Common use of Regulation S Global Note to Rule 144A Global Note Clause in Contracts

Regulation S Global Note to Rule 144A Global Note. If, at any time an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository or with the Indenture Trustee as custodian for the Securities Depository wishes to transfer its interest in such Regulation S Global Note to a person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or Clearstream, if applicable, and the Securities Depository, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant account with the Securities Depository to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit B-2 attached hereto given by the Note Owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, that the person transferring such interest in a Regulation S Global Note reasonably believes that the person acquiring such interest in a Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any State, (B) that the transfer complies with the requirements of Rule 144A under the Securities Act and any applicable blue sky or securities laws of any State or (C) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer and to the Indenture Trustee, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository to reduce or cause to be reduced the initial Outstanding Note Balance of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance of the applicable Rule 144A Global Note by the initial principal amount of the beneficial interest in the Regulation S Global Note to be exchanged, and the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository, concurrently with such reduction, to credit or cause to be credited to the account of the person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global Note that is being transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time If an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository Depositary or with the Indenture Trustee as custodian Custodian for the Securities Depository Depositary wishes to transfer its interest in such Regulation S Global Note to a person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii2.6(a)(iii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or ClearstreamCedel, if applicable, and the Securities DepositoryDepositary, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note in an amount equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant account with the Securities Depository to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository Depositary to be credited with such amount and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit B-2 attached hereto given by the Note Owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, a certificate in the form of Exhibit C attached hereto given by the owner of such beneficial interest and stating as provided therein and to the effect that (i) the transfer of such interest is being made in compliance with the transfer restrictions applicable thereto under the Notes, (ii) that the person transferring such interest in a Regulation S Global Note reasonably believes that the person acquiring such interest in a the Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting (iii) that the transfer complies with the requirements of Rule 144A and any applicable blue sky or securities laws of any State, state of the United States or any other jurisdiction or (B) that the transfer complies with the requirements of Rule 144A under the Securities Act and any applicable blue sky or securities laws of any State or (C) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, a certificate in form acceptable to the Company and the Trustee stating that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimedclaimed and in compliance with any applicable blue sky or securities laws of any State of the United States, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer Company and to the Indenture TrusteeRegistrar, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository Depositary to reduce or cause to be reduced the initial Outstanding Note Balance aggregate principal amount at maturity of such the applicable Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance aggregate principal amount at maturity of the applicable Rule 144A Global Note by the initial principal amount at maturity of the beneficial interest in the Regulation S Global Note to be exchanged, and the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository, concurrently with such reduction, to credit or cause to be credited to the account of the person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance aggregate principal amount at maturity of such the aggregate principal amount at maturity of the applicable Regulation S Global Note and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global Note that is being transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time time, an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository (or with the Indenture Trustee as custodian for the Securities Depository Note Custodian) wishes to transfer its interest in such Regulation S Global Note to a person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii2.06(a)(ii). Upon receipt by the Indenture Trustee of (1) written instructions from Euroclear or Clearstream, if applicable, and the Securities Depository, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant account with the Securities Depository to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit B-2 attached hereto given by the Note Owner owner of such beneficial interest stating (Aa) if the transfer is pursuant to Rule 144A, that the person transferring such interest in a Regulation S Global Note reasonably believes that the person acquiring such interest in a Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any Statestate of the United States, (Bb) that the transfer complies with the requirements of Rule 144A 144 under the Securities Act and any applicable blue sky or securities laws of any State state of the United States or (Cc) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer Company and to the Indenture TrusteeRegistrar, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository to reduce or cause to be reduced the initial Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance aggregate principal amount at maturity of the applicable Rule 144A Global Note by the initial principal amount at maturity of the beneficial interest in the Regulation S Global Note to be exchanged, and the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository, concurrently with such reduction, to credit or cause to be credited to the account of the person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global Note that is being transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time time, after the expiration of the 40-day restricted period, an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository Depositary or with the Indenture Trustee as custodian for the Securities Depository Depositary wishes to transfer its beneficial interest in such Regulation S Global Note to a person Person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii2.06(a)(ii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or ClearstreamCedel, if applicable, and the Securities DepositoryDepositary, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant Participant account with the Securities Depository Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository Depositary and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit B-2 attached hereto given by the Note Owner owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, that the person Person transferring such interest in a Regulation S Global Note reasonably believes that the person Person acquiring such interest in a Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any Statestate of the United States, (B) that the transfer complies with the requirements of Rule 144A 144 under the Securities Act, (C) if the transfer is to an Institutional Accredited Investor that such transfer is in compliance with the Securities Act and any applicable blue sky or securities laws a certificate in the form of any State Exhibit C attached hereto and, if such transfer is in respect of an aggregate principal amount of less than $250,000, an Opinion of Counsel acceptable to the Company that such transfer is in compliance with the Securities Act or (CD) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer Company and to the Indenture TrusteeRegistrar and in each case, in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository Depositary to reduce or cause to be reduced the initial Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance aggregate principal amount at maturity of the applicable Rule 144A Global Note by the initial principal amount at maturity of the beneficial