Common use of Transfer Agent, Registrar and Paying Agent Clause in Contracts

Transfer Agent, Registrar and Paying Agent. The duly appointed Transfer Agent Registrar and Paying Agent for the Redeemable Convertible Preferred Stock shall be The Bank of New York; provided, however, that the Company may, at its option, serve as the Transfer Agent and Registrar for the Redeemable Convertible Preferred Stock for a period of up to 10 Business Days from the Issue Date. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first class mail, postage prepaid, to the Holders.

Transfer Agent, Registrar and Paying Agent. The duly appointed Transfer Agent Agent, Registrar and Paying Agent for the Redeemable Convertible Preferred Stock shall be The Bank of New York; provided, however, that the Company may, at its option, serve as the Transfer Agent, Registrar and Paying Agent and Registrar for the Redeemable Convertible Preferred Stock for a period of up to 10 Business Days from the Issue Date. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first class mail, postage prepaid, to the Holders.