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 the Regulation S Global Security wishes at any time to transfer such Security in whole or in part to the Holder of the Restricted Global Security, such transfer may be effected only in accordance with this Clause (b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Holders of the Regulation S Global Security and the Restricted Global Security directing that the principal amount at maturity represented by the Regulation S Global Security be reduced by a specified amount and that the principal amount at maturity represented by the Restricted Global Security be increased by an equal amount and (B) if such transfer is to occur during the Restricted Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the Holder of the Regulation S Global Security or his attorney in fact duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount at maturity of the Regulation S Global Security and increase the principal amount at maturity of the Restricted Global Security by such specified principal amount as provided in Section 305(c). If transfers under this Section 305(b)(ii) occur after the Restricted Period, no Restricted Securities Certificates will be required.

Appears in 1 contract

Sources: Indenture (Diamond Cable Communications PLC)

Regulation S Global Security to Restricted Global Security. If the Holder of the Regulation S Global Security of either series wishes at any time to transfer such Security in whole or in part to the Holder of the Restricted Global SecuritySecurity of the same series, such transfer may be effected only in accordance with this Clause (b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Holders of the Regulation S Global Security of either series and the Restricted Global Security of the same series directing that the principal amount at maturity represented by the such Regulation S Global Security be reduced by a specified amount and that the principal amount at maturity represented by the such Restricted Global Security be increased by an equal amount and (B) if such transfer is to occur during the Restricted Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the Holder of the such Regulation S Global Security or his attorney in fact duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount at maturity of the such Regulation S Global Security and increase the principal amount at maturity of the such Restricted Global Security by such specified principal amount as provided in Section 305(c). If transfers under this Section 305(b)(ii) occur after the Restricted Period, no Restricted Securities Certificates will be required.

Appears in 1 contract

Sources: Indenture (Diamond Cable Communications PLC)