Common use of Transfers of Interests in Global Notes for Certificated Notes Clause in Contracts

Transfers of Interests in Global Notes for Certificated Notes. A Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor of the Depository or a nominee of each successor. Global Notes shall be exchanged by the Company for Certificated Notes if the Depository (a) notifies the Company that it is unwilling or unable to continue as depository for the Global Notes or (b) has ceased to be a clearing agency registered under the Exchange Act and, in each case, a successor depository is not appointed by the Company within 90 days. Upon the occurrence of any of the preceding events in subclause (a) or (b) above, an owner of a beneficial interest in a Global Note will be entitled to receive a Certificated Note equal in principal amount to such beneficial interest and to have such note registered in its name. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 and 2.11 of the Base Indenture. Every Global Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to the first sentence of this paragraph (i) or Section 2.8 or 2.11 of the Base Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this paragraph (i).

Transfers of Interests in Global Notes for Certificated Notes. A Global Note may not be transferred as a whole except by the Depository Depositary to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository Depositary or by the Depository or any such nominee Depositary to a successor of the Depository Depositary or a nominee of each successorsuch successor Depositary. Global Notes shall be exchanged by the Company for Certificated Notes if (i) the Depository Depositary (a) notifies the Company that it is unwilling or unable to continue as depository depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the Securities Exchange Act of 1934 and, in each case, a successor depository depositary is not appointed by appointed; (ii) the Company within 90 daysCompany, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Certificated Notes; or (iii) there has occurred and is continuing a Default or an Event of Default with respect to the Notes entitling the Holder to accelerate the maturity of the Notes. Upon the occurrence of any either of the preceding events in subclause (ai), (ii) or (biii) above, an owner of a beneficial interest Certificated Notes shall be issued in a Global Note will be entitled to receive a Certificated Note equal in principal amount to such beneficial interest and to have such note registered in its namenames as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 2.08 and 2.11 2.09 of the Base Indenture. Every Global Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to the first sentence of this paragraph (ia) or Section 2.8 2.08 or 2.11 2.09 of the Base Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this paragraph (ia).

Transfers of Interests in Global Notes for Certificated Notes. A Global Note may not be transferred as a whole except by the Depository Depositary to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository Depositary or by the Depository or any such nominee Depositary to a successor of the Depository Depositary or a nominee of each successorsuch successor Depositary. Global Notes shall be exchanged by the Company for Certificated Notes if (i) the Depository Depositary (a) notifies the Company that it is unwilling or unable to continue as depository depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the Exchange Act and, in each case, a successor depository depositary is not appointed by appointed; (ii) the Company within 90 daysCompany, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Certificated Notes; or (iii) there has occurred and is continuing a Default or an Event of Default with respect to the Notes entitling the Holder to accelerate the maturity of the Notes. Upon the occurrence of any either of the preceding events in subclause (ai), (ii) or (biii) above, an owner of a beneficial interest Certificated Notes shall be issued in a Global Note will be entitled to receive a Certificated Note equal in principal amount to such beneficial interest names as the Participants and to have such note registered in its nameIndirect Participants and the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 3.04 and 2.11 3.06 of the Base Indenture. Every Global Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to the first sentence of this paragraph (i) Section 3.05 or Section 2.8 3.04 or 2.11 3.06 of the Base Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this paragraph Section 3.05(a); however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 3.05(b) or (i)c) below.

Transfers of Interests in Global Notes for Certificated Notes. A Global Note may not be transferred as a whole except by the Depository Depositary to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository Depositary or by the Depository or any such nominee Depositary to a successor of the Depository Depositary or a nominee of each successorsuch successor Depositary. Global Notes shall be exchanged by the Company for Certificated Notes if (i) the Depository Depositary (a) notifies the Company that it is unwilling or unable to continue as depository depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the Exchange Act and, in each case, a successor depository depositary is not appointed by appointed; (ii) the Company within 90 daysCompany, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Certificated Notes; or (iii) there has occurred and is continuing an Event of Default with respect to the Notes entitling the Holder to accelerate the maturity of the Notes. Upon the occurrence of any either of the preceding events in subclause (ai), (ii) or (biii) above, an owner of a beneficial interest Certificated Notes shall be issued in a Global Note will be entitled to receive a Certificated Note equal in principal amount to such beneficial interest and to have such note registered in its namenames as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 2.08 and 2.11 2.09 of the Base Indenture. Every Global Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to the first sentence of this paragraph (i) or Section 2.8 2.08 or 2.11 2.09 of the Base Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this paragraph (i).