Global Debt Securities. The Debt Securities issued under this Indenture may be in the form of Global Debt Securities. Each Global Debt Security issued under this Indenture will be deposited with the Trustee at its Corporate Trust Office, as custodian for the Depositary, and registered in the name of the Depositary or the nominee thereof, duly executed by the Company, and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of any Global Debt Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary as hereinafter provided. Any adjustment of the aggregate principal amount of a Global Debt Security, to reflect the amount of any increase or decrease in the amount of outstanding Debt Securities represented thereby, will be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.8 hereof and will be made on the records of the Trustee and the Depositary. Global Debt Securities will be Registered Securities and may be issued in either temporary or permanent form. Each Depositary for Global Debt Securities must, at the time of its designation and at all times while it serves as Depositary for the Global Debt Securities, be a clearing agency registered under the Exchange Act and any other applicable statute or regulations.
Global Debt Securities. Debt Securities issued to a Depository in the form of Global Debt Securities shall be subject to the following:
Global Debt Securities. The debt securities of a series may be issued in whole or in part in global form. The global securities will be deposited with a depositary, or with a nominee for a depositary, identified in the accompanying prospectus supplement. In this case, one or more global securities will be issued in a denomination or aggregate denominations equal to the portion of the aggregate principal amount of outstanding debt securities of the series to be represented by the global security or securities. Unless and until it is exchanged in whole or in part for debt securities in definitive form, a global security may not be transferred except as a whole by the depositary for the global security to a nominee of the depositary or by a nominee of the depositary to the depositary or another nominee of the depositary or by the depositary or any nominee to a successor of the depositary or a nominee of the successor. The specific material terms of the depositary arrangement with respect to any portion of a series of debt securities to be represented by a global security will be described in the applicable accompanying prospectus supplement. We anticipate that the following provisions will apply to all depositary arrangements. Upon the issuance of a global security, the depositary for the global security will credit, on its book-entry registration and transfer system, the respective principal amounts of the debt securities represented by the global security to the accounts of persons or participants that have accounts with the depositary. The accounts to be credited will be designated by any underwriters or agents participating in the distribution of the debt securities. Ownership of beneficial interests in a global security will be limited to participants or persons that may hold interests through participants. Ownership of beneficial interests in the global security will be shown on, and the transfer of that ownership will be effected only through, records maintained by the depositary for the global security, with respect to interests of participants, or by participants or persons that hold through participants, with respect to interests of persons other than participants. So long as the depositary for a global security, or its nominee, is the registered owner of the global security, the depositary or the nominee, as the case may be, will be considered the sole owner or holder of the debt securities represented by the global security for all purposes under the indenture; provided,...
Global Debt Securities. Each series of Debt Securities will be issued in permanent global form as one or more global securities (each, a “Global Debt Security”), and the Depositary shall be The Depository Trust Company or such other depositary as any officer of the Company may from time to time designate. Debt Securities represented by the Global Debt Securities will be exchangeable for Debt Securities of the applicable series in certificated form only (x) if the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the Global Debt Securities of such series or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act, and the Company has not appointed a successor Depositary within 90 days of that notice or of its becoming aware of such cessation, (y) an Event of Default with respect to such Debt Securities has occurred under the Indenture and is continuing, and the Depositary requests the issuance of certificated Debt Securities of the applicable series, or (z) subject to the Depositary’s procedures, the Company determines not to have the Debt Securities of such series represented by a Global Debt Security; provided that the Debt Securities of the applicable series in certificated form so issued in exchange for the Global Debt Securities representing such series shall be in denominations of $1,000 or any whole multiple of $1,000 above that amount and be of like aggregate principal amount and tenor as the portion of the Global Debt Securities to be exchanged. Except as provided above, owners of beneficial interest in a Global Debt Security will not be entitled to receive physical delivery of Debt Securities of the applicable series in certificated form and will not be considered the Holders thereof for any purpose under the Indenture. Unless and until such Global Debt Security is exchanged for Debt Securities of the applicable series in certificated form, Global Debt Securities may be transferred, in whole but not in part, and any payments on the Debt Securities shall be made, only to the Depositary or a nominee of the Depositary, or to a successor Depositary selected or approved by the Company or to a nominee of such successor Depositary. Any Global Debt Security that is exchangeable pursuant to clause (x) of the second sentence of this Section 2.04 shall be exchangeable for Debt Securities of the applicable series in certificated form registered in such names as the Depositary shall direct.
Global Debt Securities. The Debt Securities will initially be issued in the form of one or more definitive Debt Securities. Solely upon the election of the holder of Outstanding Debt Securities, which election need not be in writing, the definitive Debt Securities owned by such holder shall be exchanged for Debt Securities issued in the form of one or more Global Debt Securities registered in the name of the Depositary or its nominee. Each Global Debenture issued under this Indenture shall be registered in the name of the Depositary designated by the Company for such Global Debt Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Debt Security shall constitute a single Debt Security for all purposes of this Indenture. The Company agrees to cause this Indenture to be amended to include the terms applicable to such Global Debt Securities at the time of such election by the Securityholder.
