Common use of Restricted Global Security to Unrestricted Global Security Clause in Contracts

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer a beneficial interest in a Restricted Global Security to an Owner Transferee who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the Agent Member Transferor directing the Trustee, as Security Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Unrestricted Global Security in a principal amount equal to the Restricted Global Transferred Amount, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Section 312(b) given by the Owner Transferor, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global Security, and to increase the principal amount of the Unrestricted Global Security, by the Restricted Global Transferred Amount, and to credit or cause to be credited to the account of the Agent Member Transferee a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case having a principal amount equal to the Restricted Global Transferred Amount.

Appears in 6 contracts

Samples: Amcor Finance (Amcor PLC), Indenture (Amcor PLC), Amcor Finance (Amcor PLC)

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Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member’s account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global SecuritySecurity shall be reduced, and to increase the principal amount of an Unrestricted Global Security shall be increased, by the principal amount of the Unrestricted Global Security, by the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 2 contracts

Samples: Indenture (Huntsman International LLC), Agreement of Compromise and Settlement (Huntsman CORP)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security of any series wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global SecuritySecurity of such series, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member’s account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount at maturity equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C-2 given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount at maturity of the Restricted Global SecuritySecurity shall be reduced, and to increase the principal amount at maturity of the an Unrestricted Global SecuritySecurity shall be increased, by the principal amount at maturity of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount at maturity equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 1 contract

Samples: Indenture (Alta One Inc.)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor the holder of the beneficial interest in the Restricted Global Security wishes at any time to transfer such interest to a beneficial interest in a Restricted Global Security to an Owner Transferee Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(iisubclause (iv). Upon receipt by (x) the Trustee, as Security Registrar, at the Corporate Trust Office U.S. Depository of (1a) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, U.S. Depository to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, (2b) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee (and, in the case of any such transfer pursuant to Regulation S, the Euroclear or CEDEL account for which such Agent Member's account is held) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amountsuch beneficial interest, and (3c) a an appropriately completed certificate in substantially the form set forth in or contemplated by Section 312(b313(5) given by the Owner Transferorholder of such beneficial interest, and (y) the Capital Markets Trustee, as Security Registrar, at its Corporate Trust Office of (a) notification from the U.S. Depository of the transaction described in (x) above and (b) the certificate described in (x)(c) above, the Capital Markets Trustee, as Security Registrar, shall instruct the Depositary U.S. Depository for such Global Securities to reduce the principal amount of the Restricted Global Security, and to increase the principal amount of the Unrestricted Global Security (and, if so contemplated by such Security, an appropriate notation shall be made on each such Security), by the principal amount of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the amount by which the principal amount of the Restricted Global Transferred AmountSecurity was reduced upon such transfer. Thereafter, transfers of interests in such Unrestricted Global Security shall not be subject to the foregoing requirements.

Appears in 1 contract

Samples: Neches River Holding Corp

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security of any series wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global SecuritySecurity of such series, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C-2 given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global SecuritySecurity shall be reduced, and to increase the principal amount of an Unrestricted Global Security shall be increased, by the principal amount of the Unrestricted Global Security, by the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 1 contract

Samples: Indenture (Huntsman Polymers Corp)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office Registrar of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member’s account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee (and, if applicable, the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C-2 given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global SecuritySecurity shall be reduced, and to increase the principal amount of an Unrestricted Global Security shall be increased, by the principal amount of the Unrestricted Global Security, by the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 1 contract

Samples: Indenture (Huntsman CORP)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security of any series wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global SecuritySecurity of such series, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee (and, if applicable, the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C-2 given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global SecuritySecurity shall be reduced, and to increase the principal amount of an Unrestricted Global Security shall be increased, by the principal amount of the Unrestricted Global Security, by the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 1 contract

Samples: Huntsman Advanced Materials (UK) LTD

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the Holder of a beneficial interest in a Restricted Global Security of any series wishes at any time to an Owner Transferee transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global SecuritySecurity of such series, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii2.16(a)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1A) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Registrar to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security of the appropriate series in a principal amount equal to that of the beneficial interest in a Restricted Global Transferred AmountSecurity to be so transferred, (2B) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3C) a certificate in substantially the form set forth in Section 312(b) Exhibit C-2 given by the Owner TransferorHolder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global SecuritySecurity of such series shall be reduced, and to increase the principal amount of an Unrestricted Global Security of such series shall be increased, by the principal amount of the Unrestricted Global Security, by the beneficial interest in a Restricted Global Transferred AmountSecurity of such series to be so transferred, in each case by means of an appropriate adjustment on the records of the Registrar and the Registrar shall instruct DTC or its authorized representative to make a corresponding adjustment to its records and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the an Unrestricted Global Security, and to debit or cause to be debited to the account Security of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case such series having a principal amount equal to the Restricted Global Transferred Amountamount so transferred.

