Common use of Initial Holder Clause in Contracts

Initial Holder. The Borrower shall be entitled to treat and deal with the Lenders, and shall not be required to recognize any other Person as the holder of a Note, except after production of such Note duly endorsed for transfer, together with such documentation as the Borrower may reasonably require concerning compliance with Federal or state securities laws, or after receipt by the Borrower of written notice from the Person theretofore entitled to be treated as the holder advising the Borrower of the transfer of such Note to such other Person and stating the latter’s address, together with such documentation as the Borrower may reasonably require concerning compliance with Federal or state securities laws.

Initial Holder. The Borrower Borrowers shall be entitled to treat and deal with the Lenders, and shall not be required to recognize any other Person as the holder of a Note, except after production of such Note duly endorsed for transfer, together with such documentation as the Borrower Borrowers may reasonably require concerning compliance with Federal federal or state securities laws, or after receipt by the Borrower Borrowers of written notice from the Person theretofore entitled to be treated as the holder advising the Borrower Borrowers of the transfer of such Note to such other Person and stating the latter’s address, together with such documentation as the Borrower Borrowers may reasonably require concerning compliance with Federal federal or state securities laws.

Initial Holder. The Borrower shall be entitled to treat and deal with the Lenders, and shall not be required to recognize any other Person as the holder of a the Note, except after production of such Note duly endorsed for transfer, together with such documentation as the Borrower may reasonably require concerning compliance with Federal federal or state securities laws, or after receipt by the Borrower of written notice from the Person theretofore entitled to be treated as the holder advising the Borrower of the transfer of such Note to such other Person and stating the latter’s 's address, together with such documentation as the Borrower may reasonably require concerning compliance with Federal federal or state securities laws.

Initial Holder. The Borrower shall be entitled to treat and deal with the Lenders, and shall not be required to recognize any other Person as the holder of a the Note, except after production of such Note duly endorsed for transfer, together with such documentation as the Borrower may reasonably require concerning compliance with Federal federal or state securities laws, or after receipt by the Borrower of written notice from the Person theretofore entitled to be treated as the holder advising the Borrower of the transfer of such Note to such other Person and stating the latter’s address, together with such documentation as the Borrower may reasonably require concerning compliance with Federal federal or state securities laws.