Common use of Registration of Transfer of Depositary Interests Clause in Contracts

Registration of Transfer of Depositary Interests. (a) The Issuer appoints the Book-Entry Depositary as its agent to maintain at the Book-Entry Depositary's Corporate Trust Office a register (the "Book-Entry Register") in which the Book-Entry Depositary shall (i) record the right of the Depositary to receive payment of principal of, premium, if any, and interest on the Global Notes and (ii) record the registration and transfer of the Depositary Interests. No Depositary Interest can be transferred unless such transfer is recorded on the Book-Entry Register.

Registration of Transfer of Depositary Interests. (a) The Note Issuer appoints the Book-Entry Depositary as its agent to maintain at the Book-Entry Depositary's Corporate Trust Office a register (the "Book-Entry Register") in which the Book-Entry Depositary shall (i) record the right of the Depositary to receive payment of principal of, premium, if any, and interest on the Global Notes and (ii) record the registration and transfer of the Depositary Interests. No Depositary Interest can be transferred unless such transfer is recorded on the Book-Entry Register.