Common use of Issue of Global Debentures Clause in Contracts

Issue of Global Debentures. (a) The Corporation may specify that the Debentures of a series are to be issued in whole or in part as one or more Global Debentures registered in the name of a Depository, or its nominee, designated by the Corporation in the Written Direction of the Corporation delivered to the Trustees at the time of issue of such Debentures, and in such event the Corporation shall execute and the Trustees shall certify and deliver one or more Global Debentures that shall: (i) represent an aggregate amount equal to the principal amount of the outstanding Debentures of such series to be represented by one or more Global Debentures; (ii) be delivered by the Trustees to such Depository or pursuant to such Depository’s instructions; and

Issue of Global Debentures. (a) The Corporation may specify that the Debentures of a series are to be issued in whole or in part as one or more Global Debentures registered in the name of a Depository, or its nominee, designated by the Corporation in the Written Direction of the Corporation delivered to the Trustees Debenture Trustee at the time of issue of such Debentures, and in such event the Corporation shall execute and the Trustees Debenture Trustee shall certify and deliver one or more Global Debentures that shall: (i) represent an aggregate amount equal to the principal amount of the outstanding Debentures of such series to be represented by one or more Global Debentures; (ii) be delivered by the Trustees Debenture Trustee to such Depository or pursuant to such Depository’s 's instructions; and