Common use of Debt Securities Redeemed in Part Clause in Contracts

Debt Securities Redeemed in Part. Any Debt Security which is to be redeemed only in part will be surrendered at any office or agency for such Debt Security (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company will execute and the Trustee will authenticate and deliver to the Holder of such Debt Security without service charge, a new Debt Security or Debt Securities, containing identical terms and provisions, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debt Security so surrendered. If a Global Debt Security is so surrendered, the Company will execute, and the Trustee will authenticate and deliver to the Depositary for such Global Debt Security as will be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Global Debt Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Debt Security so surrendered. Upon surrender of a Debt Security that is redeemed in part, the Company will issue and the Trustee will authenticate for the Holder at the expense of the Company a new Debt Security equal in principal amount to the unredeemed portion of the Debt Security surrendered, representing the same indebtedness to the extent not redeemed. Notwithstanding anything herein to the contrary, only a Company Order and not an Opinion of Counsel or an Officers’ Certificate of the Company is required for the Trustee to authenticate such new Debt Security.