Common use of Initial Exchange Clause in Contracts

Initial Exchange. If this Global Security was originally issued in exchange for part only of a temporary global security representing the Securities, then all references in this Global Security to the principal amount of Securities represented by this Global Security shall be construed as references to the principal amount of Securities represented by the part of the temporary global security in exchange for which this Global Security was originally issued which the Issuer shall procure is entered in Schedule 1 (Payments, Exchanges against Temporary Global Security, Delivery of Definitive Securities and Cancellation of Securities) hereto, whereupon the principal amount of Securities represented by this Global Security shall for all purposes be as most recently so entered.