Common use of Authentication and delivery of Global Notes Clause in Contracts

Authentication and delivery of Global Notes. 3.4.1 Immediately before the issue of any Global Note or Global Note Certificate, the Principal Paying Agent (or its agent on its behalf) or, as the case may be, the Registrar (or an agent on its behalf), shall authenticate it. Following authentication of any Global Note or Global Note Certificate, the Principal Paying Agent or, as the case may be, the Registrar shall: (a) Medium term note settlement procedures: in the case of a Tranche or Series, as the case may be, of Notes which is not syndicated among two or more Dealers but which is intended to be cleared through a clearing system, on the Local Banking Day immediately preceding its Issue Date deliver each relevant Global Note or Global Note Certificate to the relevant depositary for Euroclear and/or Clearstream, Luxembourg (which in the case of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS shall be a specified Common Safekeeper) or to the relevant depositary for such other clearing system as shall have been agreed between the Relevant Issuer and the Principal Paying Agent or, as the case may be, the Registrar and instruct the clearing systems to whom (or to whose depositary) each relevant Global Note or Global Note Certificate has been delivered, to credit the underlying Notes represented by such Global Note to the securities account(s) at such clearing systems that have been notified to the Principal Paying Agent or, as the case may be, the Registrar by the Relevant Issuer, on a delivery against payment basis or, if specifically agreed between them, on a delivery free of payment basis; and (b) in the case of an NGN Temporary Global Note or an NGN Permanent Global Note, or a Global Note Certificate to be held under the NSS, instruct the Common Safekeeper to effectuate the Global Note (provided that, if the Principal Paying Agent is the Common Safekeeper, the Principal Paying Agent shall effectuate the Global Note).

Authentication and delivery of Global Notes. 3.4.1 Immediately before the issue of any Global Note or Global Note Certificate, the Principal Paying Agent (or its agent on its behalf) or, as the case may be, the Non-US Registrar or the US Registrar, as applicable, (or an agent on its behalf), shall authenticate it. Following authentication of any Global Note or Global Note Certificate, the Principal Paying Agent or, as the case may be, the Non-US Registrar or the US Registrar, as applicable, shall: (a) Medium term note settlement procedures: in the case of a Tranche or Series, as the case may be, of Notes which is not syndicated among two or more Dealers but which is intended to be cleared through a clearing system, on the Local Banking Day immediately Immediately preceding its Issue Date deliver each relevant Global Note or Global Note Certificate to the relevant depositary for Euroclear and/or Clearstream, Luxembourg and/or DTC (as applicable) (which in the case of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS shall be a specified Common Safekeeper) or to the relevant depositary for such other clearing system as shall have been agreed between the Relevant Issuer and the Principal Paying Agent or, as the case may be, the Non-US Registrar or the US Registrar, as applicable, and instruct the clearing systems to whom (or to whose depositary) each relevant Global Note or Global Note Certificate has been delivered, to credit the underlying Notes represented by such Global Note to the securities account(s) at such clearing systems that have been notified to the Principal Paying Agent or, as the case may be, to the Non-US Registrar or to the US Registrar, as applicable, by the Relevant Issuer, on a delivery against payment basis or, if specifically agreed between them, on a delivery free of payment basis; and (b) in the case of an NGN Temporary Global Note or an NGN Permanent Global Note, or a Global Note Certificate to be held under the NSS, instruct the Common Safekeeper to effectuate the Global Note (provided that, if the Principal Paying Agent is the Common Safekeeper, the Principal Paying Agent shall effectuate the Global Note). 3.4.2 Other settlement procedures: otherwise, at such time, on such date, deliver each relevant Global Note or Global Note Certificate to such person and in such place as may have been agreed between the Relevant Issuer and the Principal Paying Agent or, as the case may be, the Non-US Registrar or the US Registrar, as applicable, (provided that in the case of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS it must be delivered to a specified Common Safekeeper together with instructions to the Common Safekeeper to effectuate the Global Note).

Authentication and delivery of Global Notes. 3.4.1 Immediately before the issue of any Global Note or Global Note Certificate, the Principal Paying Agent (or its agent on its behalf) or, as the case may be, the Registrar (or an agent on its behalf), shall authenticate it. Following authentication of any Global Note or Global Note Certificate, the Principal Paying Agent or, as the case may be, the Registrar shall: (a) Medium term note settlement procedures: in the case of a Tranche or Series, as the case may be, of Notes which is not syndicated among two or more Dealers but which is intended to be cleared through a clearing system, on the Local Banking Day immediately preceding its Issue Date deliver each relevant Global Note or Global Note Certificate to the relevant depositary for Euroclear and/or Clearstream, Luxembourg (which as applicable) (which, in the case of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS NSS, shall be a specified Common Safekeeper) or to the relevant depositary for such other clearing system as shall have been agreed between the Relevant Issuer and the Principal Paying Agent or, as the case may be, the Registrar and instruct the clearing systems to whom (or to whose depositary) each relevant Global Note or Global Note Certificate has been delivered, to credit the underlying Notes represented by such Global Note or Global Note Certificate to the securities account(s) at such clearing systems that have been notified to the Principal Paying Agent or, as the case may be, to the Registrar Registrar, by the Relevant Issuer, on a delivery against payment basis or, if specifically agreed between them, on a delivery free of payment basis; and (b) in the case of an NGN Temporary Global Note or an NGN Permanent Global Note, or a Global Note Certificate to be held under the NSS, instruct the Common Safekeeper to effectuate the relevant Global Note or Global Note Certificate (provided that, if the Principal Paying Agent is the Common Safekeeper, the Principal Paying Agent shall effectuate the relevant Global NoteNote or Global Note Certificate). 3.4.2 Other settlement procedures: otherwise, at such time, on such date, deliver each relevant Global Note or Global Note Certificate to such person and in such place as may have been agreed between the Relevant Issuer and the Principal Paying Agent or, as the case may be, the Registrar (provided that, in the case of an NGN Temporary Global Note or an NGN Permanent Global Note or a Global Note Certificate to be held under the NSS, it must be delivered to a specified Common Safekeeper together with instructions to the Common Safekeeper to effectuate the relevant Global Note or Global Note Certificate).