eTrade 2005 Annual Report Download - page 498

(e) (1)
Global Note to Global Note
. If a beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in
another Global Note, the Trustee will (x)record a decrease in the principal amount of the Global Note being transferred or exchanged
equal to the principal amount of such transfer or exchange and (y)record a like increase in the principal amount of the other Global
Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an interest in another
Global Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global
Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and exchange
restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an
interest.
(2)
Global Note to Certificated Note
. If a beneficial interest in a Global Note is transferred or exchanged for a Certificated Note, the
Trustee will (x)record a decrease in the principal amount of such Global Note equal to the principal amount of such transfer or exchange
and (y)deliver one or more new Certificated Notes in authorized denominations having an equal aggregate principal amount to the
transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such
transferee or owner, as applicable.
(3)
Certificated Note to Global Note
. If a Certificated Note is transferred or exchanged for a beneficial interest in a Global Note, the
Trustee will (x)cancel such Certificated Note, (y)record an increase in the principal amount of such Global Note equal to the principal
amount of such transfer or exchange and (z)in the event that such transfer or exchange involves less than the entire principal amount
of the canceled Certificated Note, deliver to the Holder thereof one or more new Certificated Notes in authorized denominations having
an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the
name of the Holder thereof.
(4)
Certificated Note to Certificated Note
. If a Certificated Note is transferred or exchanged for another Certificated Note, the Trustee
will (x)cancel the Certificated Note being transferred or exchanged, (y)deliver one or more new Certificated Notes in authorized
denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the transferee (in
the case of a transfer) or the Holder of the canceled Certificated Note (in the case of an exchange), registered in the name of such
transferee or Holder, as applicable, and (z)if such transfer or exchange involves less than the entire principal amount of the canceled
Certificated Note, deliver to the Holder thereof one or
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2006. EDGAR Online, Inc.