Instructions on reduction Sample Clauses

Instructions on reduction. The Issuer authorises and instructs (a) the Fiscal Agent, in the case of any Bearer Global Note that is a CGN, to endorse or to arrange for the endorsement of the relevant Bearer Global Note to reflect the reduction in the nominal amount represented by it by the amount so redeemed or purchased and cancelled, (b) the Registrar, in the case of any Registered Global Note, to endorse or to arrange for the endorsement of the Registered Global Note to reflect the reduction in the nominal amount represented by it by the amount so redeemed or purchased and cancelled and (c) in the case of any Bearer Global Note that is a NGN and in the case of any Registered Global Note that is held under the NSS, to instruct Euroclear and Clearstream, Luxembourg to make appropriate entries in their records to reflect such redemption or purchase and cancellation, as the case may be; provided that, in the case of a purchase or cancellation, the Issuer has notified the Fiscal Agent or the Registrar, as the case may be, of the same in accordance with Clause 15.1.
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Related to Instructions on reduction

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