Appears in 1 contract

Samples: Indenture (Huntsman LLC)

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Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes If, at any time to transfer time, an owner of a beneficial interest in a the Restricted Global Security deposited with DTC (or the U.S. Trustee as custodian for DTC) wishes to transfer its interest in the Restricted Global Security to an Owner Transferee a Person who wishes is required or permitted to take delivery thereof in the form of a beneficial an interest in an the Unrestricted Global SecuritySecurity deposited with CDS (or the Canadian Trustee as custodian for CDS), such transfer may be effectedowner shall, subject to the Applicable Procedures, only exchange or cause the exchange of such beneficial interest for an equivalent beneficial interest in accordance with the Unrestricted Global Security as provided in this Section 305(d)(ii307(a). Upon receipt by the U.S. Trustee, as co-registrar and the Canadian Trustee, as Security Registrar, at the Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the U.S. Trustee, as co-registrar and the Canadian Trustee, as Security Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Unrestricted Global Security in a principal an amount equal to the beneficial interest in the Restricted Global Transferred AmountSecurity to be exchanged, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Agent Member Transferee CDS to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amountwith such increase, and (3) a certificate substantially in substantially the form set forth in Section 312(b) of Exhibit A-1 hereto given by the Owner Transferorowner of such beneficial interest, (A) the U.S. Trustee, as co-registrar, shall instruct DTC to reduce or cause to be reduced the aggregate principal amount of the Restricted Global Security and to debit, or cause to be debited, from the account of the Person making such exchange or transfer the beneficial interest in the Restricted Global Security that is being exchanged or transferred, and (B) the Canadian Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global Security, and CDS to increase or cause to be increased the aggregate principal amount of the Unrestricted Global Security, Security by the principal amount of the beneficial interest in the Restricted Global Transferred AmountSecurity to be exchanged, and to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited Security equal to the account reduction in the aggregate principal amount of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case having a principal amount equal to . In effecting such transfer between the Restricted Global Transferred AmountSecurity and the Unrestricted Global Security, the Canadian Trustee, as Security Registrar and the U.S. Trustee, as co-registrar, may instruct DTC or CDS, as the case may be, to transfer the beneficial interest in each Global Security through the DTC Zero Note or the CDS Zero Note, as the case may be, all in accordance with the Applicable Procedures of the Depositaries.

Appears in 1 contract

Samples: Indenture (Intrawest Corp)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor the holder of a beneficial interest in the Restricted Global Security wishes at any time to transfer such interest to a beneficial interest in a Restricted Global Security to an Owner Transferee Person who wishes to take delivery thereof in the form of a beneficial interest in an the Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii3.05(b)(iii). Upon receipt by the Trustee, as Security Registrar, at the its Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Trustee to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Unrestricted Global Security in a principal amount equal to that of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee (and the Euroclear or CEDEL account, as the case may be) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3) a certificate in substantially the form set forth in Section 312(b2.07(b) given by the Owner Transferorholder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the U.S. Depositary for such Global Securities to reduce the principal amount of the Restricted Global Security, and to increase the principal amount of the Unrestricted Global Security, by the principal amount of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Agent Member Transferee for Euroclear or CEDEL or both, as the case may be) a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the amount by which the principal amount of the Restricted Global Transferred AmountSecurity was reduced upon such transfer.

Appears in 1 contract

Samples: Indenture (Seacor Holdings Inc)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor the holder of a beneficial interest in the Restricted Global Security wishes at any time to transfer such interest to a beneficial interest in a Restricted Global Security to an Owner Transferee person who wishes to take delivery thereof in the form of a beneficial interest in an the Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, Procedures only in accordance with this Section 305(d)(ii6(c)(iii). Upon receipt by the TrusteeFiscal Agent, as Security RegistrarTransfer Agent, at the Corporate Trust Office its office in The City of New York of (1l) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Fiscal Agent to credit or cause to be credited to a specified Agent Member's account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Unrestricted Global Security in a principal amount equal to that of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee and, in the case of any such transfer pursuant to Regulation S, the Euroclear or CEDEL account for which such Agent Member's account is held) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3) a certificate in substantially the form set forth in Section 312(b) of Exhibit E attached hereto given by the Owner Transferorholder of such beneficial interest, the TrusteeFiscal Agent, as Security RegistrarTransfer Agent, shall instruct the U.S. Depositary for such Global Securities to reduce the principal amount of the Restricted Global Security, and to increase the principal amount of the Unrestricted Global Security, by the principal amount of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, and to credit or cause to be credited to the account of the Agent Member Transferee person specified in such instructions a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the amount by which the principal amount of the Restricted Global Transferred AmountSecurity was reduced upon such transfer.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Metlife Inc)

Restricted Global Security to Unrestricted Global Security. If an Owner Transferor wishes at any time to transfer the holder of a beneficial interest in a Restricted Global Security wishes at any time to an Owner Transferee transfer such interest to a person who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(ii305(c)(5)(iii). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the an Agent Member Transferor directing the Trustee, as Security Registrar, Trustee to credit or cause to be credited to a specified Agent Member’s account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the an Unrestricted Global Security in a principal amount equal to that of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee (and, in the case of any such transfer pursuant to Regulation S, the Euroclear or Cedel account for which such Agent Member’s account is held) to be credited with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, such beneficial interest and (3) a certificate in substantially the form set forth in or contemplated by Section 312(b311(b) given by the Owner Transferorholder of such beneficial interest, the Trustee, as Security Registrar, shall instruct the Depositary for such Global Securities to reduce the principal amount of the Restricted Global Security, and to increase the principal amount of the Unrestricted Global Security, by the principal amount of the beneficial interest in the Restricted Global Transferred AmountSecurity to be so transferred, and to credit or cause to be credited to the account of the Agent Member Transferee person specified in such instructions a beneficial interest in the Unrestricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Restricted Global Security, in each case Security having a principal amount equal to the amount by which the principal amount of the Restricted Global Transferred AmountSecurity was reduced upon such transfer.

Appears in 1 contract

Samples: Indenture (Rinker Group LTD)

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