Common use of DUTIES OF EXCHANGE AGENT Clause in Contracts

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUD. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD otherwise payable exchanged into U.S. dollars at the AUD/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “"payment date” " shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD Yen by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC Cede & Co. (as nominee of DTC) if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD Yen and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD Yen are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD Yen amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) at or prior to 11:00 a.m., London time, on the second London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD Yen for settlement on such payment date. “Specified Amount” "SPECIFIED AMOUNT" shall mean the aggregate amount of AUD Yen payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDYen. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD Yen otherwise payable exchanged into U.S. dollars at the AUDYen/U.S.$ exchange rate obtained prevailing as at 11:00 a.m. (London time) on the second London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD Yen to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “"London business day” " shall mean any day on which commercial banks and foreign exchange markets settle payments in New York City, Tokyo and London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 14.1. The Exchange Agent shall: (i) accept AUD EUR by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD EUR and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD EUR are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD EUR amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD EUR for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD EUR payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDEUR. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD EUR otherwise payable exchanged into U.S. dollars at the AUDEUR/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD EUR to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “"payment date” " shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD Euros by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC Cede & Co. (as nominee of DTC) if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD Euros and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD Euros are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD Euro amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) at or prior to 11:00 a.m., London time, on the second London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD Euros for settlement on such payment date. “Specified Amount” "SPECIFIED AMOUNT" shall mean the aggregate amount of AUD Euros payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDEuros. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD Euros otherwise payable exchanged into U.S. dollars at the AUDEuro/U.S.$ exchange rate obtained prevailing as at 11:00 a.m. (London time) on the second London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD Euros to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “"London business day” " shall mean any day on which commercial banks and foreign exchange markets settle payments in New York City and London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD Yen by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC Cede & Co. (as nominee of DTC) if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD Yen and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD Yen are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD Yen amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) at or prior to 11:00 a.m., London time, on the second London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD Yen for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD Yen payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDYen. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD Yen otherwise payable exchanged into U.S. dollars at the AUDYen/U.S.$ exchange rate obtained prevailing as at 11:00 a.m. (London time) on the second London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD Yen to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in New York City, Tokyo and London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 14.1. The Exchange Agent shall: (i) accept AUD NZ$ by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD NZ$ and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD NZ$ are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD NZ$ amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD NZ$ for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD NZ$ payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUD. NZ$. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD NZ$ otherwise payable exchanged into U.S. dollars at the AUD/U.S.$ NZ$/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD NZ$ to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD NOK by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD NOK and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD NOK are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD NOK amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD NOK for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD NOK payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDNOK. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD NOK otherwise payable exchanged into U.S. dollars at the AUDNOK/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.Note

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD NOK by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD NOK and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD NOK are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD NOK amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD NOK for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD NOK payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDNOK. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD otherwise payable exchanged into U.S. dollars at the AUD/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.payment

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 14.1. The Exchange Agent shall: (i) accept AUD JPY by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD JPY and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD JPY are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD JPY amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD JPY for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD JPY payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUDJPY. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD JPY otherwise payable exchanged into U.S. dollars at the AUDJPY/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD JPY to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 14.1. The Exchange Agent shall: (i) accept AUD by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUD. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD otherwise payable exchanged into U.S. dollars at the AUD/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.

DUTIES OF EXCHANGE AGENT. For the purposes of this Clause 10, a “payment date” shall be each date on which the Issuer is obligated to remit funds to the Fiscal Agent pursuant to Clause 4. 1. The Exchange Agent shall: (i) accept AUD NZ$ by remittance to an account maintained by the Exchange Agent of the total amount of interest or principal due on any payment date on Notes held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange Agent shall be advised by DTC if any beneficial holders of the Notes held by Cede & Co. (as nominee of DTC) have elected to receive payment in AUD NZ$ and, if so, the amount of Notes held by such holders and the accounts to which such payments in AUD NZ$ are to be wired. On the payment date, the Exchange Agent shall wire payment in the appropriate AUD NZ$ amounts to the accounts indicated. The remainder on such payment date shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below into U.S. dollars and, after deduction of any costs relating to such exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment date; and (ii) on the London business day preceding the applicable payment date, enter into a contract for the purchase of U.S. dollars with the Specified Amount of AUD NZ$ for settlement on such payment date. “Specified Amount” shall mean the aggregate amount of AUD NZ$ payable to all Noteholders holding Notes through participants of DTC that have not elected to receive payments in AUD. NZ$. The amount of U.S. dollars payable in respect of a particular payment under the DTC Global Note will be equal to the amount of AUD NZ$ otherwise payable exchanged into U.S. dollars at the AUD/U.S.$ NZ$/U.S.$ exchange rate obtained on the London business day prior to the relevant payment date, less any costs incurred by the Exchange Agent for such conversion (such costs to be shared pro rata among holders under the DTC Global Note accepting U.S. dollar payments in proportion of their respective holdings). If an exchange rate bid quotation is not so available, the Exchange Agent shall obtain a bid quotation from a leading foreign exchange bank in London selected by the Exchange Agent after consultation with the Issuer. If no bid quotation is so available, payment will be made in AUD to the account or accounts specified by DTC to the Exchange Agent. In this sub-clause (ii), the term “London business day” shall mean any day on which commercial banks and foreign exchange markets settle payments in London.conversion