Common use of Pay to Bearer Clause in Contracts

Pay to Bearer. The Issuer, for value received, promises to pay to the bearer of this Global Security, in respect of each Security represented by this Global Security, its principal amount on such date or dates as the same may become payable in accordance with the Conditions, and to pay interest on each such Security on the dates and in the manner specified in the Conditions, together with any additional amounts payable in accordance with the Conditions, all subject to and in accordance with the Conditions.