CGN Temporary Global Note Clause Samples
The CGN Temporary Global Note clause establishes the use of a temporary global note, typically in bearer form, to represent a new issue of securities before definitive or permanent notes are issued. In practice, this temporary note is held by a common depositary on behalf of clearing systems such as Euroclear or Clearstream, and investors receive interests in the note rather than physical certificates. The core function of this clause is to facilitate the efficient and secure initial distribution and settlement of securities in the international markets while final documentation and compliance checks are completed.
CGN Temporary Global Note in the case of a CGN Temporary Global Note, note or procure that there is noted on the Schedule to the CGN Temporary Global Note the aggregate principal amount thereof so exchanged and the remaining principal amount of the CGN Temporary Global Note (which shall be the previous principal amount thereof less the aggregate principal amount so exchanged) and shall procure the signature of such notation on its behalf; and
CGN Temporary Global Note the Principal Paying Agent or, in the case of CMU Notes, the CMU Lodging and Paying Agent shall in the case of a CGN Temporary Global Note, note or procure that there is noted on the Schedule to the CGN Temporary Global Note the aggregate principal amount thereof so exchanged and the remaining principal amount of the CGN Temporary Global Note (which shall be the previous principal amount thereof less the aggregate principal amount so exchanged) and shall procure the signature of such notation on its behalf; and