Common use of Unrestricted Global Security to Restricted Global Security Clause in Contracts

Unrestricted Global Security to Restricted Global Security. If an Owner Transferor wishes at any time to transfer a beneficial interest in an Unrestricted Global Security to an Owner Transferee who wishes to take delivery thereof in the form of a beneficial interest in a Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 305(d)(iv). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office of (1) written instructions given in accordance with the Applicable Procedures from the Agent Member Transferor, directing the Trustee, as Security Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the Restricted Global Security in principal amount equal to that of the beneficial interest in the Unrestricted Global Security to be so transferred (the “Unrestricted Global Transferred Amount”), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor to be debited for, the Unrestricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Section 312(d) given by the Owner Transferee, the Trustee, as Security Registrar, shall instruct the Depositary for such Securities to reduce the principal amount of the Unrestricted Global Security, and increase the principal amount of the Restricted Global Security, by the Unrestricted Global Transferred Amount, and to credit or cause to be credited to the account of the Agent Member Transferee a beneficial interest in the Restricted Global Security, and to debit or cause to be debited to the account of the Agent Member Transferor a beneficial interest in the Unrestricted Global Security, in each case having a principal amount equal to the Unrestricted Global Transferred Amount.

Appears in 6 contracts

Samples: Indenture (Amcor PLC), Amcor Finance (Amcor PLC), Amcor Finance (Amcor PLC)

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Unrestricted Global Security to Restricted Global Security. If an Owner Transferor wishes If, ---------------------------------------------------------- at any time to transfer time, an owner of a beneficial interest in an Unrestricted Global Security deposited with the Depositary (or with the Trustee as custodian for the Depositary) wishes to an Owner Transferee transfer its interest in such Unrestricted Global Security to a Person who wishes is required or permitted to take delivery thereof in the form of an interest in a Restricted Global Security, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security, such transfer may be effected, subject to the Applicable Procedures, only as provided in accordance with this Section 305(d)(iv313(b). Upon receipt by the Trustee, as Security Registrar, at the Corporate Trust Office Trustee of (1) written instructions given in accordance with the Applicable Procedures from the an Agent Member TransferorMember, directing the Trustee, as Security Securities Registrar, to credit or cause to be credited to a specified account of an Agent Member Transferee (which may but need not be an account with Euroclear or Clearstream) a beneficial interest in the a Restricted Global Security in principal amount equal to that of the beneficial interest in the an Unrestricted Global Security to be so transferred (the “Unrestricted Global Transferred Amount”)exchanged, and (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Agent Member Transferee Depositary to be credited with, and the account of the Agent Member Transferor to be debited for, the Unrestricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Section 312(d) given by the Owner Transfereewith such increase, the Trustee, as Security Securities Registrar, shall instruct the Depositary for such Securities to reduce or cause to be reduced the aggregate principal amount of the Unrestricted Global Security, Security and to increase or cause to be increased the aggregate principal amount of the Restricted Global Security, Security by the principal amount of the beneficial interest in the Unrestricted Global Transferred AmountSecurity to be exchanged, and the Trustee, as Securities Registrar, shall instruct the Depositary, concurrently with such reduction, to credit or cause to be credited to the account of the Agent Member Transferee Person specified in such instructions a beneficial interest in the Restricted Global Security, Security equal to the reduction in the aggregate principal amount of the Unrestricted Global Security and to debit or cause to be debited to from the account of the Agent Member Transferor a acting for the Person making such transfer the beneficial interest in the Unrestricted Global Security, in each case having a principal amount equal to the Unrestricted Global Transferred AmountSecurity that is being transferred.

Appears in 1 contract

Samples: Globenet Communications Group LTD

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