Common use of Cessation of Restrictions Clause in Contracts

Cessation of Restrictions. Upon the consummation of a Registered Exchange Offer, the requirements that any Original Note remaining outstanding (i) be issued in global form shall continue to apply, subject to Section 2.09, and (ii) contain the applicable legend set forth in Exhibit A hereto shall continue to apply. Any Exchange Note issued in respect of any Note shall bear only the legends set forth in Exhibit B hereto. After a transfer of any Note pursuant to a Shelf Registration Statement, the requirement that any Note be issued in global form shall continue to apply, subject to Section 2.09, but all requirements pertaining to legends on such Note as set forth in Exhibit A hereto shall cease to apply (provided that such Note shall bear the legends set forth in Exhibit B hereto), beneficial interests in such Note shall be reflected in the Exchange Global Note and the provisions relating to the payment of Special Interest on such Note shall cease to apply.

Appears in 1 contract

Sources: Indenture (TMM Lines LTD LLC)

Cessation of Restrictions. Upon the consummation of a Registered Exchange Offer, the requirements that any Original Dollar Note remaining outstanding (i) be issued in global form shall continue to apply, subject to Section 2.09, and (ii) contain the applicable legend legends set forth in Exhibit A hereto shall continue to apply. Any Exchange Note issued in respect of any Note shall bear only the legends set forth in Exhibit B hereto. After a transfer of any Note pursuant to a Shelf Registration Statement, the requirement that any Note be issued in global form shall continue to apply, subject to Section 2.09, but all requirements pertaining to legends on such Note as set forth in Exhibit A hereto shall cease to apply (provided provided, however, that such Note shall bear the legends set forth in Exhibit B hereto), beneficial interests in such Note shall be reflected in the U.S. Exchange Global Note and the provisions relating to the payment of Special Interest on such Note shall cease to apply.

Appears in 1 contract

Sources: Indenture (PTC International Finance Holding B V)