Common use of Initial Issuance; Exchanges; Form of Definitive Notes Clause in Contracts

Initial Issuance; Exchanges; Form of Definitive Notes. The Notes will initially be issued as Book-Entry Notes. Interests in a Book-Entry Note shall be exchanged for Definitive Notes only if such exchange is permitted by applicable law and (i) in the case of a DTC Note, DTC or the Issuer advises the Global Agent in writing that DTC is no longer willing, qualified or able to discharge properly its responsibilities as nominee and depositary with respect to the Book-Entry Notes and in each case the Issuer or the Global Agent is unable to locate a successor,

Initial Issuance; Exchanges; Form of Definitive Notes. The Notes will initially be issued as Book-Entry Notes. Interests in a Book-Entry Note shall be exchanged for Definitive Notes only if such exchange is permitted by applicable law and (i) in the case of a DTC Note, DTC or the Issuer advises advise the Global Agent in writing that DTC is no longer willing, qualified or able to discharge properly its responsibilities as nominee and depositary with respect to the Book-Entry Notes and in each case the Issuer or the Global Agent is unable to locate a successor,