Common use of Cancellation or Adjustment of Global Security Clause in Contracts

Cancellation or Adjustment of Global Security. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or retained and canceled by the Trustee in accordance with Section 2.11 of this Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository or the Common Depository, as applicable, 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, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository or the Common Depository, as applicable, at the direction of the Trustee to reflect such increase.

Appears in 3 contracts

Samples: Indenture (Nalco Holding CO), Supplemental Indenture (Nalco Energy Services Equatorial Guinea LLC), Supplemental Indenture (Nalco Energy Services Equatorial Guinea LLC)

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Cancellation or Adjustment of Global Security. At such time as all beneficial interests in a particular Global Security have either been exchanged for Definitive Securities or a particular Global Security has been Securities, redeemed, repurchased purchased or canceled in whole and not in partcancelled, each such Global Security shall be returned to the Depository for cancellation or retained and canceled cancelled by the Trustee in accordance with Section 2.11 of this IndentureTrustee. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or Definitive Securities, transferred to a Person who will take delivery thereof in the form of a beneficial exchange for an interest in another Global Security Security, redeemed, purchased or for Definitive Securitiescancelled, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement adjustment shall be made on the books and records of the Trustee (if it is then the Securities Custodian for such Global Security Security) with respect to such Global Security, 0000-0000-0000 APPENDIX by the Trustee or by the Depository or the Common DepositorySecurities Custodian, as applicable, 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, such other Global Security shall will be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository or the Common Depository, as applicable, at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (CBL & Associates Limited Partnership)

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Cancellation or Adjustment of Global Security. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or retained and canceled by the Trustee in accordance with Section 2.11 of this Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged ex-changed for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global Security Se-curity by the Trustee or by the Depository or the Common Depository, as applicable, 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, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository or the Common Depository, as applicableDeposi-tory, at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (Albertsons Companies, Inc.)

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