Examples of Global Debenture Certificate in a sentence
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.
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.
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.
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.
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.
None of the Corporation, the Trustee, any other Registrar and any Paying Agent shall be liable or responsible to any Person for any aspect of the records related to or payments made on account of beneficial interests under any Global Debenture Certificate or for maintaining, reviewing, or supervising any records relating to such beneficial interests.
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.
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.