Examples of Uncertificated Debenture in a sentence
None of the Company, the Trustee or any agent of the Trustee for any Debenture issued as an Uncertificated Debenture will be liable or responsible to any Person for any aspect of the records related to or payments made on account of beneficial interests in any Uncertificated Debenture or for maintaining, reviewing, or supervising any records relating to such beneficial interests.
In addition, any Uncertificated Debenture shall, subject to Section 2.7, be valid and binding upon the Corporation and the registered Holder thereof will be entitled to the benefits of this Indenture.
Notwithstanding anything to the contrary in this Indenture, subject to applicable law, the Global Debenture will be issued as an Uncertificated Debenture, unless otherwise requested in writing by the Depository or Puget.
In connection with the Exchange of the Owner’s beneficial interest in an Unrestricted Uncertificated Debenture for a beneficial interest in a Restricted Uncertificated Debenture in an equal principal amount, the Owner hereby certifies that the beneficial interest is being acquired for the Owner’s own account without transfer.
Such entry on the Register of the particulars of an Uncertificated Debenture shall be conclusive evidence that such Uncertificated Debenture is a valid and binding obligation of the Company and that the holder is entitled to the benefits of this Indenture.