Common use of Transfer and Exchange of Bonds Clause in Contracts

Transfer and Exchange of Bonds. Any Bond may, in accordance with its terms, be transferred on the Registration Books by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted by the Trustee during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturity. The Trustee may require the Bond Owner requesting such transfer to pay any tax or other governmental charge required to be paid with respect to such transfer. The cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer shall be paid by the Authority. Any Bond may be exchanged at the Office of the Trustee for a like aggregate principal amount of Bonds of other authorized denominations and of like maturity. Exchange of any Bond shall not be permitted during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay any tax or other governmental charge required to be paid with respect to such exchange. The cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer shall be paid by the Authority.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on transferred, upon the Registration Books books of the Registrar required to be kept pursuant to the provisions of Section 2.04, by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted approved by the Trustee during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IVRegistrar, duly executed. Whenever any Bond or Bonds shall be surrendered for registration of transfer, the Authority shall execute and the Trustee Registrar shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturitythe same tenor of Authorized Denominations. The Trustee may require No registration of transfer of Bonds upon the Bond Owner requesting such transfer to pay any tax or other governmental charge books of the Registrar required to be paid with respect kept pursuant to such transfer. The cost the provisions of printing Bonds Section 2.04 hereof shall be required to be made during the period after any Record Date and any services rendered prior to the related Interest Payment Date or expenses incurred by during the period of fifteen (15) days next preceding the date on which the Trustee in connection with gives any notice of redemption, nor shall any registration of transfer shall of Bonds called for redemption be paid by the Authorityrequired. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations and the same tenor of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner Bondholder requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Bondholders for any such exchange. The cost No exchange of printing Bonds shall be required to be made during the period after any Record Date and any services rendered prior to the related Interest Payment Date or expenses incurred by during the period of fifteen (15) days next preceding the date on which the Trustee in connection with gives notice of redemption, nor shall any transfer shall exchange of Bonds called for redemption be paid by the Authorityrequired.

Transfer and Exchange of Bonds. (a) Any Bond may, in accordance with its terms, be transferred on upon the Registration Books by the person Person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of such Bond to the Trustee for cancellation, accompanied by delivery of a written instrument of transfer, duly executed in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted by the Trustee during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for of the same Series in a like aggregate principal amount and of like maturityamount, in any authorized denomination. The Trustee may shall require the Bond Owner requesting such transfer to pay any tax or other governmental charge required to be paid with respect to such transfer. (b) Prior to any transfer of Bonds outside the book-entry system (including, but not limited to, the initial transfer outside the book-entry system) the transferor shall provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The cost Trustee shall conclusively rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of printing such information. (c) The Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer shall be paid by the Authority. Any Bond may be exchanged at the Office of the Trustee for a like aggregate principal amount of Bonds of the same Series of other authorized denominations and of like maturity. Exchange of any Bond shall not be permitted during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IVdenominations. The Trustee may shall require the payment by the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange. . (d) The cost Trustee shall not be obligated to make any transfer or exchange of printing Bonds and any services rendered or expenses incurred of a Series pursuant to this Section during the period established by the Trustee in connection for the selection of Bonds of such Series for redemption, or with respect to any transfer shall be paid by the AuthorityBonds of such Series selected for redemption.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, at the direction of the Company, the Issuer hereby appoints the Trustee as the original Registrar. The Registrar will cause books for the registration and transfer of Bonds, as provided in this Indenture, to be maintained and kept at the designated office of the Registrar. Unless otherwise provided in the applicable Bond Legislation or Supplemental Indenture, Bonds may be exchanged, at the option of their Holder, for Bonds of the same series and of any authorized denomination or denominations in an aggregate principal amount equal to the unmatured and unredeemed principal amount of, and bearing interest at the same rate and maturing on the same date or dates as, the Bonds being exchanged. The exchange shall be made upon presentation and surrender of the Bonds being exchanged at the designated office of the Registrar for that series of Bonds, together with an assignment duly executed by the Holder or its duly authorized attorney in any form which shall be satisfactory to the Registrar. Any Bond may, in accordance with its terms, may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar for the series thereof, together with and subject to the following conditions: (1) in the case of all Bonds, an assignment duly executed by the Holder or its duly authorized attorney in any form which shall be satisfactory to the Registrar and (2) in the case of any subsequent transfer of the Series 2006 Bonds, the Transferee must be a Qualified Investor. The