Common use of Deposit of the Global Notes Clause in Contracts

Deposit of the Global Notes. The Book-Entry Depositary hereby accepts custody of the Global Notes from the Trustee and shall act as Book-Entry Depositary in accordance with the terms of this Agreement. The Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Issuer and shall issue the Depositary Interests in accordance with the Letter of Representations. In the event that the Issuer shall issue and execute, and the Trustee, upon the order of the Issuer, shall authenticate additional Global Notes, the Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Issuer and shall issue the Depositary Interests in such Global Notes to the Depositary in accordance with the Letter of Representations.

Appears in 2 contracts

Samples: Note Deposit Agreement (RSL Communications LTD), Note Deposit Agreement (RSL Communications LTD)

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Deposit of the Global Notes. The Book-Entry Depositary hereby accepts custody of the Global Notes from the Trustee and shall act as Book-Entry Depositary in accordance with the terms of this Agreement. The Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Note Issuer and shall issue the Depositary Interests in accordance with the Letter of Representations. In the event that the Note Issuer shall issue and execute, and the Trustee, upon the order of the Note Issuer, shall authenticate additional Global Notes, the Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Note Issuer and shall issue the Depositary Interests in such Global Notes to the Depositary in accordance with the Letter of Representations.

Appears in 1 contract

Samples: Note Deposit Agreement (RSL Communications PLC)

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Deposit of the Global Notes. The Book-Entry Depositary hereby accepts custody of the Global Notes from the Trustee and shall act as Book-Entry Depositary in accordance with the terms of this Agreement. The Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Issuer and shall issue the Depositary Interests in accordance with the Letter of RepresentationsRepre sentations. In the event that the Issuer shall issue and execute, and the Trustee, upon the order of the Issuer, shall authenticate additional Global Notes, the Book-Entry Depositary shall hold each such Global Note at its Corporate Trust Office or at such place or places as it shall determine with the prior written consent of the Issuer and shall issue the Depositary Interests in such Global Notes to the Depositary in accordance accor dance with the Letter of Representations.

Appears in 1 contract

Samples: Note Deposit Agreement (RSL Communications LTD)

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