Common use of Notation on or Exchange of Equipment Notes Clause in Contracts

Notation on or Exchange of Equipment Notes. If an amendment, supplement or waiver changes the terms of an Equipment Note, the Trustee may require the Holder to deliver such Equipment Note to the Trustee. The Trustee may place an appropriate notation on the Equipment Note indicating the changed terms and return it to the Holder, and the Trustee may place an appropriate notation on any Equipment Note thereafter authenticated. Alternatively, if the Company or the Trustee so determines, the Company in exchange for such changed Equipment Note shall issue and the Trustee shall authenticate a new Equipment Note that reflects the changed terms.

Appears in 9 contracts

Samples: Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc)

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