Common use of Regulation S Global Security to Restricted Global Security Clause in Contracts

Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted to acquire the same in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected only in accordance with this clause (b)(2) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 305(c); provided that such transfers shall only occur between or among Global Dollar Securities or between or among Global Euro Securities.

Appears in 1 contract

Samples: Indenture (Exodus Communications Inc)

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Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted wishes to acquire the same in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected only in accordance with this clause Clause (b)(2b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Note Registrar, of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Restricted Period, a Restricted Securities Notes Certificate, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Note Registrar, shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 305(c2.08(d)(3); provided that such transfers shall only occur between or among Global Dollar Securities or between or among Global Euro Securities.

Appears in 1 contract

Samples: McLeodusa Inc

Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the a Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted wishes to acquire the same in the form of a beneficial interest in the Restricted Global SecuritySecurity of the same Series, such transfer may be effected only in accordance with this clause Clause (b)(2b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security of the same Series and in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Restricted Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security of the same Series by such specified principal amount as provided in Section 305(c); provided that such amount. If transfers shall only under this Clause (b)(ii) occur between or among Global Dollar after the Restricted Period, no Restricted Securities or between or among Global Euro SecuritiesCertificates will be required.

Appears in 1 contract

Samples: Delta Air Lines Inc /De/

Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the a Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted wishes to acquire the same in the form of a beneficial interest in the a Restricted Global Security, such transfer may be effected only in accordance with this clause Clause (b)(2b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, Registrar of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Restricted Period, a Restricted Securities Certificate, satisfactory to the Security Registrar and the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar, Registrar shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 305(c); provided that such amount. If transfers shall only under this Clause (b)(ii) occur between or among Global Dollar after the Restricted Period, no Restricted Securities or between or among Global Euro SecuritiesCertificates will be required.

Appears in 1 contract

Samples: Indenture (Limited Brands Inc)

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Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted to acquire the same in the form of a beneficial interest in the Restricted Global Security, such transfer may be effected only in accordance with this clause Clause (b)(2) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by such specified principal amount as provided in Section 305(c); provided that such transfers shall only occur between or among Global Dollar Securities or between or among Global Euro Securities.

Appears in 1 contract

Samples: Registration Rights Agreement (Exodus Communications Inc)

Regulation S Global Security to Restricted Global Security. If ---------------------------------------------------------- the owner of a beneficial interest in the a Regulation S Global Security wishes at any time to transfer such interest to a Person who is required or permitted wishes to acquire the same in the form of a beneficial interest in the Restricted Global SecuritySecurity of the same Series, such transfer may be effected only in accordance with this clause Clause (b)(2b)(ii) and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (A) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Security in a specified principal amount be credited to a specified Agent Member's account and that a beneficial interest in the Regulation S Global Security of the same Series and in an equal principal amount be debited from another specified Agent Member's account and (B) if such transfer is to occur during the Distribution Compliance Restricted Period, a Restricted Securities Certificate, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Regulation S Global Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security of the same Series by such specified principal amount as provided in Section 305(c); provided that such amount. If transfers shall only under this Clause (b)(ii) occur between or among Global Dollar after the Restricted Period, no Restricted Securities or between or among Global Euro SecuritiesCertificates will be required.

Appears in 1 contract

Samples: Indenture (Kinder Morgan Energy Partners L P)

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