Common use of Senior Notes Redeemed in Part Clause in Contracts

Senior Notes Redeemed in Part. Upon surrender of a Senior Note that is redeemed in part: (a) in the case of a Definitive Security, upon cancellation of the Senior Note surrendered, the Issuers shall execute and the Trustee or an authentication agent shall authenticate for the Holder (at the Issuers’ expense) a new Senior Note equal in principal amount to the unredeemed portion of the Senior Note surrendered in the name of such Holder; and (b) in the case of a Global Security, the Registrar shall make an appropriate notation on such Senior Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof.

Senior Notes Redeemed in Part. Upon surrender of a Senior Note that is redeemed in part: (a) in the case of a Definitive Security, upon cancellation of the Senior Note surrendered, the Issuers shall execute and the Trustee or an authentication agent shall authenticate for the Holder (at the Issuers’ expense) a new Senior Note equal in principal amount to the unredeemed portion of the Senior Note surrendered in the name of such HolderXxxxxx; and (b) in the case of a Global Security, the Registrar shall make an appropriate notation on such Senior Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof.