116770 Project Obelix Pt1.qxp - Carlsberg Group

principal in respect of any Notes when due 30 days, after that on which the notice requiring exchangeis given and on which banks are open for business in the city in which the specified office of the FiscalAgent is located and in the city in which the relevant clearing system is located.4 Amendment to ConditionsThe temporary Global Notes, permanent Global Notes and Global Certificates contain provisions that apply tothe Notes that they represent, some of which modify the effect of the terms and conditions of the Notes set outin this Base Prospectus. The following is a summary of certain of those provisions:4.1 PaymentsNo payment falling due after the Exchange Date will be made on any Global Note unless exchange foran interest in a permanent Global Note or for Definitive Notes or Registered Notes is improperlywithheld or refused. Payments on any temporary Global Note issued in compliance with the D Rulesbefore the Exchange Date will only be made against presentation of certification as to non-U.S.beneficial ownership in the form set out in the Agency Agreement. All payments in respect of Notesrepresented by a Global Note in CGN form will be made against presentation for endorsement and, ifno further payment falls to be made in respect of the Notes, surrender of that Global Note to or to theorder of the Fiscal Agent or such other Paying Agent as shall have been notified to the Noteholders forsuch purpose. If the Global Note is a CGN, a record of each payment so made will be endorsed on eachGlobal Note, which endorsement will be prima facie evidence that such payment has been made inrespect of the Notes. Condition 7(f)(vii) and Condition 8(d) will apply to the Definitive Notes only. Ifthe Global Note is a NGN, the Issuer shall procure that details of each such payment shall be enteredpro rata in the records of the relevant clearing system and in the case of payments of principal, thenominal amount of the Notes recorded in the records of the relevant clearing system and represented bythe Global Note will be reduced accordingly. Payments under the NGN will be made to its holder. Eachpayment so made will discharge the Issuer’s obligations in respect thereof. Any failure to make theentries in the records of the relevant clearing system shall not affect such discharge.4.2 PrescriptionClaims against the Issuer in respect of Notes that are represented by a permanent Global Note willbecome void unless it is presented for payment within a period of 10 years (in the case of principal) andfive years (in the case of interest) from the appropriate Relevant Date (as defined in Condition 9).SNA13 - 4.84.3 MeetingsThe holder of a permanent Global Note or of the Notes represented by a Global Certificate shall (unlesssuch permanent Global Note or Global Certificate represents only one Note) be treated as being twopersons for the purposes of any quorum requirements of a meeting of Noteholders and, at any suchmeeting, the holder of a permanent Global Note shall be treated as having one vote in respect of eachintegral currency unit of the Specified Currency of the Notes. (All holders of Registered Notes areentitled to one vote in respect of each integral currency unit of the Specified Currency of the Notescomprising such Noteholder’s holding, whether or not represented by a Global Certificate.)4.4 CancellationCancellation of any Note represented by a permanent Global Note that is required by the Conditions tobe cancelled (other than upon its redemption) will be effected by reduction in the nominal amount ofthe relevant permanent Global Note.46