Examples of Temporary Global Class C Note in a sentence
Upon deposit of the Temporary Global Class C Note, Euroclear or Clearstream, Luxembourg will credit each subscriber of Class C Notes with the principal amount of Class C Notes for which it has subscribed and paid.
Global Class C NotesThe Class C Notes (which shall be in minimum denominations of £50,000 each and increments of £1,000 thereafter) will be initially represented by a Temporary Global Class C Note in bearer form, without coupons or talons, in the principal amount of £27,000,000.
On the exchange of the Temporary Global Class C Note for the Permanent Global Class C Note, the Permanent Global Class C Note will also be deposited with the Common Depositary.
The Temporary Global Class C Note will be deposited on behalf of the subscribers of the Class C Notes with a common depositary for Euroclear Bank S.A./N.V. as operator of the Euroclear System (“Euroclear”) and Clearstream Banking, société anonyme, Luxembourg (“Clearstream, Luxembourg”), (the “Common Depositary”) on the Closing Date.
Each such person must give a certificate as to non-U.S. beneficial ownership as of the earlier of (i) the date on which the Issuer is obliged to exchange the Temporary Global Class C Note for the Permanent Global Class C Note, which date shall be no earlier than the Exchange Date (as defined in the Temporary Global Class C Note) and (ii) the first Interest Payment Date, in order to obtain any payment due on the Class C Notes.