Common use of Further Issues of Notes Clause in Contracts

Further Issues of Notes. If the Issuer shall issue Further Notes forming a single series with the Notes as contemplated by Condition 17 (Further Issues), the Issuer and the Fiscal Agent shall follow the same procedures set forth herein with respect to the initial issuance of such additional notes. In the case of each Global Note: (a) a new Regulation S Global Note and Rule 144A Global Note reflecting the increased principal amount shall be issued in exchange for the respective Regulation S Global Note and Rule 144A Global Note outstanding prior to such additional issuance and such existing Regulation S Global Note and Rule 144A Global Note shall be destroyed; or (b) the principal amount of the then existing Global Notes shall be increased to reflect the issuance of Further Notes, as the Issuer may specify. After any further issuance of Notes, all references herein or in any Note to the aggregate principal amount of Notes shall be deemed to refer to the principal amount as increased by such further issuance.

Appears in 2 contracts

Sources: Fiscal Agency Agreement, Fiscal Agency Agreement