Common use of Debt Securities; Delivery of Debt Securities Clause in Contracts

Debt Securities; Delivery of Debt Securities. (a) The Debt Securities will be represented by one or more definitive global securities in book-entry form which will be deposited by or on behalf of Brazil with The Depository Trust Company (“DTC”) or its designated custodian. Brazil will deliver the Debt Securities to the representatives of the Underwriters for the respective account(s) of one or more Underwriter(s), against payment by or on behalf of the several Underwriters through their representatives of the purchase price therefor in immediately available funds, by causing DTC to credit the Debt Securities to the account of such representatives at DTC. The representatives of the Underwriters shall instruct DTC as to the allocation of interests in the global securities representing the Debt Securities among the accounts of participants of DTC. Brazil will cause the certificates representing the Debt Securities to be made available to the representatives of the Underwriters for checking at least twenty-four hours prior to the Time of Delivery at the office of DTC or its designated custodian (the “Designated Office”).