Common use of Transfer and Exchange of Bonds Clause in Contracts

Transfer and Exchange of Bonds. Upon surrender of any Bond at the principal corporate trust office of the Principal Trustee for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Bond or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Bond or part thereof), within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Bonds (as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Bond. Each such new Bond shall be payable to such Person as such holder may request and shall be substantially in the form provided in Exhibit 1. Each such new Bond shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Bond or dated the date of the surrendered Bond if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Bonds. Bonds shall not be transferred in denominations of less than $100,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Bonds, one Bond may be in a denomination of less than $100,000. Any transferee, by its acceptance of a Bond registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2.

Transfer and Exchange of Bonds. Upon surrender of any Bond at the principal corporate trust office of the Principal Trustee for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Bond Xxxx or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Bond or part thereof), within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Bonds (as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Bond. Each such new Bond shall be payable to such Person as such holder may request and shall be substantially in the form provided in Exhibit 1. Each such new Bond shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Bond or dated the date of the surrendered Bond if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Bonds. Bonds shall not be transferred in denominations of less than $100,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Bonds, one Bond may be in a denomination of less than $100,000. Any transferee, by its acceptance of a Bond registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2.

Transfer and Exchange of Bonds. Upon surrender of any Bond at the principal corporate trust office of the Principal Trustee for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Bond or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Bond or part thereof), within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Bonds of the appropriate series (as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Bond. Each such new Bond shall be payable to such Person as such holder may request and shall be substantially in the form provided in Exhibit 1. Each such new Bond shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Bond or dated the date of the surrendered Bond if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Bonds. Bonds shall not be transferred in denominations of less than $100,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Bonds, one Bond may be in a denomination of less than $100,000. Any transferee, by its acceptance of a Bond registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2.