Common use of Purchase and transfer of Bonds Clause in Contracts

Purchase and transfer of Bonds. 5.1 Subject to the restrictions set forth in this Clause 5, the Bonds are freely transferable and may be pledged. 5.2 Bondholders may be subject to purchase or transfer restrictions with regard to the Bonds, as applicable from time to time under local laws to which a Bondholder may be subject (due e.g. to its nationality, its residency, its registered address, its place(s) for doing business). Each Bondholder must ensure compliance with local laws and regulations applicable at its own cost and expense. 5.3 Notwithstanding the above, a Bondholder which has purchased the Bonds in contradiction to mandatory restrictions applicable may nevertheless utilise its rights (including, but not limited to, its voting rights) under this Bond Agreement.