ISSUE OF PERMANENT GLOBAL NOTES. (1) Subject to Subclause 4(2), upon the occurrence of any event which pursuant to the terms of a Temporary Global Note requires the issue of a Permanent Global Note, the Agent shall issue a Permanent Global Note in accordance with the terms of the Temporary Global Note. For this purpose the Agent is authorised on behalf of the relevant Issuer:
ISSUE OF PERMANENT GLOBAL NOTES. (a) Upon the occurrence of any event which pursuant to the terms of a Temporary Global Note requires the issue of a Permanent Global Note, the London Issuing Agent shall cause to be withdrawn from safekeeping the necessary and applicable Permanent Global Note and, in accordance with the terms of the Temporary Global Note, shall:
ISSUE OF PERMANENT GLOBAL NOTES. 4.1 The Agent shall determine the Exchange Date for each Temporary Global Note in accordance with the terms thereof. Forthwith upon determining the Exchange Date in respect of any Tranche, the Agent shall notify such determination to the Issuer, the relevant Purchaser(s), Euroclear and Clearstream.
ISSUE OF PERMANENT GLOBAL NOTES. 4.1 The Principal Paying Agent shall determine the Exchange Date for each Temporary Global Note in accordance with the terms thereof. Forthwith upon determining the Exchange Date in respect of any Tranche, the Principal Paying Agent shall notify such determination to the Issuer, the relevant Purchaser(s), Euroclear and Clearstream.
4.2 On or after the Exchange Date, the Principal Paying Agent shall deliver, upon notice from Euroclear or Clearstream, a Permanent Global Note in accordance with the terms of such Temporary Global Note. Where a Temporary Global Note is to be exchanged for a Permanent Global Note or, as the case may be, when an issue of Notes is to be represented by a Permanent Global Note from and including the date of issue of such Notes, the Principal Paying Agent is hereby authorised on behalf of the Issuer:
4.2.1 to prepare and complete a Permanent Global Note and to attach the applicable Final Terms;
4.2.2 to authenticate such Permanent Global Note;
4.2.3 if the Permanent Global Note is a CGN, to deliver such Permanent Global Note to the common depositary for the time being on behalf of Euroclear and/or Clearstream and, when such Permanent Global Note is being delivered in exchange for a Temporary Global Note, to do so either in exchange for such Temporary Global Note or, in the case of a partial exchange, on entering details of such partial exchange of the Temporary Global Note in the relevant spaces in Schedule Two of both the Temporary Global Note and the Permanent Global Note;
4.2.4 if the Permanent Global Note is a NGN, to deliver the Permanent Global Note to the common safekeeper for the time being on behalf of Euroclear and/or Clearstream and to instruct the common safekeeper to effectuate the Permanent Global Note (in the case of a Permanent Global Note which is a Eurosystem-eligible NGN) and, where applicable, to hold such Permanent Global Note on behalf of the Issuer pending its exchange for the Temporary Global Note;
4.2.5 if the Permanent Global Note is a NGN, instruct Euroclear and Clearstream to make the appropriate entries in their records to reflect the initial outstanding aggregate principal amount of the relevant Tranche of Notes; and
4.2.6 in the case of a subsequent Tranche of any Series of Notes deliver the applicable Final Terms to the specified common depositary or common safekeeper, as the case may be, for attachment to the Permanent Global Note and, in the case where the Permanent Global Note is a CGN, make all app...
ISSUE OF PERMANENT GLOBAL NOTES. Upon the occurrence of any event which, pursuant to the terms of the Temporary Global Notes, requires the issuance of one or more Permanent Global Notes, the Temporary Global Notes may be surrendered to the Fiscal Agent at such office to be exchanged, as a whole or in part, for interests in the Permanent Global Notes substantially in the form set forth in Schedule 3 Part II hereto, in denominations of €1,000, €10,000 or €100,000 or integral multiples thereof without charge, and the Fiscal Agent shall authenticate and deliver, in exchange for such Temporary Global Note or the portions thereof to be exchanged, an equal aggregate principal amount of the Permanent Global Note, but only upon presentation to the Fiscal Agent by the Common Depository of a certificate or certificates (in substantially the form attached to the Temporary Global Note as Schedule Three) of Euroclear or Clearstream with respect to the Temporary Global Note or portions thereof being exchanged, to the effect that it has received in writing or by facsimile a certification or certifications (in substantially the form attached to the Temporary Global Note as Certificate “A”) signed by the person appearing in its records as the owner of the Temporary Global Note or portions thereof being exchanged.
