Common use of Limitation on Obligation to Effect Transfers or Exchanges Clause in Contracts

Limitation on Obligation to Effect Transfers or Exchanges. Neither the Bank nor the Trustee nor any other agent shall be required (a) to make transfers or exchanges of fully registered Debentures of any series on any interest payment date for Debentures of that series or during the twenty-one (21) preceding days, or (b) to make exchanges of Debentures of any series on the day of any selection by the Trustee of Debentures of that series to be redeemed or during the fifteen (15) preceding days.

Limitation on Obligation to Effect Transfers or Exchanges. Neither the Bank nor the Trustee nor any other agent shall be required (a) to make transfers or for exchanges of fully registered Debentures of any series on any interest payment date for Debentures of that series or during the twenty-one (21) preceding days, or (b) to make exchanges of Debentures of any series on the day of any selection by the Trustee of Debentures of that series to be redeemed or during the fifteen (15) preceding days.

Limitation on Obligation to Effect Transfers or Exchanges. Neither the Bank Corporation nor the Trustee nor the Registrar nor any other agent shall be required (a) to make transfers or exchanges of fully registered Debentures of any series on any interest payment date for Debentures of that series or of during the twenty-one (21) preceding days, or (b) to make exchanges of Debentures of any series on the day of any selection by the Trustee or the Registrar of Debentures of that series to be redeemed or during the fifteen (15) preceding days.