Common use of EXCHANGE OF GLOBAL NOTES Clause in Contracts

EXCHANGE OF GLOBAL NOTES. Each Temporary Global Note will be exchangeable either, in accordance with its terms, for a Permanent Global Note or for Definitive Notes in either case, on or after the 40th day following the Issue Date of the Notes and only to the extent that certification (in a form to be provided) to the effect that the beneficial owners of interests in such Notes are not United States persons or persons who have purchased for resale to any United States person (as required by U.S. Treasury regulations) has been received by the relevant Clearing System, has given a like certification (based on the certification received) to the Fiscal Agent. Each Permanent Global Note will be exchangeable (free of charge), in whole but not in part, in the limited circumstances specified in the relevant Global Note. No Definitive Note delivered in exchange for a Temporary Global Note or a Permanent Global Note, as the case may be, may be mailed or otherwise delivered to any location in the United States or its possessions.