Common use of Redemption of Notes and Book-Entry Interests; Junior PIK Notes Clause in Contracts

Redemption of Notes and Book-Entry Interests; Junior PIK Notes. In the event that the Issuer redeems all or any part of a Global Note of a Tranche under the applicable Indenture, the Depositary shall promptly upon receipt of the redemption price deliver such Global Note to the applicable Trustee and request the applicable Trustee to make a record to reflect the reduction in the principal amount of such Global Note as a result of such redemption. In addition, the Depositary shall notify each applicable Clearing System of the principal amount redeemed and of a corresponding reduction of the same principal amount of the corresponding CDI. The Depositary shall, without delay, pay all such amounts received by it in connection with such redemption to the applicable Clearing System. In the event that the Issuer chooses to pay interest or Additional Amounts in the form of Junior PIK Notes pursuant to the Junior Note Indenture, the Depositary shall request that the Paying Agent for the Junior Notes make a record to reflect the increase in the principal amount of the Global Note representing the Junior Notes as a result of such payment in the form of Junior PIK Notes. In addition, the Depositary shall notify the applicable Clearing System of the amount paid and of a corresponding increase of the same principal amount of the corresponding CDI.