Common use of Physical Securities Clause in Contracts

Physical Securities. If any Securities in a denomination greater than $1,000 shall be surrendered for partial exchange, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of the Securities so surrendered, without charge, new Securities in authorized denominations in an aggregate principal amount equal to the unexchanged portion of the surrendered Securities and having a notation of the Guarantee of the Guarantor endorsed thereon.

Appears in 4 contracts

Samples: Fourth Supplemental Indenture (PennyMac Mortgage Investment Trust), Third Supplemental Indenture (PennyMac Mortgage Investment Trust), Second Supplemental Indenture (PennyMac Mortgage Investment Trust)

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Physical Securities. If any Physical Securities in a denomination greater than $1,000 shall be surrendered for partial exchangeconversion, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of the Securities so surrendered, without charge, new Securities in authorized denominations in an aggregate principal amount equal to the unexchanged unconverted portion of the surrendered Securities and having a notation of the Guarantee of the Guarantor endorsed thereonSecurities.

Appears in 4 contracts

Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc)

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Physical Securities. If any Securities in a denomination greater than $1,000 shall be surrendered for partial exchangeconversion, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of the Securities so surrendered, without charge, new Securities in authorized denominations in an aggregate principal amount equal to the unexchanged unconverted portion of the surrendered Securities and having a notation of the Guarantee of the Guarantor endorsed thereonSecurities.

Appears in 3 contracts

Samples: First Supplemental Indenture (Mfa Financial, Inc.), First Supplemental Indenture (Granite Point Mortgage Trust Inc.), First Supplemental Indenture (Granite Point Mortgage Trust Inc.)

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