DEBENTURES IN GLOBAL FORM Clause Samples
The 'Debentures in Global Form' clause defines the issuance and management of debentures as a single, consolidated certificate—known as a global debenture—rather than as individual certificates for each holder. In practice, this means that the debentures are registered in the name of a nominee, typically a clearing system or custodian, and transfers or interests are recorded electronically rather than by physical exchange of certificates. This arrangement streamlines the administration of the debentures, reduces paperwork, and facilitates efficient trading and settlement, particularly in large or international offerings.
DEBENTURES IN GLOBAL FORM. If Debentures of any series are issuable in global form, as specified as contemplated by Section 3.1, then, notwithstanding clause (e) of Section 3.1 and the provisions of Section 3.2, any such Debenture shall represent such of the Outstanding Debentures of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Debentures of such series from time to time endorsed thereon and that the aggregate amount of Outstanding Debentures of such series represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Debenture in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Debentures of such series represented thereby shall be made by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 3.3 or Section 3.4. Subject to the provisions of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver any Debenture in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 3.3 or 3.4 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Debenture in global form shall be in writing but need not comply with Section 1.2 and need not be accompanied by an Opinion of Counsel. The provisions of the last sentence of Section 3.3 shall apply to any Debenture represented by a Debenture in global form if such Debenture was never issued and sold by the Company and the Company delivers to the Trustee the Debenture in global form together with written instructions (which need not comply with Section 1.2 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Debentures represented thereby, together with the written statement contemplated by the last sentence of Section 3.3. Notwithstanding the provisions of Sections 2.1 and 3.7, unless otherwise specified as contemplated by Section 3.1, payment of principal of and any premium and interest on any Debenture in permanent global form shall be made to the Person or Persons specified therein. Notwithstanding the provisions of Section 3.8 and except as provided in the preceding paragraph, the Compa...
DEBENTURES IN GLOBAL FORM. The Debentures may be issued in whole or in part in global form and any such Debenture in global form may provide that it shall represent the aggregate or specified amount of Outstanding Debentures from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Debentures represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Debenture in global form to reflect the amount, or any increase or decrease in the amount or changes in the rights of Holders of Outstanding Debentures represented thereby, shall be made in such manner and by such Person or Persons as shall be specified therein. Any instructions by the Company with respect to a Debenture in global form shall be in writing but, to the extent not relevant, need not comply with Section 314(c) of the Trust Indenture Act.
DEBENTURES IN GLOBAL FORM. 18 SECTION 2.4 FORM OF LEGEND FOR BOOK-ENTRY DEBENTURES. . . . . . . . . . . 19 SECTION 2.5 FORM OF CONVERSION NOTICE . . . . . . . . . . . . . . . . . . 19 ARTICLE III THE DEBENTURES SECTION 3.1 AMOUNT UNLIMITED; ISSUABLE IN SERIES. . . . . . . . . . . . . 20 ----------------------------
DEBENTURES IN GLOBAL FORM. 18 SECTION 2.4 FORM OF LEGEND FOR BOOK-ENTRY DEBENTURES. . . . . . . . . . . 19 SECTION 2.5 FORM OF CONVERSION NOTICE . . . . . . . . . . . . . . . . . . 19 ARTICLE III
DEBENTURES IN GLOBAL FORM. The Debentures may be issued in whole or in part in global form in the form of one or more fully registered global Debentures (each being called a "Global Debenture") and any such Debenture in global form may provide that it shall represent the aggregate or specified amount of Outstanding Debentures from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Debentures represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Global Debenture to reflect the amount, or any increase or decrease in the amount or changes in the rights of Holders of Outstanding Debentures represented thereby, shall be made in such manner and by such Person or Persons as shall be specified therein. Any instructions by the Company with respect to a Debenture in global form shall be in writing but, to the extent not relevant, need not comply with Section 314(c) of the Trust Indenture Act.
DEBENTURES IN GLOBAL FORM. The Debentures shall initially be issued in global form (i.e., in the name of the nominee of a Depository for purposes of book-entry transfer) and one or more Debentures shall represent the aggregate amount of all outstanding Debentures from time to time endorsed thereon and may provide that the aggregate amount of outstanding Debentures represented thereby may from time to time be increased or reduced to reflect exchanges, repurchases and redemptions. Any endorsement of any Debenture in global form to reflect the amount, or any increase or decrease in the amount, or changes in the rights of Holders, of outstanding Debentures represented thereby shall be made in such manner and by such Person or Persons as shall be specified therein or in a written order of the Company signed by two Officers or by an Officer and Assistant Treasurer or Assistant Secretary for the Company. The Trustee shall deliver and redeliver any Debenture in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the written order of the Company signed by two Officers or by an Officer and Assistant Treasurer or Assistant Secretary for the Company.