Common use of Cancellation and/or Adjustment of Global Securities Clause in Contracts

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed or canceled in whole and not in part, each such Global Security shall be returned to or retained and canceled by the Trustee in accordance with Section 309 of the Original Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities:

Appears in 2 contracts

Sources: Third Supplemental Indenture (BAKER HUGHES a GE Co LLC), Fourth Supplemental Indenture (BAKER HUGHES a GE Co LLC)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular the Global Security have either been exchanged for Definitive Securities Certificated Securities, redeemed, repurchased or a particular Global Security has been redeemed or canceled in whole and not in partcanceled, each such the Global Security shall be returned to or retained and canceled by the Trustee in accordance with Section 309 of the Original IndentureTrustee. At any time prior to such cancellation, if any beneficial interest in a the Global Security is exchanged for Certificated Securities, redeemed, repurchased or transferred to a Person who will take delivery thereof in canceled, the form aggregate principal amount of a beneficial interest in another Securities represented by such Global Security or for Definitive Securities:shall be reduced accordingly and an endorsement shall be made on such Global Security by the Trustee to reflect such reduction.

Appears in 1 contract

Sources: Indenture (Jordan Industries Inc)