payable, subject to applicable law, will be repaid to us and the holder of such debt security will thereafter look only to us for payment thereof. Book-Entry Debt Securities Except under the circumstances described below, the debt securities may be issued in whole or in part in the form of one or more global debt securi

t security which has been surrendered for repayment at the option of the holder, except the portion, if any, of the debt security not to be repaid. Book-Entry Debt Securities The debt securities of a series may be issued in whole or in part in the form of one or more global debt securities. Global debt securities will be