Common use of Regulation S Global Security to Restricted Global Security Clause in Contracts

Regulation S Global Security to Restricted Global Security. If the holder of a beneficial interest in the Regulation S Global Security at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Clause (3). Upon receipt by the Trustee, as Security Registrar, of (A) written instructions given by or on behalf of the Depositary in accordance with the Applicable Procedures directing the Trustee to credit or cause to be credited to a specified Agent Member’s account a beneficial interest in the Restricted Global Security in a specified principal amount and to cause to be debited from another specified Agent Member’s account a beneficial interest in the Regulation S Global Security and (B) a certificate in substantially the form set forth in Exhibit B signed by or on behalf of the Agent Member holding such beneficial interest in the Regulation S Global Security, the Trustee, as Security Registrar, shall reduce the principal amount of such Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 3.4(a)(3).

Appears in 2 contracts

Sources: Indenture (Votorantim Cimentos S.A.), Indenture (Votorantim Pulp & Paper Inc)

Regulation S Global Security to Restricted Global Security. If the holder owner of a beneficial interest in the Regulation S Global Security wishes at any time wishes to transfer such interest to a Person who wishes to take delivery thereof acquire the same in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, effected only in accordance with this Clause (3)2)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) written instructions an order given by or on behalf of the Depositary in accordance with the Applicable Procedures or its authorized representative directing the Trustee to credit or cause to be credited to a specified Agent Member’s account that a beneficial interest in the Restricted Global Security in a specified principal amount and be credited to cause to be debited from another a specified Agent Member’s 's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Restricted Period, a certificate in substantially Restricted Securities Certificate, satisfactory to the form set forth in Exhibit B signed Trustee and duly executed by or on behalf the owner of the Agent Member holding such beneficial interest in the Regulation S Global SecuritySecurity or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of such the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 3.4(a)(33.4(1)(iii).

Appears in 2 contracts

Sources: Indenture (Cirrus Logic Inc), Indenture (Cirrus Logic Inc)

Regulation S Global Security to Restricted Global Security. If the holder of a beneficial interest in the Regulation S Global Security at any time wishes to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Clause (3). Upon receipt by the Trustee, as Security Registrar, of (A) written instructions given by or on behalf of the Depositary in accordance with the Applicable Procedures directing the Trustee to credit or cause to be credited to a specified Agent Member’s 's account a beneficial interest in the Restricted Global Security in a specified principal amount and to cause to be debited from another specified Agent Member’s 's account a beneficial interest in the Regulation S Global Security and (B) a certificate in substantially the form set forth in Exhibit Annex B signed by or on behalf of the Agent Member holding such beneficial interest in the Regulation S Global Security, the Trustee, as Security Registrar, shall reduce the principal amount of such Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 3.4(a)(3).

Appears in 1 contract

Sources: Indenture (Votorantim Pulp & Paper Inc)

Regulation S Global Security to Restricted Global Security. If the holder owner of a beneficial interest in the Regulation S Global Security wishes at any time wishes to transfer such interest to a Person who wishes to take delivery thereof acquire the same in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, effected only in accordance with this Clause (3)b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) written instructions an order given by the depositary or on behalf of the Depositary in accordance with the Applicable Procedures its authorized representative directing the Trustee to credit or cause to be credited to a specified Agent Member’s account that a beneficial interest in the Restricted Global Security in a specified principal amount and be credited to cause to be debited from another a specified Agent Member’s 's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Restricted Period, a certificate in substantially Restricted Securities Certificate, satisfactory to the form set forth in Exhibit B signed Trustee and duly executed by or on behalf the owner of the Agent Member holding such beneficial interest in the Regulation S Global SecuritySecurity or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of such the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 3.4(a)(33.4(A)(c).

Appears in 1 contract

Sources: Indenture (Alcatel Usa Inc)