Common use of Exchange of Bearer PD Debt Instruments Clause in Contracts

Exchange of Bearer PD Debt Instruments. Subject to Condition 3.6, Bearer PD Debt Instruments may, if so specified in the relevant Final Terms, be exchanged for the same aggregate principal amount of Registered PD Debt Instruments at the request in writing of the relevant PD Debt Instrument Holders and upon surrender of the Bearer PD Debt Instrument to be exchanged together with all unmatured Coupons and Talons relating to it (if any) at the specified office of the Registrar or the specified office of the Transfer Agent. Without limiting the previous sentence, the relevant Final Terms may specify that Bearer PD Debt Instruments may be exchanged for Registered PD Debt Instruments only with the prior written approval of the Issuer or such other or additional persons as are specified in such Final Terms. Where, however, a Bearer PD Debt Instrument is surrendered for exchange after the Record Date (as defined in Condition 7.2.2) for any payment of interest, the Coupon in respect of that payment of interest need not be surrendered with it. Registered PD Debt Instruments may not be exchanged for Bearer PD Debt Instruments.