Common use of Global Bonds Clause in Contracts

Global Bonds. The Bonds shall be issued in Book-Entry Form, and the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order, authenticate and deliver one or more Global Bonds, evidencing the Bonds which (i) shall be an aggregate original principal amount equal to the aggregate original principal amount of such Bonds to be issued pursuant to the applicable Issuer Order, (ii) shall be registered in the name of the Clearing Agency therefor or its nominee, which shall initially be Cede & Co., as nominee for DTC, the initial Clearing Agency, (iii) shall be held by the Trustee as custodian for such Clearing Agency pursuant to such Clearing Agency’s or such nominee’s instructions, and (iv) shall bear a legend substantially to the effect set forth in Exhibit A. Each Clearing Agency designated pursuant to this Section 2.12 must, at the time of its designation and at all times while it serves as Clearing Agency hereunder, be a “clearing agency” registered under the Exchange Act and any other applicable statute or regulation. No Holder of any Bonds issued in Book-Entry Form shall receive a Definitive Bond representing such Holder’s interest in any such Bonds, except as provided in Section 2.14. Unless (and until) fully registered Definitive Bonds have been issued to the Holders pursuant to Section 2.14: (a) the provisions of this Section 2.12 shall be in full force and effect; (b) the Issuer, the Servicer, the Paying Agent, the Bond Registrar and the Trustee may deal with the Clearing Agency for all purposes (including the making of distributions on the Bonds) as the Holders; (c) to the extent that the provisions of this Section 2.12 conflict with any other provisions of this Indenture, the provisions of this Section 2.12 shall control; and (d) the rights of owners of security entitlements to Bonds shall be exercised only through the Clearing Agency and the Clearing Agency participants and shall be limited to those established by law and agreements between such owners and the Clearing Agency and/or the Clearing Agency participants. Unless and until Definitive Bonds are issued pursuant to Section 2.14, the initial Clearing Agency will make book-entry transfers among the Clearing Agency participants and receive and transmit distributions of principal and interest on the Global Bonds to such Clearing Agency participants.

Global Bonds. The Bonds shall be issued in Book-Entry Form, and the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order, authenticate and deliver one or more Global Bonds, evidencing representing the Bonds which (i) shall be in an aggregate original principal amount equal to the aggregate original principal amount of such Bonds to be issued pursuant to the applicable Issuer Order, (ii) shall be registered in the name of the Clearing Agency therefor or its nominee, which shall initially be Cede & Co., as nominee for DTC, the initial Clearing Agency, (iii) shall be held by the Trustee as custodian for such Clearing Agency pursuant to such Clearing Agency’s or such nominee’s instructions, and (iv) shall bear a legend substantially to the effect set forth in Exhibit A. Each Clearing Agency designated pursuant to this Section 2.12 must, at the time of its designation and at all times while it serves as Clearing Agency hereunder, be a “clearing agency” registered under the Exchange Act and any other applicable statute or regulation. No Holder of any Bonds issued in Book-Entry Form shall receive a Definitive Bond representing such Holder’s interest in any such Bonds, except as provided in Section 2.14. Unless (and until) fully registered Definitive Bonds have been issued to the Holders pursuant to Section 2.14: (a) the provisions of this Section 2.12 shall be in full force and effect; (b) the Issuer, the Servicer, the Paying Agent, the Bond Registrar and the Trustee may deal with the Clearing Agency for all purposes (including the making of distributions on the Bonds) as the HoldersHolder; (c) to the extent that the provisions of this Section 2.12 conflict with any other provisions of this Indenture, the provisions of this Section 2.12 shall control; and (d) the rights of owners of security entitlements to Bonds shall be exercised only through the Clearing Agency and the Clearing Agency participants and shall be limited to those established by law and agreements between such owners and the Clearing Agency and/or the Clearing Agency participants. Unless and until Definitive Bonds are issued pursuant to Section 2.14, the initial Clearing Agency will make book-entry transfers among the Clearing Agency participants and receive and transmit distributions of principal and interest on the Global Bonds to such Clearing Agency participants.