Common use of Certain Matters Relating to Global Notes Clause in Contracts

Certain Matters Relating to Global Notes. Agent Members shall have no rights under this Indenture or any of the Global Notes with respect to any Global Note held on their behalf by the Clearing Agency, the Common Depositary or its nominee, and the Clearing Agency, the Common Depositary or its nominee may be treated by the Issuer, any Subsidiary Guarantor, the Trustee and any agent of the Issuer, any Subsidiary Guarantor or the Trustee as the absolute owner of the Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, any Subsidiary Guarantor, the Trustee or any agent of the Issuer, any Subsidiary Guarantor or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Clearing Agency or its nominee or impair, as between the Clearing Agency and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any Note. The holder of interest in any Global Note may grant proxies and otherwise authorize any person, including Euroclear and Clearstream and their Agent Members and persons that may hold interests through Agent Members, to take any action which a holder of such interest in a Global Note is entitled to take under this Indenture or the Notes.

Certain Matters Relating to Global Notes. Agent Members shall have no rights under this Indenture or any of the Global Notes with respect to any Global Note held on their behalf by the Clearing Agency, the Common Depositary or its nominee, and the Clearing Agency, the Common Depositary or its nominee may be treated by the Issuer, any Subsidiary Guarantor, the Trustee and any agent of the Issuer, any Subsidiary Guarantor or the Trustee as the absolute owner of the Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, any Subsidiary Guarantor, the Trustee or any agent of the Issuer, any Subsidiary Guarantor or the Trustee from giving effect to any written certification, proxy or other authorization otherauthorization furnished by the Clearing Agency or its nominee or impair, as between the Clearing Agency and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any Note. The holder of interest in any Global Note may grant proxies and otherwise authorize any person, including Euroclear and Clearstream and their Agent Members and persons that may hold interests through Agent Members, to take any action which a holder of such interest in a Global Note is entitled to take under this Indenture or the Notes.

Certain Matters Relating to Global Notes. (a) Neither eircom Funding nor the Trustee nor any of their respective agents shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Note or a Depositary Interest, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. Members of or participants in a Clearing Agency (“Agent Members Members”) shall have no rights under this Indenture or any of the Global Notes with respect to any Global Note held on their behalf by the Clearing Agency, the Common Book-Entry Depositary or its nomineecustodian, or under such Global Note, and the Clearing Agency, the Common Book-Entry Depositary or its nominee custodian may be treated by the Issuer, any Subsidiary Guarantoreircom Funding, the Trustee and any agent of the Issuer, any Subsidiary Guarantor eircom Funding or the Trustee as the absolute owner of the such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, any Subsidiary Guarantoreircom Funding, the Trustee or any agent of the Issuer, any Subsidiary Guarantor eircom Funding or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Clearing Agency or its nominee Book-Entry Depositary or impair, as between the Clearing Agency and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder Holder of any Note. . (b) The holder Holder of interest in any Global Note may grant proxies and otherwise authorize any personPerson, including Euroclear and Clearstream the relevant Clearing Agency and their Agent Members and persons Persons that may hold interests through Agent Members, to take any action which a holder of such interest in a Global Note Holder is entitled to take under this Indenture or the Notes.