Common use of Transfers of Global Clause in Contracts

Transfers of Global. Notes shall be limited to transfers in whole, or in part, to the Depositary, its successors or their respective nominees. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depositary notifies the Issuer that it is unwilling or unable to continue as Depositary for any Global Note and a successor Depositary 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 written request from the Depositary to issue Physical Notes.

Transfers of Global. Notes shall be limited to transfers transfer in whole, or but not in part, to the DepositaryDepository, its successors or their respective nominees. In addition, Certified Notes (the "Physical Notes Notes") shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depositary Depository notifies the Issuer Company that it is unwilling or unable to continue as Depositary Depository for any Global Note and a successor Depositary depositary 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 written request from the Depositary Depository to issue Physical Notes.

Transfers of Global. Notes shall be limited to transfers transfer in whole, or but not in part, to the DepositaryDepository, 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 2.15. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depositary Depository notifies the Issuer Issuers that it is unwilling or unable to continue as Depositary Depository for any Global Note and a successor Depositary depositary is not appointed by the Issuer Issuers within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from the Depositary Depository to issue Physical Notes.

Transfers of Global. Notes shall be limited to transfers in whole, or in part, to the Depositary, its successors or their respective nominees. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depositary notifies the Issuer Company that it is unwilling or unable to continue as Depositary for any Global Note and a successor Depositary 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 written request from the Depositary to issue Physical Notes.