Successor Security definition

Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.7 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.

Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.

Successor Security has the meaning specified in Section 3.15(b)(i)b.

Examples of Successor Security in a sentence

• Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Successor Security to this Security, whether or not notation of such consent or waiver is made upon this Security or such other Security.

• Upon receiving such notice, the Loan Note Issuer shall be vested with the power to appoint such successor Security Trustee and shall promptly make such appointment as detailed in Clause 13.4 (Successor Security Trustee) by written instrument, in duplicate, one copy of which instrument shall be delivered to the Security Trustee being removed and one copy to the successor Security Trustee.

• The Borrower shall pay and/or reimburse all such legal, accountancy and other costs, charges and expenses properly incurred by the Successor Agent and the Successor Security Trustee in connection with the negotiation, preparation, execution and, to the extent required, registration of this Agreement and all documents to be entered into pursuant to this Agreement.

• The Loan Note Issuer shall thereupon be vested with the power to appoint such person as successor Security Trustee and shall promptly make such appointment as detailed in Clause 13.4 (Successor Security Trustee) by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Security Trustee and one copy to the successor Security Trustee.

• Following the Pre-Public Offering Transaction, this Agreement shall continue with the same force and effect, to the extent practicable, with respect to the Stockholders and the Successor Security Equivalents then owned by them, as determined in good faith by the Board of Directors, without any further action or approval by the Stockholders.

More Definitions of Successor Security

Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.

Successor Security has the meaning specified in Section 9.5.

Successor Security shall have the meaning specified in Section 3.15(b)(i)(B).

Successor Security has the meaning specified in Section 3.15(b)(i)(b).

Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt (subject to provisions, if any, in the Predecessor Security regarding payment of Special Interest) as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section

Successor Security means, with respect to any particular Security, each Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes hereof, any Security authenticated and delivered pursuant to the terms of the Trust Indenture in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. As used herein, the term “Regulation S Securities” means the Unrestricted Global Securities and their Successor Securities. Beneficial interests in the Global Securities may not be exchanged for Securities in physical certificated form except in the limited circumstances described below. Each Global Security and beneficial interests in each Global Security will be subject to restrictions on transfer as described under “Notice to Investors”.

Successor Security of any particular Note means every Note issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Note; and for the purposes of this definition, any Note authenticated and delivered under Section 3.08 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note.