Common use of Limitations Relating to Principal Amount Clause in Contracts

Limitations Relating to Principal Amount. Notwithstanding any other provision of this Indenture and unless otherwise specified as permitted by Section 3.01, Securities or portions thereof may be registered for transfer or exchanged only in blocks having an aggregate principal amount of not less than $100,000 and integral multiples of $1,000 in excess thereof. Any transfer, exchange or other disposition of Securities in contravention of this Section 3.06(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.

Appears in 2 contracts

Samples: Usb Holding Co Inc, Usb Holding Co Inc

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Limitations Relating to Principal Amount. Notwithstanding any other provision of this Indenture and unless otherwise specified as permitted by Section 3.01, Securities or portions thereof may be registered for transfer transferred or exchanged only in blocks having an aggregate principal amount amounts of not less than $100,000 (100 Securities) and integral multiples of $1,000 in excess thereof. Any transfer, exchange or other disposition of Securities in contravention of this Section 3.06(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.

Appears in 1 contract

Samples: Securities Indenture (National City Capital Trust I)

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Limitations Relating to Principal Amount. Notwithstanding any ----------------------------------------- other provision of this Indenture and unless otherwise specified as permitted by Section 3.01, Securities or portions thereof may be registered for transfer transferred or exchanged only in blocks having an aggregate principal amount amounts of not less than $100,000 (100 Securities) and integral multiples of $1,000 in excess thereof. Any transfer, exchange or other disposition of Securities in contravention of this Section 3.06(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.

Appears in 1 contract

Samples: Central Fidelity Capital Trust I

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