Global Debenture Certificate definition
Examples of Global Debenture Certificate in a sentence
In the case of a Global Debenture Certificate, the Depository may appoint or cause to be appointed a Person or Persons as proxies and shall designate the number of votes entitled to each such Person, and each such Person shall be entitled to be present at any meeting of Debentureholders and shall be the Persons entitled to vote at such meeting in accordance with the number of votes set out in the Depository’s designation.
None of the Corporation, the Trustee and any other Paying Agent shall have any responsibility or liability for any aspects of the records relating to or payments made by any Depository or any BEO Participant on account of the beneficial interest under any Global Debenture Certificate.
With respect to a Global Debenture Certificate, each owner of beneficial interest thereunder shall request and receive a Debenture Certificate in definitive form and shall deliver such Debenture Certificate to the Trustee together with a representation in a form satisfactory to the Trustee as to the number of Common Shares held by it.
Beneficial interests under the Global Debenture Certificate will not be shown on the Register or the records maintained by the Depository but will be represented through book-entry accounts of BEO Participants on behalf of the beneficial owners under such Global Debenture Certificate.
Notwithstanding any other provision of this Indenture, all payments in respect of Debentures represented by a Global Debenture Certificate shall be made to the Depository or its nominee for subsequent payment by the Depository or its nominee to BEO Participants.
Subject to the provisions of this Section 2.5, any exchange of a Global Debenture Certificate for Debenture Certificates which are not Global Debenture Certificates may be made in whole or in part in accordance with the provisions of Section 2.9, mutatis mutandis.
The Debentures (other than Debentures issued to or for the account or benefit of Persons who are ineligible to be beneficial owners under a Global Debenture Certificate) shall be issued as Book Entry Only Debentures represented by one or more Global Debenture Certificates.
If a beneficial owner of a Debenture is ineligible to be a beneficial owner under a Global Debenture Certificate, the Debenture Certificate shall be in fully registered form and shall be issued to the beneficial owner of such Debenture or its nominee.
Except as provided in this Section 2.5, owners of beneficial interests under any Global Debenture Certificate shall not be entitled to have Debentures registered in their names and shall not receive or be entitled to receive Debenture Certificates in definitive form.
Each Global Debenture Certificate authenticated in accordance with this Indenture shall be registered in the name of the Depository designated for such Global Debenture Certificate or a nominee thereof and delivered to such Depository or a nominee thereof as custodian therefor, and each such Global Debenture Certificate shall constitute a single Debenture Certificate for all purposes of this Indenture.