Common use of Exchanges Between Global Security and Non-Global Security Clause in Contracts

Exchanges Between Global Security and Non-Global Security. A --------------------------------------------------------- beneficial interest in a Global Security may be exchanged for a Note that is not a Global Security as provided in Section 2.08(d)(2) hereof, provided that, if such interest is a beneficial interest in the Restricted Global Security, or if such interest is a beneficial interest in the Regulation S Global Security and such exchange is to occur during the Restricted Period, then such interest shall be exchanged for a Restricted Note (subject in each case to Section 2.08(c) hereof). A Note that is not a Global Security may be exchanged for a beneficial interest in a Global Security only if (A) such exchange occurs in connection with a transfer effected in accordance with Clause (b)(iii) or (iv) above or (B) such Note is a Regulation S Note and such exchange occurs after the Restricted Period.

Exchanges Between Global Security and Non-Global Security. A --------------------------------------------------------- beneficial interest in a Global Security may be exchanged for a Note that is not a Global Security as provided in Section 2.08(d)(2) hereof), provided that, if such interest is a beneficial interest in the Restricted Global Security, or if such interest is a beneficial interest in the Regulation S Global Security and such exchange is to occur during the Restricted Period, then such interest shall be exchanged for a Restricted Note (subject in each case to Section 2.08(c) hereof)). A Note that is not a Global Security may be exchanged for a beneficial interest in a Global Security only if (A) such exchange occurs in connection with a transfer effected in accordance with Clause (b)(iii) or (iv) above or (B) such Note is a Regulation S Note and such exchange occurs after the Restricted Period.