restrictions on transfer of the Bonds included in the form of the Bonds shall not be applicable after receipt by the Trustee of (a) proof of at least an investment grade rating on the Registration Books by Bonds from a Rating Agency and (b) written approval of the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender Issuer to the deletion of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed in a form acceptable to the Trusteerestrictions. Transfer Upon any permitted transfer of any Bond shall not be permitted by and on request of the Trustee during the period established by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transferRegistrar, the Authority Issuer shall execute (but need not prepare) in the name of the transferee, and the Trustee Registrar shall authenticate and shall deliver deliver, a new Bond or Bonds for a like of the same series, of any authorized denomination or denominations in an aggregate principal amount equal to the unmatured and unredeemed principal amount of, and bearing interest at the same rate and maturing on the same date or dates as, the Bonds presented and surrendered for transfer. In all cases in which Bonds shall be exchanged or transferred hereunder, the Issuer shall execute (but need not prepare), and the Registrar shall authenticate and deliver, Bonds in accordance with the provisions of like maturitythis Indenture. The Trustee exchange or transfer shall be made without charge; provided, that the Issuer and the Registrar may require the Bond Owner requesting such make a charge for every exchange or transfer of Bonds sufficient to pay reimburse them for any reasonable expenses incurred and any tax or other governmental charge excise required to be paid with respect to such the exchange or transfer. The cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer charge shall be paid by before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the Authorityvalid special limited obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchange. Any Neither the Issuer nor the Registrar shall be required to make any exchange or transfer of a Bond may be exchanged during a period beginning at the Office opening of business 15 days before the day of the Trustee mailing of a notice of redemption of Bonds and ending at the close of business on the day of such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part within 90 days following such mailing. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the Issuer, subject to the provisions of Section 3.09 hereof, shall cause execution of, and the Registrar for the series of that Bond shall authenticate and deliver, a like new Bond or Bonds of the same series in authorized denominations in an aggregate principal amount equal to the unmatured and unredeemed portion of, and bearing interest at the same rate and maturing on the same date or dates as, the Bond redeemed in part. For purposes of this Section the Trustee shall establish the designated office of the Registrar. At the request and expense of the Company, the Registrar shall provide to the Company a list of Holders, their addresses and the principal amount of each Series of Bonds of other authorized denominations and of like maturity. Exchange of any Bond shall not be permitted during the period established owned by the Trustee for selection of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay any tax or other governmental charge required to be paid with respect to such exchange. The cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer shall be paid by the Authorityeach Holder.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted approved by the Trustee during Registrar, duly executed. The Registrar shall require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturity. The Trustee may require the Bond Owner requesting such transfer to pay of any tax or other governmental charge required to be paid with respect and there shall be no other charge to any Owners for any such transfer. The cost Whenever any Bond shall be surrendered for registration of printing transfer, the Issuer shall execute and the Registrar shall authenticate and deliver a new Bond or Bonds of the same tenor and of Authorized Denominations. No registration of transfer of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee sends by Mail any services rendered notice of redemption, nor shall any registration of transfer of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. In the event any Owner fails to provide a correct taxpayer identification number to the Trustee, the Trustee may make a charge, or expenses incurred other security, against the Owner sufficient to pay any government charge required to be paid as a result of such failure. In compliance with Section 3406 of the Code, this amount may be deducted by the Trustee in connection with any transfer shall be paid by from amounts payable to the AuthorityOwner under this Indenture or the Bonds. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. No exchange of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. The cost of printing Bonds Issuer, the Registrar, the Trustee and any services rendered agent of the Issuer, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Issuer, the Registrar, the Trustee, nor any transfer such agent shall be paid affected by notice to the Authoritycontrary.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted approved by the Trustee during Registrar, duly executed. The Registrar shall require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturity. The Trustee may require the Bond Owner requesting such transfer to pay of any tax or other governmental charge required to be paid and there shall be no other charge to any Owners for any such transfer. Whenever any Bond shall be surrendered for registration of transfer, the Issuer shall execute and the Registrar shall authenticate and deliver a new Bond or Bonds of the same tenor and of Authorized Denominations. Except with respect to such transfer. The cost Bonds purchased pursuant to Sections 3.01 and 3.02 hereof, no registration of printing transfer of Bonds and any services rendered or expenses incurred by shall be required to be made for a period of fifteen (15) days next preceding the date on which the Trustee in connection with Mails any notice of redemption, nor shall any registration of transfer shall of Bonds called for redemption be paid by the Authorityrequired. