Common use of Cancellation or Adjustment of a Global Preference Warrant Clause in Contracts

Cancellation or Adjustment of a Global Preference Warrant. At such time as all beneficial interests in a Global Preference Warrant have either been exchanged for Certificated Preference Warrants, redeemed, repurchased or canceled, such Global Preference Warrant shall be returned to the Company or, upon written order to the Preference Warrant Agent in the form of an Officers' Certificate from the Company, retained and canceled by the Preference Warrant Agent. At any time prior to such cancellation, if any beneficial interest in a Global Preference Warrant is exchanged for Certificated Preference Warrants, redeemed, repurchased or canceled, the number of Preference Warrants represented by such Global Preference Warrant shall be reduced and an endorsement shall be made on such Global Preference Warrant by the Preference Warrant Agent to reflect such reduction.