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

Notation on or Exchange of Investor Notes. The Indenture Trustee may place an appropriate notation about an amendment or waiver on any Investor Note thereafter authenticated. The Issuer in exchange for all Investor Notes may issue and the Indenture Trustee shall authenticate new Investor Notes that reflect the amendment or waiver. Failure to make the appropriate notation or issue a new Investor Note shall not affect the validity and effect of-such amendment or waiver.

Appears in 6 contracts

Samples: Base Indenture (PHH Corp), Indenture (PHH Corp), Base Indenture (PHH Corp)

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