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. Except with respect to Bonds purchased pursuant to Section 3.01 and Section 3.02 hereof, no exchange of Bonds shall be required to be made for a period of fifteen (15) days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required. The cost of printing Bonds Issuer, the Registrar, the Trustee and any services rendered agent of the Issuer, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Issuer, the Registrar, the Trustee, any transfer paying agent nor any such agent shall be paid affected by notice to the Authoritycontrary.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to approved by the TrusteeRegistrar, duly executed. Transfer The Registrar shall require the payment by the Owner of the Bond requesting such transfer of any Bond tax or other -25- Forsyth Series 1998B Trust Indenture governmental charge required to be paid and there shall not be permitted by the Trustee during the period established by the Trustee no other charge to any Owners for selection of Bonds for redemption or if any such Bond has been selected for redemption pursuant to Article IVtransfer. Whenever any Bond or Bonds shall be surrendered for registration of transfer, the Authority Issuer shall execute and the Trustee Registrar shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount of the same tenor and of like maturityAuthorized Denominations. The Trustee may require the Bond Owner requesting such Except with respect to Bonds purchased pursuant to Sections 3.01 and 3.02 hereof, no registration of transfer to pay any tax or other governmental charge of Bonds shall be required to be paid with respect to such transfer. The cost made for a period of printing Bonds and any services rendered or expenses incurred by fifteen (15) days next preceding the date on which the Trustee in connection with Mails any notice of redemption, nor shall any registration of transfer shall of Bonds called for redemption be paid by the Authorityrequired. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. Except with respect to Bonds purchased pursuant to Section 3.01 and Section 3.02 hereof, no exchange of Bonds shall be required to be made for a period of fifteen (15) days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required. The cost of printing Bonds Issuer, the Registrar, the Trustee and any services rendered agent of the Issuer, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Issuer, the Registrar, the Trustee, any transfer paying agent nor any such agent shall be paid affected by notice to the Authoritycontrary.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted approved by the Trustee during Registrar, duly executed. The Registrar shall require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturity. The Trustee may require the Bond Owner requesting such transfer to pay of any tax or other governmental charge required to be paid with respect and there shall be no other charge to any Owners for any such transfer. The cost Whenever any Bond shall be surrendered for registration of printing transfer, the Issuer shall execute and the Registrar shall authenticate and deliver a new Bond or Bonds of the same tenor and of Authorized Denominations. No registration of transfer of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee sends by Mail any services rendered or expenses incurred notice of redemption, nor shall any registration of transfer of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. In the event any Owner fails to provide a correct taxpayer identification number to the Trustee, the Trustee may make a charge against the Owner sufficient to pay any government charge required to be paid as a result of such failure. In compliance with Section 3406 of the Code, this amount may be deducted by the Trustee in connection with any transfer shall be paid by from amounts payable to the AuthorityOwner under this Indenture or the Bonds. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. No exchange of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. The cost of printing Bonds Issuer, the Registrar, the Trustee and any services rendered agent of the Issuer, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Issuer, the Registrar, the Trustee, nor any transfer such agent shall be paid affected by notice to the Authoritycontrary.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to the Trustee. Transfer of any Bond shall not be permitted approved by the Trustee during Registrar, duly executed. The Registrar shall require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. Whenever any Bond or Bonds shall be surrendered for transfer, the Authority shall execute and the Trustee shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount and of like maturity. The Trustee may require the Bond Owner requesting such transfer to pay of any tax or other governmental charge required to be paid with respect and there shall be no other charge to any Owners for any such transfer. The cost Whenever any Bond shall be surrendered for registration of printing transfer, the Authority shall execute and the Registrar shall authenticate and deliver a new Bond or Bonds of the same tenor and of Authorized Denominations. No registration of transfer of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee sends by Mail any services rendered notice of redemption, nor shall any registration of transfer of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. In the event any Owner fails to provide a correct taxpayer identification number to the Trustee, the Trustee may make a charge, or expenses incurred other security, against the Owner sufficient to pay any government charge required to be paid as a result of such failure. In compliance with Section 3406 of the Code, this amount may be deducted by the Trustee in connection with any transfer shall be paid by from amounts payable to the AuthorityOwner under this Indenture or the Bonds. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. No exchange of Bonds shall be required to be made for a period of 15 days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required, except the unredeemed portion of any Bond being redeemed in part. The cost of printing Bonds Authority, the Registrar, the Trustee and any services rendered agent of the Authority, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Authority, the Registrar, the Trustee, nor any transfer such agent shall be paid affected by notice to the Authoritycontrary.

