Common use of Temporary Global Notes and Permanent Global Notes Clause in Contracts

Temporary Global Notes and Permanent Global Notes. Series 2004-1 Investor Notes of each Class offered and sold on the Series 2004-1 Closing Date in reliance upon Regulation S will be issued in the form of one or more Global Notes in fully registered form, without coupons, substantially in the forms set forth in Exhibits A-1-2 and A-2-2, which shall be -------------- ----- deposited on behalf of the purchasers of the Series 2004-1 Investor Notes represented thereby with a custodian for, and registered in the name of a nominee of DTC, for the account of Euroclear Bank S.A./N.V., as operator of the Euroclear System ("Euroclear") or for Clearstream Banking, societe anonyme --------- ("Clearstream"), duly executed by the Issuer and authenticated by the Indenture ------------ Trustee in the manner set forth in Section 2.3 of the Base Indenture. Until ----------- such time as the Restricted Period shall have terminated, such Series 2004-1 Investor Notes shall be referred to herein collectively as the "Temporary Global ---------------- Notes". After such time as the Restricted Period shall have terminated, such ----- Series 2004-1 Investor Notes, as to which the Indenture Trustee has received from Euroclear or Clearstream, as the case may be, a certificate substantially in the form of Exhibit B-4 to the effect that Euroclear or Clearstream, as - ------------ applicable, has received a certificate substantially in the form of Exhibit B-5, ------------ shall be exchanged, in whole or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the form of Exhibits A-1-3 and A-2-3, as hereinafter provided (collectively, the --------------- ----- "Permanent Global Notes"). The aggregate principal amount of a Class of the ------------------------ Temporary Global Notes or the Permanent Global Notes may from time to time be increased or decreased by adjustments made on the records of JPMorgan Chase, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Class of Restricted Global Notes, as hereinafter provided.

Appears in 1 contract

Sources: Indenture Supplement (PHH Corp)

Temporary Global Notes and Permanent Global Notes. The Series 20042009-1 2 Investor Notes of each Class offered and sold on the Series 20042009-1 2 Closing Date in reliance upon Regulation S will be issued in the form of one or more Global Notes in fully registered form, without coupons, substantially in the forms set forth in Exhibits A-1-2 A-2, B-2 and A-2-2C-2, respectively, which shall be -------------- ----- deposited on behalf of the purchasers of the Series 20042009-1 2 Investor Notes represented thereby with a custodian for, and registered in the name of a nominee of DTC, for the account of Euroclear Bank S.A./N.V., as operator of the Euroclear System ("Euroclear") or for Clearstream Banking, societe anonyme --------- ("Clearstream"), duly executed by the Issuer and authenticated by the Indenture ------------ Trustee in the manner set forth in Section 2.3 of the Base Indenture. Until ----------- such time as the Restricted Period shall have terminated, such Series 2004-1 Investor Global Notes shall be referred to herein collectively as the "Temporary Global ---------------- Notes". After such time as the Restricted Period shall have terminated, such ----- Series 20042009-1 2 Investor Notes, as to which the Indenture Trustee has received from Euroclear or Clearstream, as the case may be, a certificate substantially in the form of Exhibit B-4 D-4 to the effect that Euroclear or Clearstream, as - ------------ applicable, has received a certificate substantially in the form of Exhibit B-5D-5, ------------ shall be exchanged, in whole or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the form of Exhibits A-1-3 Exhibit A-3, B-3 and A-2-3, C-3 as hereinafter provided (collectively, the --------------- ----- "Permanent Global Notes"). The aggregate principal amount of a Class of the ------------------------ Temporary Global Notes or the Permanent Global Notes may from time to time be increased or decreased by adjustments made on the records of JPMorgan ChaseThe Bank of New York Mellon, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Class of Restricted Global Notes, as hereinafter provided.

Appears in 1 contract

Sources: Indenture Supplement (PHH Corp)

Temporary Global Notes and Permanent Global Notes. The Series 20042011-1 2 Investor Notes of each Class offered and sold on the Series 20042011-1 2 Closing Date in reliance upon Regulation S will be issued in the form of one or more Global Notes in fully registered form, without coupons, substantially in the forms set forth in Exhibits A-1-2 A-2, B-2 and A-2-2C-2, respectively, which shall be -------------- ----- deposited on behalf of the purchasers of the Series 20042011-1 2 Investor Notes represented thereby with a custodian for, and registered in the name of a nominee of DTC, for the account of Euroclear Bank S.A./N.V., as operator of the Euroclear System ("Euroclear") or for Clearstream Banking, societe anonyme --------- ("Clearstream"), duly executed by the Issuer and authenticated by the Indenture ------------ Trustee in the manner set forth in Section 2.3 of the Base Indenture. Until ----------- such time as the Restricted Period shall have terminated, such Series 2004-1 Investor Global Notes shall be referred to herein collectively as the "Temporary Global ---------------- Notes". After such time as the Restricted Period shall have terminated, such ----- Series 20042011-1 2 Investor Notes, as to which the Indenture Trustee has received from Euroclear or Clearstream, as the case may be, a certificate substantially in the form of Exhibit B-4 D-4 to the effect that Euroclear or Clearstream, as - ------------ applicable, has received a certificate substantially in the form of Exhibit B-5D-5, ------------ shall be exchanged, in whole or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the form of Exhibits A-1-3 Exhibit A-3, B-3 and A-2-3, C-3 as hereinafter provided (collectively, the --------------- ----- "Permanent Global Notes"). The aggregate principal amount of a Class of the ------------------------ Temporary Global Notes or the Permanent Global Notes may from time to time be increased or decreased by adjustments made on the records of JPMorgan ChaseThe Bank of New York Mellon, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Class of Restricted Global Notes, as hereinafter provided.

Appears in 1 contract

Sources: Indenture Supplement (PHH Corp)