Permanent Offshore Global Note definition

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

Permanent Offshore Global Note has the meaning provided in Section 2.01.

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend. “Permitted Debt” has the meaning assigned to such term in Section 4.06.

Examples of Permanent Offshore Global Note in a sentence

• Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.

• If the requested transfer or exchange involves a beneficial interest in a Permanent Offshore Global Note, no certification is required and the Trustee will deliver a Certificated Note that does not bear the Restricted Legend.

• Notwithstanding anything to the contrary contained herein, any owner of a beneficial interest in a Temporary Offshore Global Note shall not be entitled to receive payment of principal or Interest on such beneficial interest or other amounts in respect of such beneficial interest until such beneficial interest is exchanged for an interest in a Permanent Offshore Global Note or transferred for an interest in another Global Note or a Certificated Note.

• Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will 15 (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.

• Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will(x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and(y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.

More Definitions of Permanent Offshore Global Note

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend. “Permitted Debt” means Indebtedness of the Operating Partnership or any Subsidiary owing to any Subsidiary or the Operating Partnership;provided that any such Indebtedness is made pursuant to an intercompany note and is subordinated in right of payment to the Notes; provided further that anydisposition, pledge or transfer of any such Indebtedness to a Person (other than the Operating Partnership or another Subsidiary) shall be deemed to be an incurrence of such Indebtedness by the Operating Partnership or a Subsidiary, as the case may be, and not Permitted Debt as defined herein.

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend. “Permitted Business” means any of the businesses in which the Company and its Restricted Subsidiaries are engaged on the Issue Date, and anybusiness reasonably related, incidental, complementary or ancillary thereto or any business deemed strategically desirable by the Company in good faith inconnection therewith.

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend. “Permitted Bank Indebtedness” means any Indebtedness of Parent or any Subsidiary of Parent pursuant to one or more credit facilities withbanks or other lenders providing for revolving credit loans or term loans or the issuance of letters of credit or bankers’ acceptances or the like andGuarantees of such Indebtedness by Parent or any Subsidiary of Parent; provided that the aggregate principal amount at any time outstanding does not exceed $1.5 billion.

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global NoteLegend.

Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend. "PERMITTED BANK DEBT" has the meaning assigned to such term in Section 4.06.

Permanent Offshore Global Note has the meaning specified in Section 2.01.

Permanent Offshore Global Note and, together with the Temporary Offshore Global Note, the "Offshore Global Note") duly executed by the Company and authenticated by the Trustee as hereinafter provided shall be deposited with the Trustee, as custodian for the Depositary, and the registrar shall reflect on its books and records the date and a decrease in the principal amount of the Temporary Offshore Global Note in an amount equal to the principal amount of the beneficial interest in the Temporary Offshore Global Note transferred. Securities offered and sold in reliance on Regulation D under the Securities Act shall be issued in the form of permanent certificated Securities in registered form in substantially the form as above recited (the "U.S. Physical Notes"). Securities issued pursuant to Section 2.7 in exchange for interests in the Offshore Global Note shall be in the form of permanent certificated Securities in registered form substantially in the form as above recited (the "Offshore Physical Notes"). The Offshore Physical Notes and U.S. Physical Notes are some times collectively herein referred to as the "Physical Notes." The U.S. Global Note and the Offshore Global Note are sometimes referred to as the "Global Notes." The definitive Securities shall be typed, printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Securities may be listed, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities.