Common use of Transfer Restrictions for Global Notes Clause in Contracts

Transfer Restrictions for Global Notes. Upon receipt by the Registrar, at the office of the Registrar, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such 144A Global Note to be so exchanged or transferred, (ii) a written order from HVF III containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit E-1 hereto given by the applicable Note Owner holding such beneficial interest in such 144A Global Note, the Registrar shall instruct BNY, as custodian of DTC, to reduce the principal amount of the applicable 144A Global Note, and to increase the principal amount of the applicable Regulation S Global Note, by the principal amount of the beneficial interest in such 144A Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may be) a beneficial interest in such Regulation S Global Note having a principal amount equal to the amount by which the principal amount of such 144A Global Note was reduced upon such exchange or transfer.

Appears in 11 contracts

Samples: Hertz Corp, Hertz Corp, Hertz Corp

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Transfer Restrictions for Global Notes. Upon receipt by the Registrar, at the office of the Registrar, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S such 144A Global Note, Note in a principal amount equal to that of the beneficial interest in such 144A Regulation S Global Note to be so exchanged or transferred, (ii) a written order from HVF III containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest interest, and (iii) a certificate in substantially the form set forth in Exhibit E-1 E-2 hereto given by the applicable such Note Owner Owner, as applicable, holding such beneficial interest in such 144A Regulation S Global Note, the Registrar shall instruct BNY, as custodian of DTC, to reduce the principal amount of the applicable 144A such Regulation S Global Note, Note and to increase the principal amount of the applicable Regulation S such 144A Global Note, by the principal amount of the beneficial interest in such 144A Regulation S Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may beDTC) a beneficial interest in such Regulation S 144A Global Note having a principal amount equal to the amount by which the principal amount of such 144A Regulation S Global Note was reduced upon such exchange or transfer.

Appears in 11 contracts

Samples: Hertz Corp, Hertz Corp, Hertz Corp

Transfer Restrictions for Global Notes. Upon receipt by the Registrar, at the office of the Registrar, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such 144A Global Note to be so exchanged or transferred, (ii) a written order from HVF III containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit E-1 E-2 hereto given by the applicable Note Owner holding such beneficial interest in such 144A Global Note, the Registrar shall instruct BNY, as custodian of DTC, to reduce the principal amount of the applicable 144A Global Note, and to increase the principal amount of the applicable Regulation S Global Note, by the principal amount of the beneficial interest in such 144A Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may be) a beneficial interest in such Regulation S Global Note having a principal amount equal to the amount by which the principal amount of such 144A Global Note was reduced upon such exchange or transfer.

Appears in 7 contracts

Samples: Hertz Corp, Hertz Corp, Hertz Corp

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Transfer Restrictions for Global Notes. Upon receipt by the Registrar, at the office of the Registrar, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S such 144A Global Note, Note in a principal amount equal to that of the beneficial interest in such 144A Regulation S Global Note to be so exchanged or transferred, (ii) a written order from HVF III containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest interest, and (iii) a certificate in substantially the form set forth in Exhibit E-1 E-3 hereto given by the applicable such Note Owner Owner, as applicable, holding such beneficial interest in such 144A Regulation S Global Note, the Registrar shall instruct BNY, as custodian of DTC, to reduce the principal amount of the applicable 144A such Regulation S Global Note, Note and to increase the principal amount of the applicable Regulation S such 144A Global Note, by the principal amount of the beneficial interest in such 144A Regulation S Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as the case may beDTC) a beneficial interest in such Regulation S 144A Global Note having a principal amount equal to the amount by which the principal amount of such 144A Regulation S Global Note was reduced upon such exchange or transfer.

Appears in 7 contracts

Samples: Hertz Corp, Hertz Corp, Hertz Corp

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