Examples of Rule 144A Global Preferred Security in a sentence
The number of Preferred Securities represented by the Rule 144A Global Preferred Security may from time to time be increased or decreased by adjustments made on the records of the Property Trustee and the Depositary or its nominee as hereinafter provided.
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 Depositary or impair, as between the Depositary and its Participants, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any Rule 144A Global Preferred Security.
Except as provided in Section 7.03(d), owners of beneficial interests in the Rule 144A Global Preferred Security will not be entitled to receive physical delivery of certificated Preferred Securities.
After the effectiveness of the Shelf Registration Statement, the Administrative Trustees shall execute and deliver and the Property Trustee shall authenticate a Preferred Security in global form without the Restricted Securities Legend (the "Unrestricted Global Preferred Security") to deposit with the Depositary to evidence transfers of beneficial interests from the Rule 144A Global Preferred Security.
Definitive Preferred Securities that are transferred to QIBs in accordance with Rule 144A under the Securities Act must take delivery of their interests in the Preferred Securities in the form of a beneficial interest in the Rule 144A Global Preferred Security in accordance with Section 9.02(e).
Except as provided in Section 7.9, owners of beneficial interests in the Rule 144A Global Preferred Security will not be entitled to receive physical delivery of certificated Preferred Securities.
No such transfer or exchange of a Restricted Definitive Preferred Security or of an interest in the Rule 144A Global Preferred Security shall be effective unless the transferor delivers to the Trust a certificate in the form of Exhibit D hereto as to compliance by such person with the provisions of the Registration Rights Agreement applicable thereto.
Definitive Preferred Securities that are transferred to QIBs in accordance with Rule 144A under the Securities Act prior to the effectiveness of a registration statement under the Securities Act must take delivery of their interests as the Preferred Securities in the form of a beneficial interest in the Rule 144A Global Preferred Security in accordance with Section 9.2(e).
Any Preferred Security in the form of certificated Preferred Securities delivered in exchange for an interest in the Rule 144A Global Preferred Security shall, except as otherwise provided by Section 9.01, bear the Restricted Securities Legend set forth in Exhibit A hereto.
After the effectiveness of the Shelf Registration Statement, the Trust shall issue and the Property Trustee shall authenticate a Preferred Security in global form without the Restricted Securities Legend (the "Unrestricted Global Preferred Security") to deposit with the Depositary to evidence transfers of (i) beneficial interests from the Rule 144A Global Preferred Security and (ii) IAI Definitive Preferred Securities.