Transfer and Exchange of Bonds. Any Registration of any Bond may, in accordance with its termsthe terms of this Indenture, be transferred on at the Registration Books Principal Office of the Registrar, upon the books of the Registrar required to be kept pursuant to the provisions of Section 2.06 hereof, by the person Person in whose name it is registered, in person or by his its attorney duly authorized attorneyin writing, upon surrender of such Bond for cancellation, accompanied by delivery of a written instrument of transfer, duly executed transfer in a form acceptable to approved by the TrusteeRegistrar, duly executed. Transfer The Registrar shall require the payment by the Owner of the Bond requesting such transfer of any Bond tax or other -25- Port of Xxxxxx Series 1998A Trust Indenture governmental charge required to be paid and there shall not be permitted by the Trustee during the period established by the Trustee no other charge to any Owners for selection of Bonds for redemption or if any such Bond has been selected for redemption pursuant to Article IVtransfer. Whenever any Bond or Bonds shall be surrendered for registration of transfer, the Authority Issuer shall execute and the Trustee Registrar shall authenticate and shall deliver a new Bond or Bonds for a like aggregate principal amount of the same tenor and of like maturityAuthorized Denominations. The Trustee may require the Bond Owner requesting such Except with respect to Bonds purchased pursuant to Sections 3.01 and 3.02 hereof, no registration of transfer to pay any tax or other governmental charge of Bonds shall be required to be paid with respect to such transfer. The cost made for a period of printing Bonds and any services rendered or expenses incurred by fifteen (15) days next preceding the date on which the Trustee in connection with Mails any notice of redemption, nor shall any registration of transfer shall of Bonds called for redemption be paid by the Authorityrequired. Any Bond Bonds may be exchanged at the Principal Office of the Trustee Registrar for a like aggregate principal amount of Bonds of other authorized denominations the same tenor and of like maturityAuthorized Denominations. Exchange of any Bond The Registrar shall not be permitted during require the period established payment by the Trustee for selection Owner of Bonds for redemption or if such Bond has been selected for redemption pursuant to Article IV. The Trustee may require the Bond Owner requesting such exchange to pay of any tax or other governmental charge required to be paid with respect to such exchange, and there shall be no other charge to any Owners for any such exchange. Except with respect to Bonds purchased pursuant to Section 3.01 and Section 3.02 hereof, no exchange of Bonds shall be required to be made for a period of fifteen (15) days next preceding the date on which the Trustee Mails notice of redemption, nor shall any exchange of Bonds called for redemption be required. The cost of printing Bonds Issuer, the Registrar, the Trustee and any services rendered agent of the Issuer, the Registrar or expenses incurred by the Trustee may treat the person in connection with whose name the Bond is registered as the owner thereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not the Bond be overdue, and neither the Issuer, the Registrar, the Trustee, any transfer paying agent nor any such agent shall be paid affected by notice to the Authoritycontrary.