Bearer Security definition

Bearer Security means any Security established pursuant to Section 201 which is payable to bearer.

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Bearer Security means any Security, including any interest coupon appertaining thereto, that does not provide for the identification of the Holder thereof.

Bearer Security means any Security in the form established pursuant to Section 201 which is payable to bearer.

Examples of Bearer Security in a sentence

The interest, if any, on any temporary Bearer Security shall be paid, as to any installment of interest evidenced by a coupon attached thereto, only upon presentation and surrender of such coupon and, as to other installments of interest, only upon presentation of such Security for notation thereon of the payment of such interest.
Except as permitted by Section 3.6 or 3.7, the Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and canceled.
The Trustee and the Company may assume that such ownership of any Bearer Security continues until (i) another such certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, (ii) such Bearer Security is produced to the Trustee by some other Person, (iii) such Bearer Security is surrendered in exchange for a Registered Security or (iv) such Bearer Security is no longer Outstanding.
Unless otherwise specified with respect to any Securities pursuant to Section 3.1, payment of the principal of, premium, if any, and interest, if any, on any Registered or Bearer Security of such series will be made in Dollars.
The Trustee and the Company may assume that such ownership of any Bearer Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding.

More Definitions of Bearer Security

Bearer Security means any Security except a Registered Security.

Bearer Security means any Security in the form established pursuant to Section 2.1 which is payable to bearer.

Bearer Security means any Security issued hereunder which is payable to bearer.

Bearer Security means any Debt Security established pursuant to Section 201 which is payable to bearer including, without limitation, unless the context otherwise indicates, a Debt Security in global bearer form.

Bearer Security means a Security which is payable to bearer.

Bearer Security means any Security established pursuant to Section 2.1 which is payable to bearer.

Bearer Security means a Security that is payable to bearer.