Interests in Global Notes. If any holder of a beneficial interest in a Global Note proposes to (i) exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, or (ii) convert all or any portion of such beneficial interest in the Global Note pursuant to Article 8, then upon delivery of a Global Note Reduction Notice by the Company to the Trustee, and compliance by the Company and Holder with Article 8 hereof, the Trustee shall cause the aggregate principal amount of the appropriate Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and in the case of clause (i) above, upon compliance by such with the provisions of Section 2.06(c), if applicable the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount and in the case of clause (ii) above the Company shall issue the Common Shares issuable upon such conversion as provided in Article 8. Any Definitive Note issued in exchange for a beneficial interest pursuant to clause (ii) above shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant.
Appears in 1 contract
Sources: Indenture (Infinity Inc)
Interests in Global Notes. If any holder of a beneficial interest in a Global Note proposes to (i) exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, or (ii) convert all or any portion of such beneficial interest in the Global Note pursuant to Article 8, then upon delivery of a Global Note Reduction Notice by the Company to the Trustee, and compliance by the Company and Holder with Article 8 hereof, hereof the Trustee shall cause the aggregate principal amount of the appropriate Global Note to be reduced accordingly pursuant to Section 2.06(h2.06(g) hereof, and in the case of clause (i) above, upon compliance by such with the provisions of Section 2.06(c), if applicable above the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount and in the case of clause (ii) above the Company shall issue the Common Shares issuable upon such conversion as provided in Article 8. Any Definitive Note issued in exchange for a beneficial interest pursuant to clause (ii) above shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant.
Appears in 1 contract
Sources: Indenture (Infinity Inc)