Common use of Transfer and Exchange of Bonds Clause in Contracts

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State 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. Except as provided with respect to the Bonds in book entry form pursuant to this Indenture, and unless otherwise provided in the applicable 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 or at the designated office of any Authenticating Agent for that series of Bonds, together with a written request therefor duly signed by the Holder or its duly authorized attorney in any form that shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Except as provided with respect to the Bonds in book entry form pursuant to this Indenture, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar or the designated office of any Authenticating Agent for the series thereof, together with an assignment duly signed by the Holder or its duly authorized attorney in any form that shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the Registrar or the Authenticating Agent, the State shall execute, and the Registrar or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new Bond or Bonds of the same series in the name of the transferee, 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 State shall execute, and the Registrar or any Authenticating Agent, as the case may be, shall authenticate and deliver, Bonds in accordance with the provisions of this Indenture. The exchange or transfer shall be made without charge to the Holders; provided that the State and the Registrar or the Authenticating Agent, as the case may be, may make a charge for every exchange or transfer of Bonds that is sufficient in amount to reimburse them for any tax or excise required to be paid with respect to the exchange or transfer. Those charges shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the State, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchange. Neither the State, the Registrar nor any Authenticating Agent, as the case may be, shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds and ending at the close of business on the day of the mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond shall authenticate and deliver, a 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, with or without a new CUSIP number, if required. The designated office of the Registrar and Authenticating Agent for purposes of this Section shall be established by the Trustee.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State Issuer 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. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, and 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 in denominations of any Authorized Denomination or Denominations $100,000 and integral multiples of $5,000 in an aggregate principal amount equal to the unmatured and unredeemed principal amount ofexcess thereof, 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 or at the designated office of any Authenticating Agent for that series of Bonds, together with a written request therefor an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar or the designated office of any Authenticating Agent for the series thereof, thereof together with an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the Registrar or the Authenticating Agent, the State Issuer shall executeexecute in the name of the transferee, and the Registrar or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new Bond or Bonds of the same series series, in the name denominations of the transferee, $100,000 and integral multiples of any Authorized Denomination or Denominations $5,000 in excess thereof 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 State shall execute, and the Registrar or any Authenticating Agent, as the case may be, shall authenticate and deliver, deliver Bonds in accordance with the provisions of this Indenture. The exchange or transfer shall be made without charge to the Holderscharge; provided that the State Issuer and the Registrar or the Authenticating Agent, as the case may be, may make a charge for every exchange or transfer of Bonds that is sufficient in amount to reimburse them for any tax or excise required to be paid with respect to the exchange or transfer. Those charges The charge shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the StateIssuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchange. Neither None of the StateIssuer, the Registrar nor or any Authenticating Agent, as the case may be, shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds of such series and ending at the close of business on the day of the such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part; PROVIDED, HOWEVER, the foregoing provisions shall not preclude an exchange or transfer of a Bond in the case of an optional or mandatory tender under Sections 2.04, 2.05 or 2.06 hereof. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, Issuer shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond shall authenticate and deliver, a new Bond or Bonds of the same series in Authorized Denominations denominations of $100,000 and integral multiples of $5,000 in excess thereof 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. Notwithstanding the foregoing, with or without a new CUSIP numberhowever, if required. The designated office a Depository is the sole Bondholder, a notation of partial redemption of Bonds shall be made by the Depository on the Bond certificates partially redeemed in such manner as is mutually agreed upon by the Registrar and Authenticating Agent for purposes of this Section shall be established by the TrusteeDepository.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State Issuer 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. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, and unless otherwise provided in the applicable Bond Ordinance or Supplemental Indenture, Bonds may be exchanged, at the option of their Holder, for Bonds of the same series and of any Authorized Denomination authorized denomination or Denominations 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 or at the designated office of any Authenticating Agent for that series of Bonds, together with a written request therefor an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar or the designated office of any Authenticating Agent for the series thereof, thereof together with an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the Registrar or the Authenticating Agent, the State Issuer shall executeexecute in the name of the transferee, and the Registrar or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new Bond or Bonds of the same series in the name of the transfereeseries, of any Authorized Denomination authorized denomination or Denominations 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. The date of such transfer to be recorded upon the Register shall be the date of authentication of the new Bond or Bonds. In all