Examples of Permanent Global Bearer Security in a sentence
Upon any such exchange of a portion of the Temporary Global Bearer Security for Bearer Securities or the Permanent Global Bearer Security, the Temporary Global Bearer Security shall be endorsed to reflect the reduction of the principal amount evidenced thereby.
A holder of co-ownership rights in respect of the Capital Securities will be referred to hereinafter as a “Holder” or a “holder of a Security”.Unless the applicable Final Terms specify that the Permanent Global Bearer Security will be exchangeable upon notice, the right to demand delivery (uitlevering) under the Dutch Securities Giro Transfer Act is excluded.
Except for the circumstances set forth in clauses (i), (ii) and (iii) above, beneficial interests in a Permanent Global Bearer Security shall not be exchangeable for definitive Securities.
The Trustee will request the Paying Agent to make the appropriate adjustments in the Permanent Global Bearer Security to reflect any such issues or adjustments.
On or before the 60th day after the occurrence of one or more of the events described below, Securities represented by a Permanent Global Bearer Security shall be exchanged at the specified office of the Paying Agent, and the Issuer shall procure that the Paying Agent shall issue and deliver, in full exchange for the Permanent Global Bearer Security, definitive Securities in an aggregate principal amount equal to the principal amount of the Permanent Global Bearer Security exchanged therefor.
If the forms of Securities or coupons of any series (or any such Temporary Global Security or Permanent Global Bearer Security) are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by any member of the Board of Directors of the Issuer delivered to the Trustee at or prior to the delivery of the Order contemplated by Section 305 for the authentication and delivery of such Securities.
The principal amount of the Permanent Global Bearer Security will be decreased to reflect exchanges or issues of definitive Securities.
Promptly following any such exchange in part, such Permanent Global Bearer Security and the Guarantees endorsed thereon shall be returned by the Trustee to the Common Depositary or such other depositary or Common Depositary referred to above in accordance with the instructions of the Issuer or, in the case of the Guarantees, the Guarantor.
The costs incurred by the Issuer in making the exchange of the Permanent Global Bearer Security for definitive Securities shall be borne by the Issuer.
If any Security shall be represented by a Permanent Global Bearer Security, then, for purposes of this Section 304 and Section 305, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a Temporary Global Bearer Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s interest in such Permanent Global Bearer Security.