Common use of The Global Certificate Clause in Contracts

The Global Certificate. Immediately before issue of the Bonds, the Company shall deliver to the Registrar a duly executed Global Certificate representing the Bonds. The Registrar (or its agent on its behalf) shall, after checking that the Global Certificate has been recorded on the Register correctly, authenticate the Global Certificate upon the written order of the Company and arrange for its delivery to a depositary common to Euroclear and Clearstream. Title to the Bonds evidenced by the Global Certificate may be registered in the name of, and the Global Certificate be deposited with, such Alternative Clearing System other than Euroclear or Clearstream (or a nominee thereof) as the Company may from time to time designate with the prior written approval of the Trustee, and shall bear such legend as may be appropriate.