Examples of Temporary Offshore Global Note in a sentence
Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.
Prior to the Offshore Note Exchange Date and receipt of the certificate referred to above, beneficial interests in a Temporary Offshore Global Note may be held only through Euroclear or Clearstream.
We further certify that (i) we are not submitting herewith for exchange any portion of such Temporary Offshore Global Note excepted in such Member Organization certifications and (ii) as of the date hereof we have not received any notification from any Member Organization to the effect that the statements made by such Member Organization with respect to any portion of such Temporary Offshore Global Note submitted herewith for exchange are no longer true and cannot be relied upon as of the date hereof.
We further certify that (i) we are not submitting herewith for exchange any portion of such Temporary Offshore Global Note excepted in such certifications and (ii) as of the date hereof we have not received any notification from any Institution to the effect that the statements made by such Institution with respect to any portion of such Temporary Offshore Global Note submitted herewith for exchange are no longer true and cannot be relied upon as of the date hereof.
If the requested transfer involves a beneficial interest in a Temporary Offshore Global Note, the Person requesting the transfer must deliver or cause to be delivered to the Trustee a duly completed Rule 144A Certificate and/or an Opinion of Counsel and such other certifications and evidence as the Company may reasonably require in order to determine that the proposed transfer is being made in compliance with the Securities Act and any applicable securities laws of any state of the United States.
Accordingly, you are hereby requested to (i) exchange $ of such beneficial interest held by non-U.S. ------ persons in the Temporary Offshore Global Note for an equivalent beneficial interest in a Permanent Offshore Global Note and (ii) transfer $ of such -------- beneficial interest held by U.S. persons in the Temporary Offshore Global Note into an equivalent beneficial interest in the U.S. Global Note.
Accordingly, you are hereby requested to (i) exchange $______ of such beneficial interest held by non-U.S. persons in the Temporary Offshore Global Note for an equivalent beneficial interest in a Permanent Offshore Global Note and (ii) transfer $________ of such beneficial interest held by U.S. persons in the Temporary Offshore Global Note into an equivalent beneficial interest in the U.S. Global Note.
Accordingly, you are hereby requested to issue a Permanent Offshore Global Note representing the undersigned's interest in the principal amount of Notes represented by the Temporary Offshore Global Note, all in the manner provided by the Indenture.
Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will (i) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and (ii) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.
All Nonrecourse Deductions for any fiscal year shall be allocated to the Members in accordance with their Sharing Ratios (as may be adjusted for Add-On Interests and Administrator Interests).