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Common use of The New Notes Clause in Contracts

The New Notes. (a) Each new Note (herein in this Section 2.6 called a "New Note") issued pursuant to Section 2.5 in exchange for or in substitution or in lieu of an outstanding Note (herein in this Section 2.6 called an "Old Note") shall be dated the date of such Old Note. The Indenture Trustee shall mark xx each New Note (i) the date to which interest and principal have been paid on such Old Note, and (ii) all payments and prepayments of principal previously made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid or earned, as the case may be, on such New Note to the date on which interest shall have been paid or earned, as the case may be, on such Old Note, and all payments and prepayments of principal marked on such New Note, as provided in clause (ii) above, shall be deemed to have been made thereon. (b) Upon the issuance of a New Note pursuant to Section 2.5, the Issuer may require the payment of a sum to reimburse it for, or to provide it with funds for, the payment of any tax or other governmental charge connected therewith but no other charge shall be made in connection with the transfer or exchange. (c) All New Notes issued pursuant to Section 2.5 in exchange for, in substitution for or in lieu of Old Notes shall be valid obligations of the Issuer evidencing the same outstanding debt as the Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as the Old Notes.

Appears in 2 contracts

Samples: Indenture of Trust and Security Agreement (National Healthcare Corp), Indenture of Trust and Security Agreement (National Health Realty Inc)

The New Notes. (a) Each new Note (herein in this Section 2.6 2.7 called a "New Note") issued pursuant to Section 2.5 2.6(a), (b) or (d) in exchange for or in substitution or in lieu of an outstanding Note (herein in this Section 2.6 2.7 called an "Old Note") shall be dated the date of such Old Note. The Indenture Corporate Trustee shall mark xx each New Note (i1) the date to which principal and interest and principal have been paid on such Old Note, and (ii2) all payments and prepayments of principal previously made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid or earned, as the case may be, on such New Note to the date on which interest shall have been paid or earned, as the case may be, on such Old Note, and all payments and prepayments of principal marked on such New Note, as provided in clause (ii2) above, shall be deemed to have been made thereon. (b) Upon the issuance of a New Note pursuant to Section 2.52.6(a), (b) or (d), the Issuer Company may require the payment of a sum to reimburse it for, or to provide it with funds for, the payment of any tax or other governmental charge or any other charges and expenses connected therewith but no other charge shall be made which are paid or payable by the Company in connection with the transfer or exchange. (c) All New Notes issued pursuant to Section 2.5 2.6(a), (b) or (d) in exchange for, for in substitution for or in lieu of Old Notes shall be valid obligations of the Issuer Company evidencing the same outstanding debt as the Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as the Old Notes.

Appears in 1 contract

Samples: Trust Indenture (Kmart Corp)

The New Notes. (a) Each new Note (herein in this Section 2.6 2.8 called a "New Note") issued pursuant to Section 2.5 2.6(a) or (c) or Section 2.7 in exchange for or in substitution or in lieu of an outstanding Outstanding Note (herein in this Section 2.6 2.8 called an "Old Note") shall be dated the date of such Old Note and shall be of the same series as such Old Note. The Indenture Trustee shall mark xx xxxx on each New Note (i) the date to which principal and interest and principal have been paid on such Old Note, Note and (ii) all payments and prepayments of principal previously made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid or earned, as the case may be, on such New Note to the date on which interest shall have been paid or earned, as the case may be, on such Old Note, and all payments and prepayments of principal marked on such New Note, as provided in clause (ii) above, shall be deemed to have been made thereon. (b) Upon the issuance of a New Note pursuant to Section 2.52.6(a) or (c) or Section 2.7, the Issuer Lessor or the Indenture Trustee may require the payment by the Person registering such New Note of a sum to reimburse it for, or to provide it with funds for, the payment of any tax or other governmental charge connected therewith but no other charge shall be made which is paid or payable by the Lessor or the Indenture Trustee in connection with the transfer or exchange. (c) All New Notes issued pursuant to Section 2.5 2.6(a) or (c) or Section 2.7 in exchange for, for or in substitution for or in lieu of Old Notes shall be valid obligations of the Issuer Lessor evidencing the same outstanding debt as the Old Notes and shall be entitled to the benefits and security of this Indenture and the other Security Documents to the same extent as the Old Notes.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Sabre Holdings Corp)