Bearer Security definition

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

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 2.1 which is payable to bearer.

Examples of Bearer Security in a sentence

• Except as permitted by Section 3.06, the Trustees shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled.

• The Trustees 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 Trustees 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.

• If any Security shall be represented by a permanent global Bearer Security, then, for purposes of this Section and Section 3.04, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary global Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s interest in such permanent global Security.

More Definitions of Bearer Security

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

Bearer Security means any Security except a Registered Security.

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 other than a Registered Security.

Bearer Security means a Security that is payable to bearer.