Common use of Transfers of Global Clause in Contracts

Transfers of Global. Notes shall be limited to transfers in whole, but not in part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) (a) the Depository notifies the Issuer that it is unwilling or unable to act as Depository for any Global Note or (b) has ceased to be a clearing agency registered under the Exchange Act, the Issuer so notifies the Trustee in writing and a successor Depository is not appointed by the Issuer within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from any owner of a beneficial interest in a Global Note to issue Physical Notes. Upon any issuance of a Physical Note in accordance with this Section 2.15(b) the Trustee is required to register such Physical Note in the name of, and cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable legends, if any.

Transfers of Global. Notes shall be limited to transfers transfer in whole, but not in part, to by the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) (a) the Depository notifies the Issuer Company that it is unwilling or unable to act continue as Depository for any Global Note or and a successor depositary is not appointed by the Company within 90 days of such notice, (bii) has ceased to be a clearing agency registered under the Exchange ActCompany, the Issuer so at its option, notifies the Trustee in writing and a successor Depository is not appointed by that it elects to cause the Issuer within 90 days issuance of such notice the Notes in certificated form or (iiiii) an Event of Default has occurred and is continuing and the Registrar has received a written request from any owner of a beneficial interest in a Global Note the Depository to issue Physical Notes. Upon any issuance In connection with the transfer of a Physical Note in accordance with this Section 2.15(b) Global Notes as an entirety to beneficial owners pursuant to paragraph (b), the Global Notes shall be deemed to be surrendered to the Trustee is required for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to register such Physical Note each beneficial owner identified by the Depository in writing in exchange for its beneficial interest in the name ofGlobal Notes, and cause the same to be delivered to, such person or persons (or the nominee an equal aggregate principal amount of any thereof). All such Physical Notes shall bear the applicable legends, if anyof authorized denominations.

Transfers of Global. Notes shall be limited to transfers in whole, but not in part, to the Depository, its successors or and their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) (a) the Depository notifies the Issuer Company that it is unwilling or unable to act as Depository for any Global Note or (b) has ceased to be a clearing agency registered under the Exchange Act, and the Issuer Company so notifies the Trustee in writing and a successor Depository is not appointed by the Issuer Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from any owner of a beneficial interest in a Global Note to issue Physical Notes. Upon any issuance of a Physical Note in accordance with this Section 2.15(b) ), the Trustee is required to shall register such Physical Note in the name of, and shall cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable legends, if any.

Transfers of Global. Notes shall be limited to transfers in whole, but not in part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the provisions of Section 2.16. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) (a) the Depository notifies the Issuer that it is unwilling or unable to act as Depository for any Global Note or (b) has ceased to be a clearing agency registered under the Exchange ActNote, the Issuer so notifies the Trustee in writing and a successor Depository is not appointed by the Issuer within 90 days of such notice or (ii) an Event the Issuer, at its option, notifies the Trustee in writing that it elects to cause the issuance of Default has occurred and is continuing and the Registrar has received a request from any owner Notes in the form of a beneficial interest in a Global Note to issue Physical NotesNotes under this Indenture. Upon any issuance of a Physical Note in accordance with this Section 2.15(b) the Trustee is required to register such Physical Note in the name of, and cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable legends, if any.