Common use of EXCHANGE OF SERIES Clause in Contracts

EXCHANGE OF SERIES. The Custodian is hereby authorised without further instruction to present and surrender, or procure the presentation and surrender of, the Series 05-4 MTN which is under the direct control of the Custodian on maturity to the issuer thereof or (as the case may be) the appropriate paying agent on each date on which such presentation is required in order to receive payment in respect thereof.

EXCHANGE OF SERIES. The Custodian is hereby authorised without further instruction to present and surrender, or procure the presentation and surrender of, the Series 05-4 2 MTN which is under the direct control of the Custodian on maturity to the issuer thereof or (as the case may be) the appropriate paying agent on each date on which such presentation is required in order to receive payment in respect thereof.

EXCHANGE OF SERIES. The Custodian is hereby authorised without further instruction to present and surrender, or procure the presentation and surrender of, the Series 05-4 1 MTN which is under the direct control of the Custodian on maturity to the issuer thereof or (as the case may be) the appropriate paying agent on each date on which such presentation is required in order to receive payment in respect thereof.

EXCHANGE OF SERIES. The Custodian is hereby authorised without further instruction to present and surrender, or procure the presentation and surrender of, the Series 0503-4 2 MTN which is under the direct control of the Custodian on maturity to the issuer thereof or (as the case may be) the appropriate paying agent on each date on which such presentation is required in order to receive payment in respect thereof.

EXCHANGE OF SERIES. The Custodian is hereby authorised without further instruction to present and surrender, or procure the presentation and surrender of, the Series 0504-4 2 MTN which is under the direct control of the Custodian on maturity to the issuer thereof or (as the case may be) the appropriate paying agent on each date on which such presentation is required in order to receive payment in respect thereof.