Common use of EXCHANGE OF GLOBAL NOTES Clause in Contracts

EXCHANGE OF GLOBAL NOTES. Global Notes and Global Residual Certificates may also be exchanged or replaced, in whole or in part, as provided in Clause 6 (Replacement Notes and Residual Certificates). Every Global Note and Global Residual Certificate authenticated, (in the case of each Global Class A Note) effectuated and delivered in exchange for, or in lieu of, another Global Note and/or Global Residual Certificate (as the case may be) or any portion thereof, pursuant to Clause 6 (Replacement Notes and Residual Certificates) hereof, shall be authenticated, (in the case of each Global Class A Note) effectuated and delivered in the form of, and shall be, a Global Note or Global Residual Certificate. A Global Note or a Global Residual Certificate may not be exchanged for another Global Note or Global Residual Certificate other than as provided in this Clause 5.