Common use of Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes Clause in Contracts

Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes. If any Holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note of the same series of Notes, or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note of the same series of Notes, then, upon satisfaction of the conditions set forth in Section 2.06(c)(2) hereof, the Trustee or the applicable Agent will cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Issuers will execute and the Trustee, the Euro Registrar or the applicable authenticating agent will authenticate and deliver to the Person designated in the instructions a Definitive Note of the same series of Notes in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(d)(4) will be registered in such name or names and in such authorized denomination or denominations as the Holder of such beneficial interest requests through instructions to the applicable Registrar through instructions from or through, in the case of Dollar Unrestricted Definitive Notes, the Dollar Note Depositary, and, in the case of Euro Unrestricted Definitive Notes, the Euro Note Depositary, and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(d)(4) will not bear the Private Placement Legend.

Appears in 1 contract

Sources: Indenture (Primo Brands Corp)

Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes. If any Holder holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note of the same series Series of Notes, Notes or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note of the same series Series of Notes, then, upon the occurrence of any of the events described in clause (i), (ii), (iii) or (iv) of Section 2.06(a) hereof or the events described in clause (i), (ii), (iii) or (iv) of Section 2.06(b) hereof, as applicable, and satisfaction of the conditions set forth in Section 2.06(c)(22.06(c)(v) hereof, the Trustee or the applicable Agent will shall cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly pursuant to Section 2.06(h2.06(i) hereof, and the Issuers will shall execute and the Trusteeand, upon receipt of an Authentication Order, the Euro Registrar or the applicable authenticating agent will Trustee shall authenticate and deliver send to the Person designated in the instructions a Definitive Note of the same series Series of Notes in the appropriate applicable principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(d)(42.06(d)(iv) will shall be registered in such name or names and in such authorized denomination or denominations as the Holder holder of such beneficial interest requests through instructions to shall instruct the applicable Registrar through instructions from or through, in the case of Dollar Unrestricted Definitive Notes, the Dollar Note Depositary, and, in the case of Euro Unrestricted Definitive Notes, the Euro Note Depositary, and the Participant or Indirect Participant. The Trustee will deliver shall send such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(d)(42.06(d)(iv) will shall not bear the Private Placement Legend.

Appears in 1 contract

Sources: Indenture (Clarios International Inc.)