Ownership and Entitlement to Payment. The Person in whose name a Note is registered shall be deemed to be the beneficial owner thereof for all purposes of this Agreement and payment of or on account of the principal and interest on such Note shall be made only to or upon the order in writing of such Person, and each such payment shall be a good and sufficient discharge to the Corporation for the amount so paid.
Appears in 3 contracts
Samples: Settlement Agreement (Circle Star Energy Corp.), March 2012 Convertible Note Subscription Agreement (Circle Star Energy Corp.), Inter Creditor Agreement (Circle Star Energy Corp.)
Ownership and Entitlement to Payment. (a) The Person in whose name a Note is registered shall be deemed to be the beneficial owner thereof for all purposes of this Agreement Indenture and payment of or on account of the principal of and Premium and interest on such Note shall be made only to or upon the order in writing of such Person, and each such payment shall be a good discharge the Issuer, the Trustee, any Registrar and sufficient discharge to the Corporation any Paying Agent for the amount so paid.
Appears in 1 contract
Samples: Trust Indenture (Veren Inc.)
