Common use of Global Debentures Clause in Contracts

Global Debentures. (a) If the Company shall establish pursuant to Section 2.01 that the Debentures of a particular series are to be issued as one or more Global Debentures, then the Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, one or more Global Debentures which (i) shall represent, and shall be denominated in an aggregate amount equal to the aggregate principal amount of, all of the Outstanding Debentures of such series, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary's instruction and (iv) shall bear, subject to Section 2.01(12), a legend substantially to the following effect: "Except as otherwise provided in Section 2.11 of the Indenture, this Debenture may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary."

Appears in 7 contracts

Samples: Hi Trust Ii, Lyondell Trust Iii, Litchfield Financial Corp /Ma

AutoNDA by SimpleDocs

Global Debentures. (a) If the Company shall establish pursuant to Section 2.01 2.2 that the Debentures of a particular series are to be issued as one or more a Global DebenturesDebenture, then the Company shall execute and the Trustee shall, in accordance with Section 2.042.4, authenticate and deliver, one or more a Global Debentures which Debenture that (i) shall represent, and shall be denominated in an aggregate amount equal to the aggregate principal amount of, all of the Outstanding outstanding Debentures of such series, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary's instruction and (iv) shall bear, subject to Section 2.01(12), bear a legend substantially to the following effect: "Except as otherwise provided in Section 2.11 of the Indenture, this Debenture may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary."

Appears in 3 contracts

Samples: First Merchants Corp, First Merchants Capital Trust I, First Merchants Corp

AutoNDA by SimpleDocs

Global Debentures. (a) If the Company shall establish pursuant to Section 2.01 that the Debentures of a particular series are to be issued as one or more Global Debentures, then the Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, one or more Global Debentures which (i) shall represent, and shall be denominated in an aggregate amount equal to the aggregate principal amount of, all of the Outstanding Debentures of such series, (ii) ii shall be registered in the name of the Depositary or its nominee, (iii) ii shall be delivered by the Trustee to the Depositary or pursuant to the Depositary's instruction and (iv) iv shall bear, subject to Section 2.01(12), a legend substantially to the following effect: "Except as otherwise provided in Section 2.11 of the Indenture, this Debenture may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary."

Appears in 1 contract

Samples: Houston Industries Inc

Time is Money Join Law Insider Premium to draft better contracts faster.