The Global Certificate Clause Samples
The Global Certificate clause establishes the use of a single, overarching certificate to represent an entire issue of securities, rather than issuing individual certificates to each holder. In practice, this means that all securities of a particular series are consolidated into one document, typically held by a central depository or custodian, and ownership interests are tracked electronically. This approach streamlines the administration and transfer of securities, reduces paperwork, and minimizes the risk of loss or forgery associated with physical certificates.
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The Global Certificate. The Notes will initially be represented by the Global Certificate in registered form in the principal amount of €300,000,000 which shall be deposited with, and registered in the name of a nominee for, the Common Safekeeper on behalf of Euroclear and Clearstream, Luxembourg. The Global Certificate will be exchangeable for Certificates as set out in the Global Certificate.
The Global Certificate. Immediately before issue of the Bonds, the Company shall deliver to the Registrar a duly executed Global Certificate representing the Bonds. The Registrar (or its agent on its behalf) shall, after checking that the Global Certificate has been recorded on the Register correctly, authenticate the Global Certificate upon the written order of the Company and arrange for its delivery to a depositary common to Euroclear and Clearstream. Title to the Bonds evidenced by the Global Certificate may be registered in the name of, and the Global Certificate be deposited with, such Alternative Clearing System other than Euroclear or Clearstream (or a nominee thereof) as the Company may from time to time designate with the prior written approval of the Trustee, and shall bear such legend as may be appropriate.
The Global Certificate. Immediately before issuing the Notes, the Issuer shall deliver to the Registrar a duly executed Global Certificate representing the Notes. The Registrar (or its agent on its behalf) shall authenticate manually the Global Certificate upon the written order of the Issuer and arrange for its delivery to a depositary common to the Clearing Systems.
The Global Certificate. The Bonds will initially be represented by the Global Certificate in registered form in the principal amount of €500,000,000, which shall be deposited with a depositary common to both Euroclear and Clearstream, Luxembourg. The Global Certificate shall be registered in the name of the depositary or its nominee. The Global Certificate will be exchangeable for Certificates as set out in the Global Certificate.
The Global Certificate. On issue of the Bonds, the Global Certificate will be issued in respect of the aggregate principal amount of the Bonds and the Issuer shall procure the Registrar to make such entries of Bonds in the register of Bondholders as appropriate. The Global Certificate will be issued and registered in the name of a nominee of, and deposited with a common depositary for Euroclear and Clearstream or their nominee. The Global Certificate need not be security printed. The Bonds evidenced by the Global Certificate shall be subject to its terms in all respects and entitled to the same benefits under this Trust Deed as Bonds evidenced by individual definitive Certificates.
The Global Certificate. Immediately before issuance, the Issuer shall deliver to the Registrar a duly executed Global Certificate representing the Bonds. The Registrar (or its agent on its behalf) shall authenticate the Global Certificate upon the written order of the Issuer and arrange for its delivery to a common depositary for Euroclear and Clearstream. Title to the Bonds evidenced by the Global Certificate may be registered in the name of, and the Global Certificate may be deposited with, such Alternative Clearing System other than Euroclear or Clearstream (or a nominee thereof) as the Issuer may from time to time designate with the prior written approval of the Trustee, and shall bear such legend as may be appropriate.