Global Unit definition

Global Unit means a Unit in global form that shall (a) evidence the number of Units specified therein, (b) be registered on the Security Register in the name of the Depositary or its nominee, (c) include, as attachments thereto, a Component Note and a Component Purchase Contract, evidencing, respectively, a number of Notes and a number of Purchase Contracts, in each case, equal to the number of Units evidenced by such Unit in global form, and (d) be held by the Purchase Contract Agent as custodian for the Depositary.
Global Unit has the meaning ascribed to such term in the Purchase Contract Agreement.
Global Unit means any Unit that comprises one or more Global Securities and is represented by a global Unit Certificate in bearer or registered form.

Examples of Global Unit in a sentence

  • Beneficial interests in a Global Unit Certificate will be represented only through the Book-Entry System.

  • No purchaser of Trust Units represented by a Global Unit Certificate will be entitled to a certificate or other instrument from the Trust or the Depository evidencing that purchaser’s ownership thereof except in the circumstances where the Depository resigns or is removed from its responsibilities as depository and the Trustee is unable or does not wish to locate a qualified successor.

  • Where this Agreement provides for notice to Holders, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first class postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security Register; provided, however, that, in the case of a Global Unit or Global Purchase Contract, electronic notice may be given to the Depositary, as the Holder thereof, in accordance with the applicable procedures of the Depositary.

  • In order to cause the separation of a Global Unit into its component parts, a Beneficial Holder must comply with the applicable procedures of the Depositary.

  • The aggregate number of Units issued may from time to time be increased, if required by any legal or regulatory requirem ents, by adjustments made on the records of the Liquidating Trust and a corresponding increase in the number of Units evidenced by such Global Unit Certificate (as shall be specified in the schedule included as part of the Global Unit Certificate or the issuance of further Global Unit Certificates in respect of such additional Units).


More Definitions of Global Unit

Global Unit means a Unit in global form that (i) shall evidence the number of Units specified therein, (ii) shall be registered on the books and records of the Purchase Contract Agent in the name of the Depositary or its nominee and (iii) shall be held by the Purchase Contract Agent as custodian for the Depositary.
Global Unit means a Certificate that evidences all or part of the Units and is registered in the name of a Clearing Agency or a nominee thereof.
Global Unit means any Unit that comprises one or more Initial Warrant Certificates and/or Attached Notes and is represented by a Global Unit Certificate. The Rule 144A Global Unit, the IAI Global Unit, the Regulation S Global Unit and any Unrestricted Global Unit are each referred to herein as a “Global Unit” and are collectively referred to herein as “Global Units.”
Global Unit means a Unit compromised of Global Notes.
Global Unit means a Unit in global form that (a) shall evidence the number of Units specified therein, (b) shall be registered on the security register in the name of the Depositary or its nominee and (c) shall be held by the Purchase Contract Agent as custodian for the Depositary.
Global Unit has the meaning provided in SECTION 2.01.
Global Unit means a Unit comprised of Global Notes.