Examples of Restricted Debenture in a sentence
Such Purchasers are not required to be registered as broker-dealers under Section 15 of the Exchange Act and are initially being issued in the form of one or more Global Debentures substantially in the form of Exhibit B hereto and containing the Restricted Debenture Legend, which Debentures shall be duly executed by the Company and authenticated by the Trustee as hereinafter provided.
If the Restricted Security surrendered for exchange is represented by a Global Debenture bearing the Restricted Debenture Legend, the principal amount of the legended Global Debenture shall be reduced by the appropriate principal amount and the principal amount of a Global Debenture without the Restricted Debenture Legend shall be increased by an equal principal amount.
If a Global Debenture without the Restricted Debenture Legend is not then outstanding, the Company shall execute and the Trustee shall authenticate and deliver an unlegended Global Debenture to the Depositary.
A Restricted Debenture may be exchanged by the holder thereof for a Restricted Debenture or transferred to a Person who takes delivery thereof in the form of a Restricted Debenture if the Trustee receives a certificate from such holder in the form of Schedule "B" – Form of Transfer, and an opinion of counsel or other evidence of exemption in form reasonably satisfactory to the Company which does not provide for the removal of the U.S. Legend.
As used in this Section 2.05(b), the term “transfer” encompasses any sale, pledge, transfer or other disposition whatsoever of any Restricted Debenture.