Exchanges of Notes. In relation to any Series comprising Bearer and Registered Notes, by the receipt of requests for exchanges of Bearer Notes for Registered Notes together with the relevant Bearer Notes (or notifications from the Principal Paying Agent of receipt thereof by the Principal Paying Agent), the Registrar shall effect the issue of Registered Note Certificates and make entries in the Register, and give effect to exchanges of Bearer Notes for Registered Notes in accordance with the Conditions applicable thereto and in accordance with the Regulations. The Registrar shall forthwith upon the receipt of the relevant Bearer Note(s) in relation to a relevant Series of Notes together with a request for the exchange of Bearer Note(s) for Registered Note(s) notify the Principal Paying Agent thereof (specifying (i) the serial numbers of the Bearer Note(s), (ii) the aggregate principal amount of Notes involved, and (iii) the exchange date applicable thereto) and shall on the exchange date cancel the relevant Bearer Note(s) (together with all unmatured Coupons and Receipts appertaining thereto and surrendered therewith) and forward the same to or to the order of the Principal Paying Agent. The Paying Agents shall notify the Issuer promptly of the exchange of Bearer Notes for Registered Notes, specifying the serial numbers of the Bearer Notes and of the Registered Note Certificates issued in exchange therefor, the aggregate principal amount involved and the applicable exchange date.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement, Amendment and Restatement Agreement