Common use of Exchange of Bonds Clause in Contracts

Exchange of Bonds. The registered owner (or assigns) of any Bond of the Ninety-first Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Bonds of the Ninety-first Series are nontransferable except to effect transfer to any successor to the Series 1985B NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a Bond of the Ninety-first Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Bond or Bonds of the Ninety-first Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Amended and Restated Bond of the NinetyEighty-first third Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Amended and Restated Bonds of the NinetyEighty-first third Series are nontransferable except to effect transfer to any successor to the Series 1985B 1987B NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a an Amended and Restated Bond of the NinetyEighty-first third Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Amended and Restated Bond or Bonds of the NinetyEighty-first third Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1987B NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Amended and Restated Bond of the NinetyEighty-first fourth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Amended and Restated Bonds of the NinetyEighty-first fourth Series are nontransferable except to effect transfer to any successor to the Series 1985B 1985A NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a an Amended and Restated Bond of the NinetyEighty-first fourth Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Amended and Restated Bond or Bonds of the NinetyEighty-first fourth Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1985A NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Bond of the Ninety-first Ninetieth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Bonds of the Ninety-first Ninetieth Series are nontransferable except to effect transfer to any successor to the Series 1985B 1987B NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a Bond of the Ninety-first Ninetieth Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Bond or Bonds of the Ninety-first Ninetieth Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1987B NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Bond of the NinetyEighty-first ninth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Bonds of the NinetyEighty-first ninth Series are nontransferable except to effect transfer to any successor to the Series 1985B 1988A NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a Bond of the NinetyEighty-first ninth Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Bond or Bonds of the NinetyEighty-first ninth Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1988A NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Bond of the Ninety-first third Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Bonds of the Ninety-first third Series are nontransferable except to effect transfer to any successor to the Series 1985B 1987A NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a Bond of the Ninety-first third Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Bond or Bonds of the Ninety-first third Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1987A NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Bond of the Ninety-first second Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Bonds of the Ninety-first second Series are nontransferable except to effect transfer to any successor to the Series 1985B 1986A NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a Bond of the Ninety-first second Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Bond or Bonds of the Ninety-first second Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1986A NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (or assigns) of any Amended and Restated Bond of the NinetyEighty-first fifth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Amended and Restated Bonds of the NinetyEighty-first fifth Series are nontransferable except to effect transfer to any successor to the Series 1985B 1985C NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a an Amended and Restated Bond of the NinetyEighty-first fifth Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Amended and Restated Bond or Bonds of the NinetyEighty-first fifth Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1985C NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.

Exchange of Bonds. The registered owner (Unless otherwise specifically provided in the Supplemental Indenture which creates and establishes a series of Bonds or assigns) in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of any Bond of exchanging Bonds exists and is exercised, the Ninety-first Series may Bonds to be exchanged shall be surrendered at any time surrender the same at the corporate trust office of the Trusteesuch place or places as shall be set forth in such Supplemental Indenture or Company Order, or at any other office or agency of the Trustee or designated by the Company maintained for such that purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified all unmatured coupons appertaining thereto (in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount case of Bonds of said series of other authorized denominations; and the Company will provide, Coupon Bonds) and the Trustee shall authenticate and deliverthe Company shall deliver in exchange therefor the Bond or Bonds of like tenor which the Bondholder making the exchange shall be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case at the time of any such exchange, an Event of Default in the payment of interest on the Bonds necessary to make of such exchange. The series has occurred and is continuing, all Coupon Bonds of the Ninety-first Series are nontransferable except to effect transfer to any successor to the Series 1985B NYSERDA Trusteesuch series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, to the Bond Insurer or to any successor to the Bond Insurerunless in bearer form, any such transfer of a Bond of the Ninety-first Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument or instruments of transfer in a form approved transfer, if required by the Company and the TrusteeCompany, duly executed by the registered holder Holder of such Bond or by his the duly authorized attorneyattorney of such Holder, at the office or agency of the Company designated by it. All Bonds so surrendered and delivered for exchange and the coupons appertaining thereto shall be delivered to the Trustee for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and thereupon a new Bond or Bonds of the Ninety-first Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for upon any exchange or registration of transferBonds, but the Company may require payment of make a sum charge therefor sufficient to cover reimburse it for any tax or taxes and other governmental applicable fees required by law and in addition may charge that may a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be imposed in relation theretopaid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bonds.

Exchange of Bonds. The registered owner (or assigns) of any Amended and Restated Bond of the NinetySixty-first ninth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of other authorized denominations; and the Company will provide, and the Trustee shall authenticate and deliver, the Bonds necessary to make such exchange. The Amended and Restated Bonds of the NinetySixty-first ninth Series are nontransferable except to effect transfer to any successor to the Series 1985B 1991A NYSERDA Trustee, to the Bond Insurer or to any successor to the Bond Insurer, any such transfer of a an Amended and Restated Bond of the NinetySixty-first ninth Series to be made at the principal corporate trust office of the Trustee, upon surrender and cancellation of such Bond, accompanied by a written instrument of transfer in a form approved by the Company and the Trustee, duly executed by the registered holder of such Bond or by his duly authorized attorney, and thereupon a new Amended and Restated Bond or Bonds of the NinetySixty-first ninth Series, for a like principal amount and bearing interest at the same rates and having the same maturity date, will be issued to the successor to the Series 1985B 1991A NYSERDA Trustee, the Bond Insurer or the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Original Indenture to the contrary notwithstanding, no payment of a service charge shall be required for any exchange or registration of transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.