Common use of Transfer and Exchange of Beneficial Interests in Global Notes Clause in Contracts

Transfer and Exchange of Beneficial Interests in Global Notes. The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depository, in accordance with the provisions of this Indenture and the applicable rules and procedures of the Depository. Beneficial interests in Transfer Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Beneficial interests in Global Notes shall be transferred or exchanged only for beneficial interests in Global Notes. Transfers and exchanges of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable:

Transfer and Exchange of Beneficial Interests in Global Notes. The transfer and exchange of beneficial interests in the a Global Notes Note shall be effected through the DepositoryDepositary, in accordance with the provisions of this Indenture and the applicable rules and procedures of the DepositoryDepository therefor. Beneficial interests in Transfer Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Beneficial interests in Global Notes The Trustee shall be transferred or exchanged only for beneficial interests in Global Noteshave no obligation to ascertain the Depository's compliance with any such restrictions on transfer. Transfers and exchanges of beneficial interests in the Global Notes shall also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, subparagraphs as applicable: