Restrictions on Exchange of a Beneficial Interest in a Global Note for a Certificated Note Sample Clauses

Restrictions on Exchange of a Beneficial Interest in a Global Note for a Certificated Note. (A) A Certificated Note will be issued and delivered:
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Restrictions on Exchange of a Beneficial Interest in a Global Note for a Certificated Note. A Certificated Note will be issued and delivered to each person that the Depositary identifies as a beneficial owner of the related Notes only if (a) the Depositary notifies the Company that it is unwilling or unable to continue as the Depositary for the Global Notes and a successor Depositary is not appointed by the Company within 90 days of such notice or (b) the Depositary ceases to be registered as a clearing agency under the Exchange Act and a successor Depositary is not appointed by the Company within 90 days of such cessation. In connection with the exchange of an entire Global Note for Certificated Notes pursuant to this Section 2.13(a)(ii), such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and upon Company Order, the Trustee shall authenticate and deliver to each beneficial owner identified by the Depositary in writing in exchange for its beneficial interest in such Global Note, an equal aggregate principal amount of Certificated Notes of authorized denominations.

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