Common use of Global Debt Securities Clause in Contracts

Global Debt Securities. The Debt Securities issued under this Indenture may be in the form of Global Debt Securities. Each Global Debt Security issued under this Indenture will be deposited with the Trustee at its Corporate Trust Office, as custodian for the Depositary, and registered in the name of the Depositary or the nominee thereof, duly executed by the Company, and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of any Global Debt Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary as hereinafter provided. Any adjustment of the aggregate principal amount of a Global Debt Security, to reflect the amount of any increase or decrease in the amount of outstanding Debt Securities represented thereby, will be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.8 hereof and will be made on the records of the Trustee and the Depositary. Global Debt Securities will be Registered Securities and may be issued in either temporary or permanent form. Each Depositary for Global Debt Securities must, at the time of its designation and at all times while it serves as Depositary for the Global Debt Securities, be a clearing agency registered under the Exchange Act and any other applicable statute or regulations.