Common use of Bearer Notes Clause in Contracts

Bearer Notes. Subject to the detailed provisions below, payments in respect of Bearer Notes will be made against presentation and surrender of the relevant Notes (in the case of principal), Receipts (in the case of Instalment Amounts) or Coupons (in the case of Interest) at the specified office of any Paying Agent outside the United States by a cheque payable in the specified currency, or, on not less than three Business Days’ prior notice from the Noteholder, by transfer to a Designated Account.