Common use of Registered Obligation Clause in Contracts

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Company (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwistanding any document, instrument ro agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). [Balance of page intentionally left blank; signature page follows] Secured Revolving Note 5

Appears in 1 contract

Samples: Secured Revolving Note (Xstream Beverage Network, Inc.)

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Registered Obligation. This Note is intended to be a registered ---------------------- obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Company (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwistanding Notwithstanding any document, instrument ro or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). ) [Balance of page intentionally left blank; signature page follows] Secured Revolving Note 5]

Appears in 1 contract

Samples: Windswept Environmental Group Inc

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-1.871- 14(c)(1)(i) and the Company (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwistanding Notwithstanding any document, instrument ro or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). [Balance of page intentionally left blank; signature page follows] Secured Revolving Note 5]

Appears in 1 contract

Samples: Datalogic International Inc

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Company (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwistanding Notwithstanding any document, instrument ro or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). [Balance of page intentionally left blank; signature page follows] Secured Non-Convertible Revolving Note 5

Appears in 1 contract

Samples: Digital Recorders Inc

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Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Company (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwistanding Notwithstanding any document, instrument ro or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Company of this Note to the new holder or the issuance by the Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). [Balance of page intentionally left blank; signature page follows] Secured Revolving Note 5NY481065.3 20389110047 04/11/2006 :ap 7

Appears in 1 contract

Samples: Petrol Oil & Gas Inc

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