Common use of Temporary Debt Securities Clause in Contracts

Temporary Debt Securities. Until definitive Debt Securities of a Series are prepared, Jamaica may (and, if the Authorization so requires, Jamaica shall) execute, and there shall be authenticated and delivered in accordance with the provisions of Section 3 hereof (in lieu of definitive printed Debt Securities of such Series), temporary Debt Securities of such Series. Such temporary Debt Securities may be in global form. Such temporary Debt Securities of a Series shall be subject to the same limitations and conditions and entitled to the same rights and benefits as definitive Debt Securities of such Series, except as provided herein or therein. In the event that interests in temporary global Debt Securities of a Series are to be exchanged for interests in definitive Debt Securities, such exchange shall occur as soon as practicable after the closing date. Upon the surrender for exchange of temporary Debt Securities of a Series, Jamaica shall execute and there shall be authenticated and delivered, in accordance with the provisions of Sections 5 and 6 hereof, in exchange for such temporary Debt Securities of a Series, a like aggregate principal amount of definitive Debt Securities of such Series of like tenor. Jamaica shall pay all charges, including (without limitation) stamp, transfer and other similar taxes and governmental charges, incident to any exchange of temporary Debt Securities for definitive Debt Securities. All temporary Debt Securities shall be identified as such and shall describe the right of the holder thereof to effect an exchange for definitive Debt Securities and the manner in which such an exchange may be effected.

Appears in 5 contracts

Samples: Agency Agreement (Jamaica Government Of), Fiscal Agency Agreement (Jamaica Government Of), Fiscal Agency Agreement (Jamaica Government Of)

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Temporary Debt Securities. Until definitive Debt Securities of a Series are prepared, Jamaica may (and, if the Authorization so requires, Jamaica shall) execute, and there shall be authenticated and delivered in accordance with the provisions of Section 3 hereof (in lieu of definitive printed Debt Securities of such . Series), temporary Debt Securities of such Series. Such temporary Debt Securities may be in global form. Such temporary Debt Securities of a Series shall be subject to the same limitations and conditions and entitled to the same rights and benefits as definitive Debt Securities of such Series, except as provided herein or therein. In the event that interests in temporary global Debt Securities of a Series are to be exchanged for interests in definitive Debt Securities, such exchange shall occur as soon as practicable after the closing date. Upon the surrender for exchange of temporary Debt Securities of a Series, Jamaica shall execute and there shall be authenticated and delivered, in accordance with the provisions of Sections 5 and 6 hereof, in exchange for such temporary Debt Securities of a Series, a like aggregate principal amount of definitive Debt Securities of such Series of like tenor. Jamaica shall pay all charges, including (without limitation) stamp, transfer and other similar taxes and governmental charges, incident to any exchange of temporary Debt Securities for definitive Debt Securities. All temporary Debt Securities shall be identified as such and shall describe the right of the holder thereof to effect an exchange for definitive Debt Securities and the manner in which such an exchange may be effected.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Jamaica Government Of)

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