Registrar or Conversion Agent Sample Clauses
The 'Registrar or Conversion Agent' clause designates a party responsible for maintaining records of ownership and handling the conversion of securities, such as bonds or preferred shares, into other forms like common stock. In practice, this clause outlines the duties of the registrar or agent, which may include updating ownership ledgers, processing conversion requests, and ensuring that all changes are accurately reflected in official records. Its core function is to ensure the orderly and accurate administration of security conversions, thereby reducing errors and providing clarity for both issuers and holders.
Registrar or Conversion Agent. The Company initially appoints the Trustee as Registrar, Paying Agent, Conversion Agent and agent for service of notices and demands in connection with the Securities.
Registrar or Conversion Agent. The Trust shall act as Paying Agent, Registrar, co-registrar and Conversion Agent for the Common Securities. The Trust initially appoints the Property Trustee as Registrar, Paying Agent and Conversion Agent for the Preferred Securities.
Registrar or Conversion Agent. The Company also shall maintain a Registrar, Paying Agent, Transfer Agent and Conversion Agent in Luxembourg so long as the Securities are listed on the Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange so require. The Company initially appoints the Trustee as Registrar, Transfer Agent, Conversion Agent, Paying Agent and agent for service of notices and demands in connection with the Securities in New York [and [Banque Internationale a Luxembourg S.A.,] as additional Registrar, Transfer Agent, Conversion Agent and Paying Agent in Luxembourg.]