Common use of Exchange of the Notes Clause in Contracts

Exchange of the Notes. In addition to the circumstances set forth in Clause (2) of the last paragraph of Section 305 of the Original Indenture, and subject to the arrangements then existing between the Company and the applicable Depositary, the Company may at any time, in its sole discretion, elect to have any Global Note exchanged in whole or in part for Notes of the same series registered in the name or names of Persons other than such Depositary or a nominee thereof.

Appears in 4 contracts

Samples: Twelfth Supplemental Indenture (Northrop Grumman Corp /De/), Eleventh Supplemental Indenture (Northrop Grumman Corp /De/), Tenth Supplemental Indenture (Northrop Grumman Corp /De/)

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Exchange of the Notes. In addition to the circumstances set forth in Clause (2) of the last paragraph of Section 305 of the Original Indenture, and subject to the arrangements then existing between the Company and the applicable Depositary, the Company may at any time, in its sole discretion, elect to have any Global Note exchanged in whole or in part for Notes of the same series registered in the name or names of Persons other than such Depositary or a nominee thereof.

Appears in 1 contract

Samples: Supplemental Indenture (Northrop Grumman Corp /De/)

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Exchange of the Notes. In addition to the circumstances set forth in Clause (2) of the last paragraph of Section 305 of the Original Indenture, and subject to the arrangements then existing between the Company and the applicable Depositary, the Company may at any time, in its sole discretion, elect to have any Global Note exchanged in whole or in part for Notes of the same series registered in the name or names of Persons other than such Depositary or a nominee thereof.

Appears in 1 contract

Samples: Supplemental Indenture (Northrop Grumman Corp /De/)

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