Common use of Cancellation and/or Adjustment of Global Securities Clause in Contracts

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.08. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such series, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series, such other Global Security shall be increased accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 46 contracts

Samples: Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Prime Security Services (ADT Inc.)

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Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.082.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such seriesSecurities, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 20 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Noble Corp), Receivables Pledge Agreement (Transocean Ltd.)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee Fiscal Agent in accordance with Section 2.082.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or exchanged for Definitive Securities of such seriespursuant to Section 2.06(c) hereof, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee Fiscal Agent or by the Depositary at the direction of the Trustee Fiscal Agent to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall be increased accordingly and an endorsement may shall be made on such other Global Security by the Trustee Fiscal Agent or by the Depositary at the direction of the Trustee Fiscal Agent to reflect such increase.

Appears in 3 contracts

Samples: Fiscal Agency Agreement (Symetra Financial CORP), Fiscal Agency Agreement (Symetra Financial CORP), Fiscal Agency Agreement (Symetra Financial CORP)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Physical Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee Registrar in accordance with Section 2.082.13 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such the same series or for Definitive Physical Securities of such the same series, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee Registrar or by the Common Depositary at the direction of the Trustee Registrar to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee Registrar or by the Common Depositary at the direction of the Trustee Registrar to reflect such increase.

Appears in 2 contracts

Samples: Supplemental Indenture (Keystone Automotive Operations Inc), Supplemental Indenture (LKQ Corp)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.082.11. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such the same series, the principal amount of Securities of such the series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such the same series, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: Base Indenture (Dell International L.L.C.), Base Indenture (Dell Technologies Inc.)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.083.10. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such the same series, the principal amount of Securities of such the series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such the same series, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Mondelez International, Inc.)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series Certificated Exchangeable Debentures or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.082.12 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such seriesCertificated Exchangeable Debentures, the principal amount of Securities of such series Exchangeable Debentures represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee or by the Depositary Depository at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Host Marriott Corp/)

Cancellation and/or Adjustment of Global Securities. At such time --------------------------------------------------- as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.082.08 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such series, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series, such other Global Security shall be increased accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Computer Sciences Corp

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Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.08‎Section 2.12. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such seriesSecurities, the principal amount of Securities of such series represented by such Global Security shall will be reduced accordingly and an endorsement may will be made on the “Schedule of Exchanges of Interests in the Global Note” attached to such Global Security and a notation will be made on the records maintained by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall will be increased accordingly and an endorsement may will be made on the “Schedule of Exchanges of Interests in the Global Note” attached to such Global Security and a notation will be made on the records maintained by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Pattern Energy Group Inc.)

Cancellation and/or Adjustment of Global Securities. At such time --------------------------------------------------- times as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Physical Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee in accordance with Section 2.08311 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such seriesPhysical Securities, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security Security, by the Trustee or by the Depositary at the direction of the Trustee Trustee, to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security Security, by the Trustee or by the Depositary at the direction of the Trustee Trustee, to reflect such increase.

Appears in 1 contract

Samples: Styrochem International Inc

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled canceled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled canceled by the Trustee Fiscal Agent in accordance with Section 2.082.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or exchanged for Definitive Securities of such seriespursuant to Section 2.06(c) hereof, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee Fiscal Agent or by the Depositary at the direction of the Trustee Fiscal Agent to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such seriesSecurity, such other Global Security shall all be increased accordingly and an endorsement may shall be made on such other Global Security by the Trustee Fiscal Agent or by the Depositary at the direction of the Trustee Fiscal Agent to reflect such increase.

Appears in 1 contract

Samples: Fiscal Agency Agreement (White Mountains Insurance Group LTD)

Cancellation and/or Adjustment of Global Securities. At such time as --------------------------------------------------- all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.082.08 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series or for Definitive Securities of such series, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series, such other Global Security shall be increased accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (Computer Sciences Corp)

Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have been exchanged for Definitive Physical Securities of such series or a particular Global Security of a series has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee Registrar in accordance with Section 2.082.13 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security of such series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such the same series or for Definitive Physical Securities of such the same series, the principal amount of Securities of such series represented by such Global Security shall be reduced accordingly and an endorsement may shall be made on such Global Security by the Trustee Registrar or by the Depositary Depository at the direction of the Trustee Registrar to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such the same series, such other Global Security shall be increased accordingly and an endorsement may shall be made on such Global Security by the Trustee Registrar or by the Depositary Depository at the direction of the Trustee Registrar to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (Keystone Automotive Operations Inc)

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