Common use of Surrender of Securities Clause in Contracts

Surrender of Securities. Without prejudice to the Issuer’s right to convert or exchange the Securities, any Security which is to be converted or exchanged shall, unless such Security is registered as a global security, be surrendered at an office or agency of the Issuer designated for that purpose pursuant to Section 10.02 not less than 10 days prior to the Event Date (with due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Subordinated Trustee duly executed by the Holder thereof or his attorney-in-fact duly authorized in writing) accompanied by written notice specifying the name or names with address or addresses in which the Preference Shares, are to be issued. The Subordinated Trustee will inform the Issuer of all such notices and the Issuer will, if applicable, direct the ADR Depositary accordingly under the terms of the ADR Deposit Agreement. Securities surrendered for conversion or exchange shall, if surrendered to any Person other than the Subordinated Trustee, be delivered to the Subordinated Trustee for delivery by it to the Issuer or, if delivered to the Subordinated Trustee, shall be delivered by it to the Issuer.

Appears in 2 contracts

Samples: Indenture (Prudential PLC), Prudential Subordinated Indenture (Prudential PLC)

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Surrender of Securities. Without prejudice to the Issuer’s right to convert or exchange the Securities, any Security which is to be converted or exchanged shall, unless such Security is registered as a global securitySecurity, be surrendered at an office or agency of the Issuer designated for that purpose pursuant to Section 10.02 not less than 10 days prior to the Event Date (with due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Subordinated Trustee duly executed by the Holder thereof or his attorney-in-fact duly authorized in writing) accompanied by written notice to the Issuer (with a copy to the Subordinated Trustee) specifying the name or names with address or addresses in which the Preference Shares, are to be issued. The Subordinated Trustee will inform the Issuer Upon receipt of all such notices and written notice, the Issuer will, if applicable, direct the ADR Depositary accordingly under the terms of the ADR Deposit Agreement. Securities surrendered for conversion or exchange shall, if surrendered to any Person other than the Subordinated Trustee, be delivered to the Subordinated Trustee for delivery by it to the Issuer or, if delivered to the Subordinated Trustee, shall be delivered by it to the Issuer.

Appears in 1 contract

Samples: Subordinated Indenture (Prudential PLC)

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Surrender of Securities. Without prejudice to the Issuer’s right to convert or exchange the Securities, any Security which is to be converted or exchanged shall, unless such Security is registered as a global security, be surrendered at an office or agency of the Issuer designated for that purpose pursuant to Section 10.02 not less than 10 days prior to the Event Date (with due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Subordinated Trustee duly executed by the Holder thereof or his attorney-in-fact duly authorized in writing) accompanied by written notice specifying the name or names with address or addresses in which the Preference Shares, are to be issued. The Subordinated Trustee will inform the Issuer of all such notices and the Issuer will, if applicable, direct the ADR Depositary accordingly under the terms of the ADR Deposit Agreement. Securities surrendered for conversion or exchange shall, if surrendered to any Person other than the Subordinated Trustee, be delivered to the Subordinated Trustee for delivery by it to the Issuer or, if delivered to the Subordinated Trustee, shall be delivered by it to the Issuer.

Appears in 1 contract

Samples: Prudential Subordinated Indenture (Prudential PLC)

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