Note Registration. The Company shall keep at its principal office a register (the “Register”) in which the Company shall enter the name and address of the registered holder of this Note. References to the “Holder” of this Note shall mean the person listed in the Register as the payee of this Note unless the payee shall have presented this Note to the Company for transfer and the transferee shall have been entered in the Register as a subsequent holder, in which case the term shall mean such subsequent holder. The registered holder of this Note may be treated as the owner of it for all purposes.
Note Registration. (a) The Bank shall serve as the Registrar for each of the Notes (the "Registrar") and as such the Bank shall keep books for the registration of each Note. The principal of and interest on a Note shall be payable only to the registered owner or his attorney or legal representative.
(b) The transfer of a Note may be registered only upon the books kept for the registration and transfer of the same upon surrender thereof to the Registrar together with an assignment duly executed by the registered owner or his attorney or legal representative and shall be in such form as shall be satisfactory to the Registrar.
(c) The person in whose name a Note shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes. Payment of or on account of the principal of and interest on said Note shall be made only to the registered owner thereof or his registered assigns. All such payments shall be valid and effectual to satisfy and discharge the liability upon said Note, including the interest thereof, to the extent of the sum or sums so paid.
Note Registration. The Borrowers shall maintain, or cause to be maintained, (i) a copy of each assignment agreement delivered to it and (ii) a registry within the meaning of US Treasury Regulation Section 5(f).103-1(c) (the “Register”), in which it will register the name and address of Lender and the name and address of each assignee of Lender under this Agreement, and the principal amount of the Loans owing to each such Lender pursuant to the terms hereof and each Assignment Agreement. The Borrowers shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary or any notation of ownership or other writing or any Note. The Register shall be available for inspection by any Lender at the Borrowers’ principal place of business, at any reasonable time and from time to time, upon reasonable prior notice.
Note Registration. The Note shall be registered (as hereinafter provided) in the name of the owner on a note register to be provided for that purpose by the Board in the office of the Lessee, as note registrar. The note registrar and the note register shall be subject to change upon written notice thereof from the Noteholder. No transfer thereof shall be valid unless made at the written request of the registered owner or his legal representative, on said note register and evidence of transfer of the Note furnished to the note registrar. Principal of, premium, if any, and interest on the Note will be paid by check to the registered owner by mail at the address shown on the note register or at such other place as may be directed by the Noteholder, which directions shall be noted in the note register. The person in whose name the Note shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of or on account of the interest on or the principal of the Note shall be made only to or upon the order of the registered owner thereof or his legal representative, but such registration may be changed as hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the liability upon the Note to the extent of the sum or sums paid.
