Common use of Notation on or Exchange of Bonds Clause in Contracts

Notation on or Exchange of Bonds. If an amendment or supplement changes the terms of a Bond, the Trustee may require the holder to deliver it to the Trustee. The Trustee may place an appropriate notation on the Bond about the changed terms and return it to the holder. Alternatively, if the Trustee, the Issuer and the Company determine, the Issuer in exchange for the Bond will issue and the Trustee will authenticate a new Bond that reflects the changed terms.

Notation on or Exchange of Bonds. If an amendment or supplement changes the terms of a Bond, the Trustee may require the holder to deliver it to the Trustee. The Trustee may place an appropriate notation on the Bond about the changed terms and return it to the holder. Alternatively, if the Trustee, the Issuer and the Company Borrower determine, the Issuer in exchange for the Bond will issue and the Trustee will authenticate a new Bond that reflects the changed terms.

Notation on or Exchange of Bonds. If an amendment or supplement changes the terms of a Bond, the Trustee may require the holder to deliver it to the Trustee. The Trustee may place an appropriate notation on the Bond about the changed terms and return it to the holder. Alternatively, if the Trustee, the Issuer and the Company determine, the Issuer in 62 exchange for the Bond will issue and the Trustee will authenticate a new Bond that reflects the changed terms.

Notation on or Exchange of Bonds. If an amendment or supplement changes the terms of a Bond, the Trustee Company may require the holder Holder to deliver it the Bond to the Trustee. The If so instructed by the Company, the Trustee may place an appropriate notation on the Bond about regarding the changed terms and return it to the holderHolder. Alternatively, if the TrusteeCompany so determines, the Issuer and the Company determine, the Issuer in exchange for the Bond will shall issue and the Trustee will shall authenticate a new Bond that reflects the changed terms. Failure to make the appropriate notation or to issue a new Bond shall not affect the validity of such amendment.

Notation on or Exchange of Bonds. If an amendment or supplement changes the terms of a Bond, the Trustee Company may require the holder Holder to deliver it the Bond to the Trustee. The If so instructed by the Company, a Trustee may place an appropriate notation on the Bond about regarding the changed terms and return it to the holderHolder. Alternatively, if the TrusteeCompany so determines, the Issuer and the Company determine, the Issuer in exchange for the Bond will shall issue and the Trustee will shall authenticate a new Bond that reflects the changed terms. Failure to make the appropriate notation or to issue a new Bond shall not affect the validity of such amendment.