Common use of Record Date for Exchange Clause in Contracts

Record Date for Exchange. The Global Agent will make the first distribution on an Exchangeable Note or RCR Note received in an exchange transaction on the Payment Date related to the next Record Date following the exchange.

Record Date for Exchange. The Global Agent will make the first distribution on an Exchangeable Note or RCR Note received in an exchange transaction on the Payment Date related in the month following the exchange to the next Record Date following Noteholder of record as of the close of business on the last day of the month of the exchange.