Limitations Relating to Principal Amount. Notwithstanding any other provision of this Indenture and unless otherwise specified as permitted by Section 3.1; Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $1,000. To the fullest extent permitted by applicable law, any transfer, exchange or other disposition of Securities in contravention of this Section 3.6(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Securities for any purpose, including but not limited to the receipt of interest payable on such Securities, and such transferee shall be deemed to have no interest whatsoever in such Securities and, the Securities Registrar shall not record any such transfer in the Securities Registrar.
Appears in 4 contracts
Samples: Junior Subordinated Indenture (Gainsco Inc), Junior Subordinated Indenture (Assuranceamerica Corp), Junior Subordinated Indenture (Community Financial Holding Co Inc)
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Indenture and unless otherwise specified as permitted by Section 3.1; 3.01, Securities or portions thereof may be transferred registered for transfer or exchanged only in blocks having an aggregate principal amounts amount of not less than $1,000100,000 and integral multiples of $1,000 in excess thereof. To the fullest extent permitted by applicable law, any Any transfer, exchange or other disposition of Securities in contravention of this Section 3.6(b)(v3.06(b)(iv) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Securities for any purpose, including but not limited to the receipt of interest payable on such Securities, and such transferee shall be deemed to have no interest whatsoever in such Securities and, the Securities Registrar shall not record any such transfer in the Securities RegistrarSecurities.
Appears in 2 contracts
Samples: Junior Subordinated Indenture (Usb Holding Co Inc), Junior Subordinated Indenture (Usb Holding Co Inc)