Common use of Notation on Debentures Clause in Contracts

Notation on Debentures. Debentures authenticated and delivered after the effective date of any action taken as provided in this Article may, and, if the Issuer so determines, shall bear a notation by endorsement or otherwise in form approved by the Trustee as to such action, and in that case upon demand of the holder of any Outstanding Debenture at such effective date and presentation of such Debenture for the purpose at the Office of the Trustee, or upon any transfer of any Debenture Outstanding at such effective date, suitable notation shall be made on such Debenture or upon any Debenture issued upon any such transfer by the Trustee as to any such action. If the Issuer shall so determine, new Debentures so modified as in the opinion of the Trustee and the Issuer to conform to such action shall be prepared, authenticated and delivered, and upon demand of the holder of any Debenture then Outstanding shall be exchanged, without cost to such Debenture holder for Debentures then Outstanding, upon surrender of such Debentures for Debentures of an equal aggregate principal amount and of the same Series, maturity and interest rate, in any Authorized Denomination.