Annotation of Global Notes Sample Clauses

Annotation of Global Notes. On each occasion on which Definitive Notes are so delivered, the amount of the relevant Global Note shall be reduced by the amount of the Definitive Notes so delivered and the Registrar shall procure that there is noted in the schedule to the relevant Global Note the amount of Definitive Notes so delivered (the PRINCIPAL AMOUNT) and the remaining Principal Amount Outstanding of the relevant Global Note and shall procure the signature of such notation on its behalf.
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Annotation of Global Notes. Whilst any of the Notes continues to be represented by the Global Notes, the Principal Paying Agent shall cause all payments of interest or principal (as the case may be) due in respect of the Notes to be made to, or to the order of, the Common Depositary for credit to the persons appearing in the records of Clearstream, Luxembourg and/or Euroclear as Noteholders. On the occasion of any such payment or distribution, the Principal Paying Agent shall cause the relevant grid appearing on the back of the relevant Global Note to be annotated by the Common Depositary so as to evidence the amounts and dates of such payments of interest or principal (as the case may be) in respect of the Notes as applicable. If the amount of interest or principal (as the case may be) then due for payment in respect of the Notes is not paid or distributed in full to the Common Depositary (otherwise than by reason of a deduction required by law to be made therefrom) the Principal Paying Agent shall cause the Common Depositary to make a record of such shortfall (and the relevant date on which it was due to be paid or distributed) on the relevant grid on the back of the relevant Global Note. In the absence of manifest error, such annotations of the Common Depositary shall be conclusive of such payments or distributions having been made or not made. If the Issuer shall have issued Notes, Coupons and Talons in definitive form, payments of interest or principal (as the case may be) in respect of the Notes and Coupons shall be made in accordance with the relevant Conditions.

Related to Annotation of Global Notes

  • Regulation S Global Note to Rule 144A Global Note If a holder of a beneficial interest in a Regulation S Global Note deposited with DTC wishes at any time to exchange its interest in such Regulation S Global Note for an interest in the corresponding Rule 144A Global Note or to transfer its interest in such Regulation S Global Note to a Person who wishes to take delivery thereof in the form of an interest in the corresponding Rule 144A Global Note, such holder may, subject to the immediately succeeding sentence and the rules and procedures of Euroclear, Clearstream and/or DTC, as the case may be, exchange or transfer, or cause the exchange or transfer of, such interest for an equivalent beneficial interest in the corresponding Rule 144A Global Note. Upon receipt by the Registrar of (A) instructions from Euroclear, Clearstream and/or DTC, as the case may be, directing the Registrar to cause to be credited a beneficial interest in the corresponding Rule 144A Global Note in an amount equal to the beneficial interest in such Regulation S Global Note, but not less than the Minimum Denomination applicable to such holder’s Notes to be exchanged or transferred, such instructions to contain information regarding the participant account with DTC to be credited with such increase, (B) a certificate in the form of Exhibit B-2 attached hereto given by the holder of such beneficial interest and stating, among other things, that, in the case of a transfer, the Person transferring such interest in such Regulation S Global Note reasonably believes that the Person acquiring such interest in a Rule 144A Global Note is a QIB/QP, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction and (C) a written certification in the form of Exhibit B-3 attached hereto given by the transferee in respect of such beneficial interest stating, among other things, that such transferee is a QIB/QP, then the Registrar will approve the instructions at DTC to reduce, or cause to be reduced, the Regulation S Global Note by the aggregate principal amount of the beneficial interest in the Regulation S Global Note to be transferred or exchanged and the Registrar shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the securities account of the Agent Member specified in such instructions a beneficial interest in the corresponding Rule 144A Global Note equal to the reduction in the principal amount of the Regulation S Global Note.

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