Global Preferred Security definition

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

Global Preferred Security means a Preferred Security, the ownership and transfer of which shall be made through book entries by a Clearing Agency as described herein.

Global Preferred Security has the meaning set forth in Section 7.3(a).

Examples of Global Preferred Security in a sentence

• To the extent that Preferred Securities are represented by a Global Preferred Security, the initial Depositary will make book-entry transfers among the Depositary Participants and receive and transmit payments on the Preferred Securities that are represented by a Global Preferred Security to such Depositary Participants, and none of the Depositor or the Trustees shall have any responsibility or obligation with respect thereto.

• Upon any such surrender to the Administrative Trustees or the Securities Registrar of any Global Preferred Security or Securities by the Depositary, accompanied by registration instructions, the Administrative Trustees, or any one of them, shall execute the Definitive Preferred Securities Certificates in accordance with the instructions of the Depositary.

• Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer.

• A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

• Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB/QP, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer.

More Definitions of Global Preferred Security

Global Preferred Security has the meaning set forth in Section 7.3.

Global Preferred Security has the meaning set forth in the Declaration.

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities. “Guarantee Agreement” means the Guarantee Agreement executed and delivered by the Depositor and Deutsche Bank Trust Company Americas, as guarantee trustee, contemporaneously with the execution and delivery of this Trust Agreement for the benefit of the holders of the Preferred Securities, as amended from time to time. “Holder” means a Person in whose name a Trust Security or Trust Securities are registered in the Securities Register; any such Person shall be a beneficial owner within the meaning of the Delaware Statutory Trust Act. 5

Global Preferred Security means a Restricted Global Preferred Security or a Regulation S Global Preferred Security.

Global Preferred Security means the Restricted Global Preferred Securities, the Regulation S Global Preferred Securities, the Accredited Investor Global Preferred Securities and the Unrestricted Global Preferred Securities.

Global Preferred Security. MEANS A PREFERRED SECURITIES CERTIFICATE EVIDENCING OWNERSHIP OF BOOK-ENTRY PREFERRED SECURITIES.

Global Preferred Security or "Global Preferred Securities" means a Preferred Security or Securities in the form set forth in Exhibit D attached hereto.