Global Preferred Security definition

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

Global Preferred Security means a Preferred Security, the ownership and transfer of which shall be made through book entries by a Clearing Agency as described herein.

Global Preferred Security has the meaning set forth in Section 7.3(a).

Examples of Global Preferred Security in a sentence

• Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer.

• A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

• Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB/QP, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer.

• A holder of a Definitive Preferred Securities Certificate that is a QIB/QP may, upon request and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

• Notwithstanding the foregoing, nothing herein shall prevent the Trust, the Property Trustee or any agent of the Trust or the Property Trustee from giving effect to any written certification, proxy or other authorization furnished by the Clearing Agency or impair, as between the Clearing Agency and its Participants, the operation of customary practices of such Clearing Agency governing the exercise of the rights of a holder of a beneficial interest in any Global Preferred Security.

More Definitions of Global Preferred Security

Global Preferred Security has the meaning set forth in the Declaration.

Global Preferred Security has the meaning set forth in Section 7.3.

Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities. “Guarantee Agreement” means the Guarantee Agreement executed and delivered by the Depositor and Deutsche Bank Trust Company Americas, as guarantee trustee, contemporaneously with the execution and delivery of this Trust Agreement for the benefit of the holders of the Preferred Securities, as amended from time to time. “Holder” means a Person in whose name a Trust Security or Trust Securities are registered in the Securities Register; any such Person shall be a beneficial owner within the meaning of the Delaware Statutory Trust Act. 5

Global Preferred Security means a Restricted Global Preferred Security or a Regulation S Global Preferred Security.

Global Preferred Security means the Restricted Global Preferred Securities, the Regulation S Global Preferred Securities, the Accredited Investor Global Preferred Securities and the Unrestricted Global Preferred Securities.

Global Preferred Security. MEANS A PREFERRED SECURITIES CERTIFICATE EVIDENCING OWNERSHIP OF BOOK-ENTRY PREFERRED SECURITIES.

Global Preferred Security has the meaning set forth in the Declaration