Common use of ENTITLEMENT TO TREAT HOLDER AS OWNER Clause in Contracts

ENTITLEMENT TO TREAT HOLDER AS OWNER. Except as ordered by a court of competent jurisdiction or may be required by law, each of the Agents shall (whether or not the relevant Bond is overdue and regardless of any notice of ownership, trust or any interest, or writing on, or the loss or theft of, the Certificate issued in respect of it) be entitled to treat the registered holder of any Bond as the absolute owner for all purposes.