Common use of Transfer and Exchange of Beneficial Interests in Global Securities for Definitive Securities Clause in Contracts

Transfer and Exchange of Beneficial Interests in Global Securities for Definitive Securities. Subject to Section 2.8(a) hereof, if any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the applicable conditions set forth in Section 2.8(b)(ii) hereof, the Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to Section 2.8(h) hereof, the aggregate principal amount of the applicable Global Security, and the Company shall execute, and, upon receipt of an Officers’ Certificate in accordance with Section 2.4 hereof, the Trustee shall authenticate and deliver a Definitive Security in the appropriate principal amount to the Person identified in written instructions delivered to the Registrar by the Depositary. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.8(c) shall be registered in such name or names and in such authorized denomination or denominations as the Depositary shall designate in such instructions. The Trustee shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

Transfer and Exchange of Beneficial Interests in Global Securities for Definitive Securities. Subject to Section 2.8(a) hereof, if any holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the applicable conditions set forth in Section 2.8(b)(ii2.8(b)(i) hereof, the Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to Section 2.8(h) hereof, the aggregate principal amount of the applicable Global Security, and the Company shall execute, and, upon receipt of an Officers’ Certificate order in accordance with Section 2.4 hereof, the Trustee shall authenticate and deliver a Definitive Security in the appropriate principal amount to the Person identified designated by the holder of such beneficial interest in written instructions delivered to the Registrar by the DepositaryDepositary and the applicable Participant or Indirect Participant on behalf of such holder. Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.8(c) shall be registered in such name or names and in such authorized denomination or denominations as the Depositary holder of such beneficial interest shall designate in such instructions. The Trustee shall deliver such Definitive Securities to the Persons in whose names such Securities are so registered.