REGISTRATION OF TRANSFER AND EXCHANGE OF THE NOTES Sample Clauses

REGISTRATION OF TRANSFER AND EXCHANGE OF THE NOTES. (a) The Administrative Agent, as agent for the Issuer, shall keep, or shall cause to be kept, at the office or agency to be maintained by it in accordance with the provisions of SECTION 11.20, a register in written form or capable of being converted into written form within a reasonable time (the "NOTE REGISTER"), in which register, subject to such reasonable regulations as the Administrative Agent may prescribe, a transfer agent and registrar (which may be the Administrative Agent) (the "TRANSFER AGENT AND REGISTRAR") shall provide for the registration of the Notes and of transfers and exchanges of the Notes as herein provided. The Issuer hereby appoints the Administrative Agent as the initial Transfer Agent and Registrar. The Issuer may at any time revoke such appointment of any Person as Transfer Agent and Registrar and remove such Person as Transfer Agent and Registrar if the Issuer (as applicable) determines, in its respective sole discretion, that such Person has failed to perform its obligations as Transfer Agent and Registrar under this Indenture in any material respect. In the event of such removal, the Issuer shall appoint a successor Transfer Agent and Registrar. Until such time as such successor shall have accepted such appointment, the Administrative Agent shall act as the successor Transfer Agent and Registrar. The then-acting Transfer Agent and Registrar shall be permitted to resign as Transfer Agent and Registrar upon 30 days' prior written notice to the Trustee, the Administrative Agent, the Issuer and the Servicer; PROVIDED, HOWEVER, that such resignation shall not be effective and the then-acting Transfer Agent and Registrar shall continue to perform its duties as Transfer Agent and Registrar until the Issuer has appointed a successor Transfer Agent and Registrar and the Person so appointed has given the Administrative Agent and the Issuer written notice that it accepts the appointment. The provisions of SECTIONS 11.01 through 11.06 shall apply to the Transfer Agent and Registrar as if all references to "the Trustee" and "the Administrative Agent" in the applicable provisions of SECTIONS 11.01 through 11.06 were references to the Transfer Agent and Registrar. It is intended that the registration of Notes which is described in this SECTION 6.05(a) comply with the registration requirements contained in Section 163 of the Internal Revenue Code. (b) Subject to the requirements of the penultimate paragraph of SECTION 6.04 and any restrictions...