Common use of Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security Clause in Contracts

Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security. A Definitive Security of any series may not be exchanged for a beneficial interest in a Global Security of such series except upon satisfaction of the requirements set forth below. Upon receipt by the Registrar of a Definitive Security of any series, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Registrar, together with written instructions directing the Registrar to make, or to direct the Securities Custodian to make, an endorsement on the Global Security of such series to reflect an increase in the aggregate principal amount of the Securities represented by such Global Security of such series, then the Registrar shall cancel such Definitive Security and cause, or direct the Securities Custodian to cause, in accordance with the standing instructions and procedures existing between the Depository and the Securities Custodian, the aggregate principal amount of Securities of such series represented by the Global Security of such series to be increased accordingly. If no Global Securities of such series are then outstanding, the Issuers shall issue and the Trustee shall authenticate a new Global Security of such series in the appropriate principal amount.

Appears in 1 contract

Sources: Indenture (Ggri Inc)

Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security. A Definitive Security of any series may not be exchanged for a beneficial interest in a Global Security of such series except upon satisfaction of the requirements set forth below. Upon receipt by the Registrar Trustee of a Definitive Security of any series, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the RegistrarTrustee, together with written instructions directing the Registrar Trustee to make, or to direct the Securities Custodian to make, an endorsement on the Global Security of such series to reflect an increase in the aggregate principal amount Principal Amount of the Securities of such series represented by such Global Security of such seriesSecurity, then the Registrar Trustee shall cancel such Definitive Security and cause, or direct the Securities Custodian to cause, in accordance with the standing instructions and procedures existing between the Depository Depositary and the Securities Custodian, the aggregate principal amount Principal Amount of Securities of such series represented by the Global Security of such series to be increased accordingly. If no Global Securities of such series are then outstanding, the Issuers Company shall issue and the Trustee shall authenticate a new Global Security of such series in the appropriate principal amountPrincipal Amount.

Appears in 1 contract

Sources: Indenture (Mirage Resorts Inc)

Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security. A Definitive Security of any series may not be exchanged for a beneficial interest in a Global Security of such series except upon satisfaction of the requirements set forth below. Upon receipt by the Registrar for any series of a Definitive Security of any such series, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the such Registrar, together with written instructions directing the such Registrar to make, or to direct the Securities Custodian for such series to make, an endorsement on the Global Security of such series to reflect an increase in the aggregate principal amount of the Securities represented by such Global Security of such series, then the such Registrar shall cancel such Definitive Security and cause, or direct the such Securities Custodian to cause, in accordance with the standing instructions and procedures existing between the Depository for such series and the such Securities Custodian, the aggregate principal amount of Securities of such series represented by the Global Security of such series to be increased accordingly. If no Global Securities of such series are then outstanding, the Issuers shall issue and the Trustee shall authenticate a new Global Security of such series in the appropriate principal amount.

Appears in 1 contract

Sources: Indenture (Ggri Inc)