Common use of Persons Entitled to Payment Clause in Contracts

Persons Entitled to Payment. (a) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary. (b) Delivery of a Debenture to the Trustee by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation of all obligations evidenced by such Debenture. None of the Corporation, the Trustee or any other Person shall be bound to inquire into the title of any such Holder. (c) In the case of the death of one or more joint registered Holders of a Debenture, the principal of, and premium, if any, interest and any other amounts on such Debenture may be paid to the survivor or survivors of such registered Holders whose receipt of such payment, accompanied by the delivery of such Debenture, shall constitute a valid discharge to the Corporation and the Trustee.

Persons Entitled to Payment. (a1) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary. (b2) Delivery of a Debenture to the Trustee by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation of all obligations evidenced by such Debenture. None of the Corporation, the Trustee or any other Person shall be bound to inquire into the title of any such Holder. (c3) In the case of the death of one or more joint registered Holders of a Debenture, the principal of, and premium, if any, interest and any other amounts on such Debenture may be paid to the survivor or survivors of such registered Holders whose receipt of such payment, accompanied by the delivery of such Debenture, shall constitute a valid discharge to the Corporation and the Trustee.

Persons Entitled to Payment. (a) Prior to due presentment The holder for registration of transfer the time being of any Debenture shall be entitled to the Principal Sum and Interest evidenced by such Debenture, free from all equities or rights of set-off or counterclaim between the CorporationCorporation and the original or any intermediate holder thereof and all Persons may act accordingly and a transferee of a Debenture shall, after an appropriate form of Transfer is lodged with the Trustee and upon compliance with all other conditions required by this Trust Indenture or by any other Personconditions contained in such Debenture or by Applicable Law, be entitled to be entered on the Register as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture free from all equities or rights of set-off or counterclaim between the Corporation and the transferor or any previous holder thereof, save with respect to equities of which such Debentureholder is required to take notice by statute or by order of a court of competent jurisdiction. The Corporation and the Trustee shall deem and treat the registered holder of any Debenture as the absolute owner thereof for all purposes including receiving payment and the Corporation and the Trustee shall not be affected by any notice or knowledge to the contrary, save as ordered by a court of competent jurisdiction or as required by Applicable Law. Nothing contained in this Section 2.7 shall limit or restrict the entitlement of the principal ofCorporation to make payments of Interest, and any premiumin accordance with Section 2.1 as applicable, if any, interest or other amount to such Person as is the Debentureholder on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders a Record Date with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, Interest payable on the Trustee or any other Person, as the case may be, shall be affected by notice to the contraryInterest Payment Date relating thereto. (b) Delivery of a Debenture to the Trustee by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation of all obligations evidenced by such Debenture. None of the Corporation, the Trustee or any other Person shall be bound to inquire into the title of any such Holder. (c) In the case of the death of one or more joint registered Holders of a DebentureDebentureholders, the principal of, Principal Sum and premium, if any, interest and Interest on any other amounts on such Debenture Debentures so held may be paid to the survivor or survivors of such registered Holders Debentureholders whose receipt of such payment, accompanied by the delivery of such Debenture, thereof shall irrevocably and unconditionally constitute a valid discharge to the Corporation Trustee and the TrusteeCorporation of the Obligations thereunder.

Persons Entitled to Payment. (a) 2.9.1 Prior to due presentment for registration of transfer of any Debenture, the CorporationCompany, the Trustee Indenture Trustee, the Registrar, the Paying Agent, the Transfer Agent and any other Person, as the case may be, may treat the Person Person, as the case may be, in whose name any Debenture is registered in the applicable register (including in the case of a Global Debenture, the Depository or the nominee of such Depository in whose name such Global Debenture is registered) as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the CorporationCompany, the Trustee Indenture Trustee, the Registrar, the Paying Agent, the Transfer Agent or any other Person, as the case may be, shall be affected by notice to the contrary. (b) 2.9.2 Delivery of a Debenture to the Trustee Indenture Trustee, the Registrar or the Paying Agent by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation Company of all obligations evidenced by such Debenture. None of the CorporationCompany, the Trustee Indenture Trustee, the Registrar, the Paying Agent or any other Person shall be bound to inquire into the title of any such Holder. (c) 2.9.3 In the case of the death of one or more joint registered Holders of a Debenture, the principal of, and premium, if any, interest and any other amounts on such Debenture may be paid to the survivor or survivors of such registered Holders whose receipt of such payment, accompanied by the delivery of such Debenture, shall constitute a valid discharge to the Corporation Company, the Indenture Trustee, the Registrar, and the TrusteePaying Agent.

Persons Entitled to Payment. ‌ (a1) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary. (b2) Delivery of a Debenture to the Trustee by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation of all obligations evidenced by such Debenture. None of the Corporation, the Trustee or any other Person shall be bound to inquire into the title of any such Holder. (c3) In the case of the death of one or more joint registered Holders of a Debenture, the principal of, and premium, if any, interest and any other amounts on such Debenture may be paid to the survivor or survivors of such registered Holders whose receipt of such payment, accompanied by the delivery of such Debenture, shall constitute a valid discharge to the Corporation and the Trustee.

Persons Entitled to Payment. ‌ (a) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary. (b) Delivery of a Debenture to the Trustee by or on behalf of the Holder thereof shall, upon payment of such Debenture, be a valid discharge to the Corporation of all obligations evidenced by such Debenture. None of the Corporation, the Trustee or any other Person shall be bound to inquire into the title of any such Holder. (c) In the case of the death of one or more joint registered Holders of a Debenture, the principal of, and premium, if any, interest and any other amounts on such Debenture may be paid to the survivor or survivors of such registered Holders whose receipt of such payment, accompanied by the delivery of such Debenture, shall constitute a valid discharge to the Corporation and the Trustee.