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

Cancellation and/or Adjustment of Global Security. At such time as all beneficial interests in a Global Security of a series have either been exchanged for Definitive Securities of such series, redeemed, repurchased or canceled, such Global Security shall be returned to or retained and cancelled by the Trustee. At any time prior to such cancellation, if any beneficial interest in such Global Security is exchanged for Definitive Securities of such series, redeemed, repurchased or cancelled, the principal amount of Securities represented by such Global Security shall be reduced and an endorsement shall be made on such Global Security, by the Trustee or the Security Custodian, at the direction of the Trustee to reflect such reduction.

Appears in 6 contracts

Sources: Indenture (Xto Energy Inc), Indenture (Xto Energy Inc), Indenture (Xto Energy Inc)

Cancellation and/or Adjustment of Global Security. At such time as all beneficial interests in a Global Security of a any series have either been exchanged for Definitive Securities of such series, redeemed, repurchased or canceled, such Global Security shall be returned to or retained and cancelled canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in such a Global Security of any series is exchanged for Definitive Securities of such series, redeemed, repurchased or cancelledcanceled, the principal amount Principal Amount of Securities of such series represented by such Global Security shall be reduced and an endorsement shall be made on such Global Security, by the Trustee or the Security Securities Custodian, at the direction of the Trustee Trustee, to reflect such reduction.

Appears in 3 contracts

Sources: Indenture (Mirage Resorts Inc), Indenture (Mirage Resorts Inc), Indenture (Mirage Resorts Inc)

Cancellation and/or Adjustment of Global Security. At such time as all beneficial interests in a Global Security of a any series have either been exchanged for Definitive Securities of such seriesSecurities, redeemed, repurchased or canceledcancelled, such Global Security shall be returned to or retained and cancelled by the Trustee. At any time prior to such cancellation, if any beneficial interest in such a Global Security of any series is exchanged for Definitive Securities of such series, redeemed, repurchased or cancelled, the principal amount of Securities of such series represented by such Global Security shall be reduced and an endorsement shall be made on such Global Security, by the Trustee or the Security Securities Custodian, at the direction of the Trustee Trustee, to reflect such reduction.

Appears in 1 contract

Sources: Indenture (Ggri Inc)

Cancellation and/or Adjustment of Global Security. At such time ------------------------------------------------- as all beneficial interests in a Global Security of a any series have either been exchanged for Definitive Securities of such seriesSecurities, redeemed, repurchased or canceledcancelled, such Global Security shall be returned to or retained and cancelled by the Trustee. At any time prior to such cancellation, if any beneficial interest in such a Global Security of any series is exchanged for Definitive Securities of such series, redeemed, repurchased or cancelled, the principal amount of Securities of such series represented by such Global Security shall be reduced and an endorsement shall be made on such Global Security, by the Trustee or the Security CustodianSecurities Custodian for such series, at the direction of the Trustee Trustee, to reflect such reduction.

Appears in 1 contract

Sources: Indenture (Sun International Hotels LTD)