Common use of Temporary Regulation S Debenture to Permanent Regulation S Debenture Clause in Contracts

Temporary Regulation S Debenture to Permanent Regulation S Debenture. After the expiration of the Restricted Period, interests in a Temporary Regulation S Debenture as to which the Trustee has received from Euroclear or Clearstream, Luxembourg, as the case may be, a certificate substantially in the form of Exhibit E hereto to the effect that Euroclear or Clearstream, Luxembourg, as applicable, has received a certificate substantially in the form of Exhibit F hereto from the holder of a beneficial interest in such Temporary Regulation S Debenture, will be exchanged, on and after the Restricted Period, for interests in the Permanent Regulation S Debenture. The Trustee shall effect such exchange by delivering to the Depository for credit to the respective accounts of the holders of Debentures represented by a beneficial interest in the Temporary Regulation S Global Debenture, a duly executed and authenticated Permanent Regulation S Debenture, representing the principal amount of interests in the Temporary Regulation S Debenture initially exchanged for interests in the Permanent Regulation S Debenture. The delivery to the Trustee by Euroclear or Clearstream, Luxembourg of the certificate or certificates referred to above may be relied upon by the Company and the Trustee as conclusive evidence that the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream, Luxembourg pursuant to the terms of this Fifth Supplemental Indenture and the Temporary Regulation S Debenture. Upon any exchange of interests in a Temporary Regulation S Debenture for interests in a Permanent Regulation S Debenture, the Trustee shall endorse the Temporary Regulation S Debenture to reflect the reduction in the principal amount represented thereby by the amount so exchanged and shall endorse the Permanent Regulation S Debenture to reflect the corresponding increase in the amount represented thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Debenture, and the Debentures evidenced thereby, shall in all respects be entitled to the same benefits under the Indenture as the Permanent Regulation S Debenture and the Rule 144A Debenture authenticated and delivered hereunder.

Appears in 2 contracts

Samples: Liberty Media Corp /De/, Liberty Media Corp /De/

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Temporary Regulation S Debenture to Permanent Regulation S Debenture. After the expiration of the Restricted Period, interests in a Temporary Regulation S Debenture as to which the Trustee has received from Euroclear or Clearstream, Luxembourg, as the case may be, a certificate substantially in the form of Exhibit E hereto to the effect that Euroclear or Clearstream, Luxembourg, as applicable, has received a certificate substantially in the form of Exhibit F hereto from the holder of a beneficial interest in such Temporary Regulation S Debenture, will be exchanged, on and after the Restricted Period, for interests in the Permanent Regulation S Debenture. The Trustee shall effect such exchange by delivering to the Depository for credit to the respective accounts of the holders of Debentures represented by a beneficial interest in the Temporary Regulation S Global Debenture, a duly executed and authenticated Permanent Regulation S Debenture, representing the principal amount of interests in the Temporary Regulation S Debenture initially exchanged for interests in the Permanent Regulation S Debenture. The delivery to the Trustee by Euroclear or Clearstream, Luxembourg of the certificate or certificates referred to above may be relied upon by the Company and the Trustee as conclusive evidence that the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream, Luxembourg pursuant to the terms of this Fifth Sixth Supplemental Indenture and the Temporary Regulation S Debenture. Upon any exchange of interests in a Temporary Regulation S Debenture for interests in a Permanent Regulation S Debenture, the Trustee shall endorse the Temporary Regulation S Debenture to reflect the reduction in the principal amount represented thereby by the amount so exchanged and shall endorse the Permanent Regulation S Debenture to reflect the corresponding increase in the amount represented thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Debenture, and the Debentures evidenced thereby, shall in all respects be entitled to the same benefits under the Indenture as the Permanent Regulation S Debenture and the Rule 144A Debenture authenticated and delivered hereunder.

Appears in 1 contract

Samples: Indenture (Liberty Media Corp /De/)

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Temporary Regulation S Debenture to Permanent Regulation S Debenture. After the expiration of the Restricted Period, interests in a Temporary Regulation S Debenture as to which the Trustee has received from Euroclear or Clearstream, LuxembourgCedel, as the case may be, a certificate substantially in the form of Exhibit E hereto to the effect that Euroclear or Clearstream, LuxembourgCedel, as applicable, has received a certificate substantially in the form of Exhibit F hereto from the holder of a beneficial interest in such Temporary Regulation S Debenture, will be exchanged, on and after the Restricted Period, for interests in the Permanent Regulation S Debenture. The Trustee shall effect such exchange by delivering to the Depository for credit to the respective accounts of the holders of Debentures represented by a beneficial interest in the Temporary Regulation S Global Debenture, a duly executed and authenticated Permanent Regulation S Debenture, representing the principal amount of interests in the Temporary Regulation S Debenture initially exchanged for interests in the Permanent Regulation S Debenture. The delivery to the Trustee by Euroclear or Clearstream, Luxembourg Cedel of the certificate or certificates referred to above may be relied upon by the Company and the Trustee as conclusive evidence that the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream, Luxembourg Cedel pursuant to the terms of this Fifth Fourth Supplemental Indenture and the Temporary Regulation S Debenture. Upon any exchange of interests in a Temporary Regulation S Debenture for interests in a Permanent Regulation S Debenture, the Trustee shall endorse the Temporary Regulation S Debenture to reflect the reduction in the principal amount represented thereby by the amount so exchanged and shall endorse the Permanent Regulation S Debenture to reflect the corresponding increase in the amount represented thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Debenture, and the Debentures evidenced thereby, shall in all respects be entitled to the same benefits under the Indenture as the Permanent Regulation S Debenture and the Rule 144A Debenture authenticated and delivered hereunder.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Liberty Media Corp /De/)

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