Common use of Effective Date of Transfer Clause in Contracts

Effective Date of Transfer. The effective date of the transfer recorded on the Company's register of Debentures shall be the date requested in the instructions of transfer; the effective date shall not, however, precede the date of the most recent payment date of interest with respect to such Debenture. In the event such date precedes the date of the most recent payment of interest on the Debenture or if the desired date is omitted from the instructions of transfer, the Company may in its discretion honor the transfer, and, in such case, the effective date of transfer shall be the first date at which the Company is in receipt of all of the items required by Section 9.02 hereof.

Appears in 3 contracts

Samples: Debenture Agreement (Pioneer Drilling Co), Debenture Agreement (Pioneer Drilling Co), Debenture Agreement (South Texas Drilling & Exploration Inc)

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Effective Date of Transfer. The effective date of the transfer -------------------------- recorded on the Company's register of Debentures debenture records shall be the date requested in the instructions of transfer; however, the effective date shall not, however, not precede the date of the most recent payment date of principal or interest with respect to such Debenture. In the event such date precedes the date of the most recent payment of principal or interest on the with respect to such Debenture or if the desired date is omitted from the instructions of transfer, the Company may in its discretion honor the transfer, and, in such case, the effective date of transfer shall be the first date at which the Company is in receipt of all of the items required by Section 9.02 2.02 hereof.

Appears in 1 contract

Samples: Debenture Agreement (Enb Bankshares Inc)

Effective Date of Transfer. The effective date of the transfer recorded on the Company's register of Debentures shall be the date requested in the instructions of transfer; the effective date shall not, however, precede the date of the most recent payment date of interest with respect to such Debenture. In the event such date precedes the date of the most recent payment of interest on the Debenture or if the desired date is omitted from the instructions of transfer, the Company may in its discretion honor the transfer, and, in such case, the effective date of transfer shall be the first date at which the Company is in receipt of all of the items required by Section 9.02 10.02 hereof.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Wedge Energy Services LLC)

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Effective Date of Transfer. The effective date of the transfer recorded on the Company's register of Debentures debenture records shall be the date requested in the instructions of transfer; however, the effective date shall not, however, not precede the date of the most recent payment date of principal or interest with respect to such Debenture. In the event such date precedes the date of the most recent payment of principal or interest on the with respect to such Debenture or if the desired date is omitted from the instructions of transfer, the Company may in its discretion honor the transfer, and, in such case, the effective date of transfer shall be the first date at which the Company is in receipt of all of the items required by Section 9.02 2.02 hereof.. 3 2.04

Appears in 1 contract

Samples: Debenture Agreement (Enb Bankshares Inc)

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