Common use of Ownership of Notes Clause in Contracts

Ownership of Notes. (a) The Holder for the time being of any Note shall be entitled to the principal, premium, if any, and/or interest evidenced by such Note, free from all equities or rights of set-off or counterclaim between the Issuer and the original or any intermediate Holder thereof (except in respect of equities of which the Issuer is required to take notice by law) and all Persons may act accordingly and the receipt of any such Holder for any such principal, premium, if any, or interest shall be a valid discharge to the Trustee, any Registrar and to the Issuer for the same and none shall be bound to inquire into the title of any such Holder.

Ownership of Notes. (a) The Holder for the time being of any registered Note shall be entitled to the principalprincipal of, interest and premium, if any, and/or interest evidenced by on such Note, free from all equities or rights of compensation, set-off or counterclaim between the Issuer and the original or any intermediate Holder thereof (except in respect of equities of which the Issuer is required to take notice by law) and all Persons may act accordingly and the receipt of any such Holder for any such principal, interest and premium, if any, or interest shall be a valid good discharge to the TrusteeTrustees, any Registrar and to the Issuer for the same and none shall be bound to inquire into the title of any such Holder.

Ownership of Notes. (a) The Holder for the time being of any Note shall be entitled to the principal, premiumPremium, if any, and/or interest evidenced by such Note, free from all equities or rights of set-off or counterclaim between the Issuer and the original or any intermediate Holder thereof (except in respect of equities of which the Issuer is required to take notice by law) and all Persons may act accordingly and the receipt of any such Holder for any such principal, premiumPremium, if any, or interest shall be a valid discharge to the Trustee, any Registrar and to the Issuer for the same and none shall be bound to inquire into the title of any such Holder.

Ownership of Notes. (a) The Holder for the time being of any Note shall be entitled to the principal, premiumApplicable Premium, if any, and/or interest evidenced by such Noteinstruments, respectively, free from all equities or rights of set-off or counterclaim between the Issuer and the original or any intermediate Holder thereof (except in respect of equities of which the Issuer is required to take notice by law) and all Persons may act accordingly and the receipt of any such Holder for any such principal, premiumApplicable Premium, if any, or interest shall be a valid good discharge to the Trustee, any Registrar and to the Issuer for the same and none shall be bound to inquire into the title of any such Holder.