Common use of Transfers of Global Securities Clause in Contracts

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary and the provisions of Section 2.16; provided, however, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary notifies the Company that it is unwilling or unable to continue as Depositary for any Global Security and a successor Depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Trans Resources Inc)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; provided. In addition, however, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any Global Security and a successor Depositary Depository is not appointed by the Company within 90 days of such notice or (ii) a Default or an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary Depository to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Global Telesystems Europe B V)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; provided, however, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any Global Security and a successor Depositary Depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary Depository to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Axia Inc)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Physical Securities physical securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; provided. In addition, however, that Physical Securities physical securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any Global Security and a successor Depositary Depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary Depository to issue Physical Securitiesphysical securities.

Appears in 1 contract

Sources: Indenture (Capstar Broadcasting Partners Inc)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the any Global Securities Security may be transferred or or, subject to Section 2.01, exchanged for Physical Securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; provided. In addition, however, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in any Global Securities Security if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any the Global Security Securities and a successor Depositary depositary is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository or the Trustee to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Avado Brands Inc)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; providedPROVIDED, howeverHOWEVER, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any Global Security and a successor Depositary Depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary Depository to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Nbty Inc)

Transfers of Global Securities. shall be limited to transfers in whole, but not in part, to the DepositaryDepository, its successors or their respective nominees. Interests of beneficial owners in the Global Series A Securities may be transferred or exchanged for Physical Securities in accordance with the rules and procedures of the Depositary Depository and the provisions of Section 2.16; provided. In addition, however, that Physical Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Securities if (i) the Deposi- 31 tary Depository notifies the Company that it is unwilling or unable to continue as Depositary Depository for any Global Security and a successor Depositary Depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary Depository to issue Physical Securities.

Appears in 1 contract

Sources: Indenture (Autotote Corp)