Common use of Record of Transfer of the Certificateless Depositary Interests Clause in Contracts

Record of Transfer of the Certificateless Depositary Interests. The Issuer hereby appoints the Book-Entry Depositary as its agent for the sole purpose of maintaining at its Corporate Trust Office records in which it shall (i) record the Depositary as the initial owners of the Certificateless Depositary Interests, (ii) record the transfer of any Certificateless Depositary Interests and (iii) record the increases and decreases in the principal amount represented by Certificateless Depositary Interests in such Global Note. The Certificateless Depositary Interests shall not be transferred (i) except as a whole and only to a Depositary, (ii) unless such transfer is noted in the records of the Book-Entry Depositary and (iii) unless such transfer is confirmed by the Depositary and ownership of the Certificateless Depositary Interests are transferred to and registered in the name of a Depositary, authorized by the transferor Depositary and approved by the Issuer. The Book-Entry Depositary shall not recognize any transfer or exchange of ownership of the Certificateless Depositary Interests that does not comply with the provisions of this Section 2.04. The Book-Entry Depositary shall treat the Person in whose name a Certificateless Depositary Interest is recorded in its records as the owner thereof for all purposes whatsoever and shall not be bound or affected by any notice to the contrary, other than an order of a court having jurisdiction over the Book-Entry Depositary. The foregoing paragraph shall not (i) impose an obligation on the Book-Entry Depositary or the Note Custodian to record the interests in or transfers of Book-Entry Interests held by Participants in a Depositary or Persons that may hold Book-Entry Interests through Participants in a Depositary or (ii) restrict transfers of such Book-Entry Interests held by Participants in a Depositary or such Persons. In connection with the Book-Entry Depositary's appointment as the Issuer's agent under this Section 2.04, the Issuer shall have such rights and obligations as regards removal of the Book-Entry Depositary and appointment of a successor as are specified in Section 3.06 hereof.

Record of Transfer of the Certificateless Depositary Interests. (a) The Issuer hereby appoints the Book-Entry entry Depositary as its agent for the sole purpose of maintaining at its Corporate Trust Office records in which it shall (i) record the Depositary as the initial owners owner of the Certificateless Depositary Interests, (ii) record the transfer of any Certificateless Depositary Interests and (iii) record the increases and decreases in the principal amount represented by Certificateless Depositary Interests in such Global Note. The Certificateless Depositary Interests shall not be transferred (i) except as a whole and only to a Depositary, (ii) unless such transfer is noted in the records of the Book-Entry entry Depositary and (iii) unless such transfer is confirmed by the applicable Depositary and ownership of the Certificateless Depositary Interests are transferred to and registered in the name of a Depositary, authorized by the transferor Depositary and approved by the Issuer. The Book-Entry entry Depositary shall not recognize any transfer or exchange of ownership of the Certificateless Depositary Interests that does not comply with the provisions of this Section 2.04. The Book-Entry entry Depositary shall treat the Person in whose name a Certificateless Depositary Interest is recorded in its records as the owner thereof for all purposes whatsoever and shall not be bound or affected by any notice to the contrary, other than an order of a court having jurisdiction over the Book-Entry entry Depositary. . (b) The foregoing paragraph (a) of this Section 2.04 shall not (i) impose an obligation on the Book-Entry entry Depositary or the Senior Subordinated Note Custodian to record the interests in or transfers of Book-Entry entry Interests held by Participants in a Depositary or Persons that may hold Book-Entry entry Interests through Participants in a Depositary or (ii) restrict transfers of such Book-Entry entry Interests held by Participants in a Depositary or such Persons. In connection with the Book-Entry Depositary's appointment as the Issuer's agent under this Section 2.04, the Issuer shall have such rights and obligations as regards removal of the Book-Entry Depositary and appointment of a successor as are specified in Section 3.06 hereof.

Record of Transfer of the Certificateless Depositary Interests. The Issuer hereby appoints the Book-Entry Depositary as its agent for the sole purpose of maintaining at its Corporate Trust Office records in which it shall (i) record the Depositary as the initial owners of the Certificateless Depositary Interests, (ii) record the transfer of any Certificateless Depositary Interests and (iii) record the increases and decreases in the principal amount represented by Certificateless Depositary Interests in such Global Note. The Certificateless Depositary Interests shall not be transferred (i) except as a whole and only to a Depositary, (ii) unless such transfer is noted in the records of the Book-Entry Depositary and (iii) unless such transfer is confirmed by the Depositary and ownership of the Certificateless Depositary Interests are transferred to and registered in the name of a Depositary, authorized by the transferor Depositary and approved by the Issuer. The Book-Entry Depositary shall not recognize any transfer or exchange of ownership of the Certificateless Depositary Interests that does not comply with the provisions of this Section 2.042.03. The Book-Entry Depositary shall treat the Person in whose name a Certificateless Depositary Interest is recorded in its records as the owner thereof for all purposes whatsoever and shall not be bound or affected by any notice to the contrary, other than an order of a court having jurisdiction over the Book-Entry Depositary. The foregoing paragraph shall not (i) impose an obligation on the Book-Entry Depositary or the Note Custodian to record the interests in or transfers of Book-Entry Interests held by Participants in a Depositary or Persons that may hold Book-Entry Interests through Participants in a Depositary or (ii) restrict transfers of such Book-Entry Interests held by Participants in a Depositary or such Persons. In connection with the Book-Entry Depositary's ’s appointment as the Issuer's ’s agent under this Section 2.04, the Issuer shall have such rights and obligations as regards removal of the Book-Entry Depositary and appointment of a successor as are specified in Section 3.06 hereof.