Agent with respect to a class of the Notes which is in a Foreign Exchange Mode) shall have no responsibility or obligation to Direct or Indirect Participants or beneficial owners for which the Securities Depository holds Notes from time to time as a Securities Depository.
In addition, if such Series 2006-1 Reset Rate Notes are in a Foreign Exchange Mode at the time a Failed Remarketing is declared, the provisions of Sections 2.09(a)(i) and (ii) shall also apply.
Non-Financial PenaltiesOther penalties may be assessed accordingly to suit the violations of the Chapter.