eTrade 2005 Annual Report Download - page 370

a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the
Registered Securities of such series established as contemplated by Section2.03, or, if no such date is so established, if such interest
payment date is the first day of a calendar month, the fifteenth day of the next preceding calendar month or, if such interest payment
date is the fifteenth day of a calendar month, the first day of such calendar month, whether or not such record date is a Business Day.
Section2.08
. Registration, Transfer and Exchange.
The Issuer will keep at each office or agency to be maintained for the purpose as
provided in Section3.02 for each series of Securities a register or registers in which, subject to such reasonable regulations as it may
prescribe, it will provide for the registration of Registered Securities of such series and the registration of transfer of Registered
Securities of such series. Such register shall be in written form in the English language or in any other form capable of being converted
into such form within a reasonable time. At all reasonable times such register or registers shall be open for inspection by the Trustee.
Upon due presentation for registration of transfer of any Registered Security of any series at any such office or agency to be
maintained for the purpose as provided in Section3.02, the Issuer shall execute and the Trustee shall authenticate and deliver in the
name of the transferee or transferees a new Registered Security or Registered Securities of the same series, maturity date, interest rate
and original issue date in authorized denominations for a like aggregate principal amount.
Unregistered Securities (except for any temporary global Unregistered Securities) and Coupons (except for Coupons attached to any
temporary global Unregistered Securities) shall be transferable by delivery.
At the option of the Holder thereof, Registered Securities of any series (other than a Registered Global Security, except as set forth
below) may be exchanged for a Registered Security or Registered Securities of such series having authorized denominations and an
equal aggregate principal amount, upon surrender of such Registered Securities to be exchanged at the agency of the Issuer that shall
be maintained for such purpose in accordance with Section3.02 and upon payment, if the Issuer shall so require, of the charges
hereinafter provided. If the Securities of any series are issued in both registered and unregistered form, except as otherwise specified
pursuant to Section2.03, at the option of the Holder thereof, Unregistered Securities of any series may be exchanged for Registered
Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such
Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with
Section3.02, with, in the case of Unregistered Securities that have Coupons attached, all unmatured Coupons and all matured Coupons
in default thereto appertaining, and upon payment, if the Issuer shall so require, of the charges hereinafter provided. At the option of
the
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