Common use of Common Depositary Clause in Contracts

Common Depositary. None of the Company, the Guarantors, the Trustee, any Agent or any of their 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 Note in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. The Company, the Guarantors, the Trustee, and the Agents and their agents shall be entitled to deal with any Common Depositary, and any nominee thereof, that is the Holder of any such global Note for all purposes of this Indenture relating to such global Note (including the payment of principal and premium, if any, and interest, the giving of instructions or directions by or to the owner or holder of a beneficial ownership interest in such global Security) as the sole Holder of such global Note and shall have no obligations to the beneficial owners thereof. None of the Company, the Guarantors, the Trustee, any Agent or any of their agents shall have any responsibility or liability for any acts or omissions of any such Common Depositary or any Clearing System with respect to such global Note, for the records of any such Common Depositary or Clearing System, including records in respect of beneficial ownership interests in respect of any such global Note, for any transactions between such Common Depositary or Clearing System and any participant in such Clearing System or between or among any such Clearing System, any such participant and/or any holder or owner of a beneficial interest in such global Note or for any transfers of beneficial interests in any such global Note.