Transfer and Exchange of Definitive Notes for Beneficial Interests in a Global Note Clause Samples

Transfer and Exchange of Definitive Notes for Beneficial Interests in a Global Note. A Holder of a Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, together with surrender of the Definitive Note to be exchanged or transferred, and accompanied by a written instrument or instruments of transfer as provided in Section 2.06(e) hereof, subject to the Applicable Procedures, the Trustee shall cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes pursuant to Section 2.06(g) hereof.