Common use of Replacement Securities Upon Transfer or Exchange Clause in Contracts

Replacement Securities Upon Transfer or Exchange. Upon surrender of any Securities by any Lender in connection with any permitted transfer or exchange, the Borrower will execute and deliver in exchange therefor a new Security or Securities of the same aggregate tenor and principal amount, payable to the order of such Persons and in such denominations as such Lender may request. The Borrower may require payment by such Lender of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer.

Appears in 3 contracts

Samples: Bridge Loan Agreement (NTL Inc /De/), Bridge Loan Agreement (Windmere Durable Holdings Inc), Bridge Loan Agreement (Pacificorp /Or/)

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Replacement Securities Upon Transfer or Exchange. Upon surrender of any Securities by any Lender in connection with any permitted transfer or exchange, the Borrower will execute and deliver in exchange therefor a new Security or Securities of the same aggregate tenor and principal amount, payable to the order of such Persons and in such denominations as such Lender may request. The Borrower may require (i) satisfactory indemnification or (ii) payment by such Lender of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer.

Appears in 2 contracts

Samples: Term Loan Agreement (Crown Castle International Corp), Term Loan Agreement (Crown Castle International Corp)

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Replacement Securities Upon Transfer or Exchange. Upon surrender of any Securities by any Lender in connection with any permitted transfer or exchangeexchange permitted by this Agreement, the Borrower will execute and deliver in exchange therefor a new Security or Securities of the same aggregate tenor and principal amount, payable to the order of such Persons and in such denominations as such Lender may request. The Borrower may require payment by such Lender of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer.

Appears in 1 contract

Samples: Bridge Loan Agreement (Pca International Inc)

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