WRITING DOWN. On each occasion on which: (a) a payment of principal is made in respect of this Global Note; (b) Definitive Notes are delivered; or (c) Notes represented by this Global Note are to be cancelled in accordance with Condition 5 (Redemption and Purchase), the Issuer shall procure that (i) the amount of such payment and the aggregate principal amount of such Notes and (ii) the remaining principal amount of this Global Note (which shall be the previous principal amount hereof less the aggregate of the amounts referred to in (i) above) are recorded in Schedule 1 (Payments, Delivery of Definitive Notes and Cancellation of Notes) hereto, whereupon the principal amount of this Global Note shall for all purposes be as most recently so recorded.
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WRITING DOWN. On each occasion on which:
(a) a payment of principal is made in respect of this Global Note;
(b) Definitive Notes are delivered; or
(c) Notes represented by this Global Note are to be cancelled in accordance with Condition 5 5(f) (Redemption and PurchasePurchase β Cancellation), the Issuer shall procure that (i) the amount of such payment and the aggregate principal amount of such Notes so delivered or cancelled and (ii) the remaining principal amount of Notes represented by this Global Note (which shall be the previous principal amount hereof less the aggregate of the amounts referred to in (i) above) are recorded entered in Schedule 1 (Payments, Exchanges against Temporary Global Note, Delivery of Definitive Notes and Cancellation of Notes) hereto, whereupon the principal amount of Notes represented by this Global Note shall for all purposes be as most recently so recordedentered.
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WRITING DOWN. On each occasion on which:
(a) a payment of principal is made in respect of this Global Note;
(b) Definitive Notes are delivered; or
(c) Notes represented by this Global Note are to be cancelled in accordance with Condition 5 (Redemption and Purchase), the Issuer shall procure that (i) the amount of such payment and the aggregate principal amount of such Subordinated Notes and (ii) the remaining principal amount of this Global Note (which shall be the previous principal amount hereof less the aggregate of the amounts referred to in (i) above) are recorded in Schedule 1 (Payments, Delivery of Definitive Notes and Cancellation of Notes) hereto, whereupon the principal amount of this Global Note shall for all purposes be as most recently so recorded.
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WRITING DOWN. On each occasion on which:
(a) a payment of principal is made in respect of this Global Note;
(b) Definitive Registered Notes are delivered; or
(c) Notes represented by this Global Note are to be cancelled in accordance with Condition 5 4(f) (Redemption and PurchasePurchase - Cancellation), the Issuer shall procure that (i) the amount of such payment and the aggregate principal amount of such Notes and (ii) the remaining principal amount of Notes represented by this Global Note (which shall be the previous principal amount hereof less the aggregate of the amounts referred to in (i) above) are recorded entered in the Schedule 1 (Payments, Delivery of Definitive Notes and Cancellation of Notes) hereto, whereupon the principal amount of Notes represented by this Global Note shall for all purposes be as most recently so recordedentered.
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Sources: Fiscal Agency Agreement (Trean Insurance Group, Inc.)