Common use of Certificated Note to Certificated Note Clause in Contracts

Certificated Note to Certificated Note. If a certificated Note is transferred or exchanged for another certificated Note, the Trustee will (x) cancel the certificated Note being exchanged or transferred and (y) deliver one or more new certificated Notes in authorized denominations having an equal aggregate principal amount to the transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such transferee or owner, as applicable.

Certificated Note to Certificated Note. If a certificated Certificated Note is transferred or exchanged for another certificated Certificated Note, the Trustee will (x) cancel the certificated Certificated Note being exchanged or transferred and (y) deliver one or more new certificated Certificated Notes in authorized denominations having an equal aggregate principal amount to the transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such transferee or owner, as applicable.