Company: ZEUS
Filing Date: 2025-05-05
Form Type: S-3
Source: 0001437749-25-014524
Chunk: 22

Company: OLYMPIC STEEL INC
Filing Date: 2025-05-05
Form: S-3
Chunk 22
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 ● | register the transfer of or, exchange any, debt security of that series selected, called or being called for redemption, in whole or in part, except the unredeemed portion of any series being redeemed in part. |

We may initially appoint the trustee as the registrar. Any transfer agent, in addition to the registrar initially designated by us, will be named in the prospectus supplement. We may designate additional transfer agents or change transfer agents or change the office of the transfer agent. However, we will be required to maintain a transfer agent in each place of payment for the debt securities of each series.

Global Securities

The debt securities of any series may be represented, in whole or in part, by one or more global securities. Each global security will:

| ● | be registered in the name of a depositary that we will identify in a prospectus supplement; |

| ● | be deposited with the trustee as custodian for the depositary or its nominee; and |

| ● | bear any required legends. |

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No global security may be exchanged in whole or in part for debt securities registered in the name of any person other than the depositary or any nominee unless:

| ● | the depositary has notified us that it is unwilling or unable to continue as depositary or has ceased to be qualified to act as depositary, and in either case we fail to appoint a successor depositary registered as a clearing agency under the Exchange Act within 90 days of such event; |

| ● | we execute and deliver to the trustee an officer’s certificate to the effect that such global securities shall be so exchangeable; or |

| ● | an event of default with respect to the debt securities represented by such global securities shall have occurred and be continuing. |

As long as the depositary, or its nominee, is the registered owner of a global security, the depositary or nominee will be considered the sole owner and holder of the debt securities represented by the global security for all purposes under the indenture. Except in the above limited circumstances, owners of beneficial interests in a global security:

| ● | will not be entitled to have the debt securities registered in their names; |

| ● | will not be entitled to physical delivery of certificated debt securities; and |

| ● | will not be considered to be holders of those debt securities under the indenture. |

Payments on a global security will be made to the depositary or its nominee as the holder of the global security. Some jurisdictions have