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 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 at the direction of the Trustee to reflect such increase.

Appears in 68 contracts

Samples: Collateral Agreement (NewPage Holdings Inc.), Collateral Agreement (Verso Paper Corp.), Intercreditor Agreement (Berry Global Group, Inc.)

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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 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 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, 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 Depository, at the direction of the Trustee to reflect such increase.

Appears in 20 contracts

Samples: Indenture (Gates Engineering & Services FZCO), Indenture (Remington Arms Co Inc/), Indenture (Gates Global Inc.)

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 2.10 of this the 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 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 at the direction of the Trustee to reflect such increase.

Appears in 4 contracts

Samples: Indenture (Denbury Resources Inc), Indenture (Denbury Resources Inc), Intercreditor Agreement (Denbury Resources Inc)

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 2.10 of this the 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 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 at the direction of the Trustee to reflect such increase.

Appears in 3 contracts

Samples: Indenture (Denbury Resources Inc), Supplemental Indenture (Denbury Resources Inc), Indenture (Denbury Resources Inc)

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 the 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 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 at the direction of the Trustee to reflect such increase.

Appears in 3 contracts

Samples: Indenture (Party City Holdco Inc.), Pledge and Security Agreement (Party City Holdco Inc.), Party City Holdco Inc.

Cancellation or Adjustment of Global Security. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Direct Registration Securities or a particular Global Security has been redeemed, repurchased or canceled cancelled in whole and not in part, each such Global Security shall will be returned to or retained and canceled cancelled by the Trustee Security Registrar in accordance with Section 2.11 of this Indenture6.7. 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 Direct Registration Securities, the principal amount aggregate number of Securities TRA Rights represented by such Global Security shall will be reduced accordingly and an endorsement shall will be made on such Global Security by the Trustee Security Registrar or by the Depository Depositary at the direction of the Trustee Security 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, such other Global Security shall will be increased accordingly and an endorsement shall will be made on such Global Security by the Trustee Security Registrar or by the Depository Depositary at the direction of the Trustee Security Registrar to reflect such increase.

Appears in 3 contracts

Samples: Tax Receivable Agreement (Energy Future Competitive Holdings Co LLC), Tax Receivable Agreement (Vistra Energy Corp), Tax Receivable Agreement (Vistra Energy Corp)

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 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, 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 at the direction of the Trustee to reflect such increase.

Appears in 3 contracts

Samples: Indenture (CLARIVATE PLC), Indenture (Clarivate Analytics PLC), Supplemental Indenture (CLARIVATE PLC)

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, by the Trustee or by the Depository at the direction of the Trustee Securities Custodian, 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 at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: Indenture (Petroquest Energy Inc), Indenture (PetroQuest Energy, L.L.C.)

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 Securitiescanceled, 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, by the Trustee or by the Depository at the direction of the Trustee Securities Custodian, 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 at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: Indenture (Petroquest Energy Inc), Indenture (Petroquest Energy Inc)

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 the 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 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 at the direction of the Trustee to reflect such increase.. Appendix A-11

Appears in 2 contracts

Samples: Party City Holdco Inc., Party City Holdco Inc.

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, APPENDIX by the Trustee or by the Depository at the direction of the Trustee Securities Custodian, 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 at the direction of the Trustee to reflect such increase.

Appears in 2 contracts

Samples: Indenture (CBL & Associates Limited Partnership), 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 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 APPENDIX 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, by the Trustee or by the Depository at the direction of the Trustee Securities Custodian, 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 at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (CBL & Associates Limited Partnership)

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 APPENDIX Securities Custodian for such Global Security Security) with respect to such Global Security, by the Trustee or by the Depository at the direction of the Trustee Securities Custodian, 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 at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (CBL & Associates Limited Partnership)

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 Registrar 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 Registrar or by the Depository 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, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee Registrar or by the Depository Depository, at the direction of the Trustee Registrar to reflect such increase.

Appears in 1 contract

Samples: Indenture (TPC Group Inc.)

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 Security Registrar in accordance with Section 2.11 3.09 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 Security Registrar or by the Depository Depositary, at the direction of the Trustee Security 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, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee Security Registrar or by the Depository Depositary, at the direction of the Trustee Security Registrar, to reflect such increase.

Appears in 1 contract

Samples: Indenture (International Lease Finance Corp)

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 the 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 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, 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 Depository, at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (ResCare Finance, Inc.)

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 Common 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, 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 Common Depositary at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Indenture (MPM Silicones, LLC)

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 2.10 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 at the direction of the Trustee Trustee, as applicable, 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 Trustee, as applicable, or by the Depository at the direction of the Trustee to reflect such increase.

Appears in 1 contract

Samples: Supplemental Indenture (ARKO Corp.)

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