interest in the Regulation S Global Note to be exchangedexchanged or transferred, and the Indenture Trustee, as Note Registrar, shall instruct the Securities DepositoryDepositary, concurrently with such reduction, to credit or cause to be credited to the account of the person Person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person Person making such transfer the beneficial interest in the Regulation S Global Note that is being exchanged or transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository or with the Indenture Trustee as custodian for the Securities Depository wishes to transfer its interest in such Regulation S Global Note to a person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or Clearstream, if applicable, and the Securities Depository, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant account with the Securities Depository to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit B-2 attached hereto given by the Note Owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, that the person transferring such interest in a Regulation S Global Note reasonably believes that the person acquiring such interest in a Rule 144A Global KL2 3395391.6 Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any State, (B) that the transfer complies with the requirements of Rule 144A under the Securities Act and any applicable blue sky or securities laws of any State or (C) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer and to the Indenture Trustee, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository to reduce or cause to be reduced the initial Outstanding Note Balance of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance of the applicable Rule 144A Global Note by the initial principal amount of the beneficial interest in the Regulation S Global Note to be exchanged, and the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository, concurrently with such reduction, to credit or cause to be credited to the account of the person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in the Regulation S Global Note that is being transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time time, after the expiration of the 40-day restricted period, an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository Depositary or with the Indenture Trustee as custodian for the Securities Depository Depositary wishes to transfer its beneficial interest in such Regulation S Global Note to a person Person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii2.06(a)(ii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or ClearstreamCedel, if applicable, and the Securities DepositoryDepositary, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant Participant account with the Securities Depository Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository Depositary and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit EXHIBIT B-2 attached hereto given by the Note Owner owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, that the person Person transferring such interest in a Regulation S Global Note reasonably believes that the person Person acquiring such interest in a Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any Statestate of the United States, (B) that the transfer complies with the requirements of Rule 144A 144 under the Securities Act, (C) if the transfer is to an Institutional Accredited Investor that such transfer is in compliance with the Securities Act and any applicable blue sky or securities laws a certificate in the form of any State EXHIBIT C attached hereto and, if such transfer is in respect of an aggregate principal amount of less than $100,000, an Opinion of Counsel acceptable to the Issuers that such transfer is in compliance with the Securities Act or (CD) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer Issuers and to the Indenture TrusteeRegistrar and in each case, in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository Depositary to reduce or cause to be reduced the initial Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance aggregate principal amount at maturity of the applicable Rule 144A Global Note by the initial principal amount at maturity of the beneficial interest in the Regulation S Global Note to be exchangedexchanged or transferred, and the Indenture Trustee, as Note Registrar, shall instruct the Securities DepositoryDepositary, concurrently with such reduction, to credit or cause to be credited to the account of the person Person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person Person making such transfer the beneficial interest in the Regulation S Global Note that is being exchanged or transferred.

Regulation S Global Note to Rule 144A Global Note. If, at any time time, after the expiration of the 40-day restricted period, an owner of a beneficial interest in a Regulation S Global Note deposited with the Securities Depository Depositary or with the Indenture Trustee as custodian for the Securities Depository Depositary wishes to transfer its beneficial interest in such Regulation S Global Note to a person Person who is required or permitted to take delivery thereof in the form of an interest in a Rule 144A Global Note, such owner shall, subject to the Applicable Procedures, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Rule 144A Global Note as provided in this Section 2.08(a)(ii2.06(a)(ii). Upon receipt by the Indenture Trustee of (1) instructions from Euroclear or ClearstreamCedel, if applicable, and the Securities DepositoryDepositary, directing the Indenture Trustee, as Note Registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the beneficial interest in the Regulation S Global Note to be exchanged, such instructions to contain information regarding the participant Participant account with the Securities Depository Depositary to be credited with such increase, (2) a written order given in accordance with the Applicable Procedures containing information regarding the participant account of the Securities Depository Depositary and (3) if such transfer is being effected prior to the expiration of the "40-day distribution compliance period" (as defined by Regulation S under the Securities Act), a certificate in the form of Exhibit EXHIBIT B-2 attached hereto given by the Note Owner owner of such beneficial interest stating (A) if the transfer is pursuant to Rule 144A, that the person Person transferring such interest in a Regulation S Global Note reasonably believes that the person Person acquiring such interest in a Rule 144A Global Note is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and any applicable blue sky or securities laws of any Statestate of the United States, (B) that the transfer complies with the requirements of Rule 144A 144 under the Securities Act, (C) if the transfer is to an Institutional Accredited Investor that such transfer is in compliance with the Securities Act and any applicable blue sky or securities laws a certificate in the form of any State Exhibit C attached hereto and, if such transfer is in respect of an aggregate principal amount of less than $100,000, an Opinion of Counsel acceptable to the Company that such transfer is in compliance with the Securities Act or (CD) if the transfer is pursuant to any other exemption from the registration requirements of the Securities Act, that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the requirements of the exemption claimed, such statement to be supported by an Opinion of Counsel from the transferee or the transferor in form reasonably acceptable to the Issuer Company and to the Indenture TrusteeRegistrar and in each case, in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction, then the Indenture Trustee, as Note Registrar, shall instruct the Securities Depository Depositary to reduce or cause to be reduced the initial Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to increase or cause to be increased the initial Outstanding Note Balance aggregate principal amount at maturity of the applicable Rule 144A Global Note by the initial principal amount at maturity of the beneficial interest in the Regulation S Global Note to be exchangedexchanged or transferred, and the Indenture Trustee, as Note Registrar, shall instruct the Securities DepositoryDepositary, concurrently with such reduction, to credit or cause to be credited to the account of the person Person specified in such instructions a beneficial interest in the applicable Rule 144A Global Note equal to the reduction in the Outstanding Note Balance aggregate principal amount at maturity of such Regulation S Global Note and to debit or cause to be debited from the account of the person Person making such transfer the beneficial interest in the Regulation S Global Note that is being exchanged or transferred.