cases in which Bonds shall be exchanged or transferred hereunder, the State shall execute, and the Registrar or any Authenticating Agent, as the case may be, shall authenticate and deliver, deliver Bonds in accordance with the provisions of this Indenture. The exchange or transfer shall be made without charge to the Holderscharge; provided that the State Issuer and the Registrar or the Authenticating Agent, as the case may be, may make a charge for every exchange or transfer of Bonds that is sufficient in amount to reimburse them for any tax or excise required to be paid with respect to the exchange or transfer. Those charges The charge shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the StateIssuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchange. Neither None of the StateIssuer, the Registrar nor or any Authenticating Agent, as the case may be, shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds of such series and ending at the close of business on the day of the such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part; PROVIDED, HOWEVER, the foregoing provisions shall not preclude an exchange or transfer of a Bond in the case of an optional or mandatory tender under Sections 2.04, 2.05, 2.06 or 2.07 hereof. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, Issuer shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond shall authenticate and deliver, a new Bond or Bonds of the same series in Authorized Denominations 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. Notwithstanding the foregoing, with or without a new CUSIP numberhowever, if requireda Depository is the sole Bondholder, delivery of a notation of partial redemption of Bonds shall be made in such manner as is mutually agreed upon by the Trustee and the Depository. The For purposes of this Section the Trustee shall establish the designated office of the Registrar and the Authenticating Agent. Such office shall be that of the Trustee so long as the Trustee is the sole Registrar and Authenticating Agent for hereunder. For purposes of this Section Indenture, and so long as Bank One Trust Company, NA shall be established by the Trustee, all references to the place or location for tendering Bonds pursuant to the provisions of Sections 2.04, 2.05, 2.06, 2.07 or 3.05, shall be deemed to mean the principal corporate trust processing facility of the Trustee located in Columbus, Ohio.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State Issuer 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. Except as provided with respect Any Bond shall be transferable, subject to any restrictions on transferability therein contained, only upon the books of the Registrar by the Holder thereof in person or by his duly authorized attorney, upon surrender thereof to the Bonds in book entry form pursuant Registrar with a written instrument of transfer satisfactory to this Indenturethe Registrar duly executed by the Holder or his duly authorized attorney. Upon the registration of transfer, and unless otherwise provided the Issuer shall issue in the applicable Supplemental Indenture, name of the transferee one or more new Bonds of the same Series and aggregate principal amount as the surrendered Bond. 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 or at the designated office of any Authenticating Agent for that series of BondsAgent, together with a written request therefor an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Except as provided with respect to the Bonds in book entry form pursuant to this Indenture, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar or the designated office of any Authenticating Agent for the series thereof, together with an assignment duly signed by the Holder or its duly authorized attorney in any form that shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the Registrar or the Authenticating Agent, the State shall execute, and the Registrar or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new Bond or Bonds of the same series in the name of the transferee, 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 the privilege of exchanging or transferring Bonds shall be exchanged or transferred hereunderis exercised, the State Issuer shall execute, execute and the Registrar or any other Authenticating Agent, as the case may be, Agent shall authenticate and deliver, deliver new Bonds in accordance with the provisions of this Indenturehereof. The exchange new Bonds shall be issued upon the surrender of the old Bonds, in such manner that no gain or loss of interest results from said transfer or exchange. No charge shall be made without charge to any Holder for the Holders; provided that the State and the Registrar privilege of transfer or the Authenticating Agentexchange hereinabove granted, as the case may be, may make a charge for every but any Holder requesting any such transfer or exchange or transfer of Bonds that is sufficient in amount to reimburse them for shall pay any tax or excise other governmental charge required to be paid with respect to the exchange or transfer. Those charges shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the State, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchangethereto. Neither the StateIssuer, the Registrar nor any Authenticating Agent, as the case may be, shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds and ending at the close of business on the day of the such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond shall authenticate and deliver, a 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, with or without a new CUSIP number, if required. The designated office of the Registrar and Authenticating Agent for purposes of this Section shall be established by the Trustee.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State Issuer will cause books for the registration and transfer of Bonds, as provided in this Indenture, to be maintained and kept at the designated office Operations Office of the RegistrarTrustee. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, and unless otherwise provided in the applicable Bond Ordinance or Supplemental Indenture, Bonds may be exchanged, at the option of their Holder, for Bonds of the same series and of any Authorized Denomination authorized denomination or Denominations 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 Operations Office of the Registrar or at the designated office of any Authenticating Agent for that series of BondsTrustee, together with a written request therefor an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may beTrustee. Except as provided with respect Subject to the Bonds in book entry form pursuant to this Indentureprovisions of Section 2.02 hereof, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office Operations Office of the Registrar or the designated office of any Authenticating Agent for the series thereof, Trustee together with an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may beTrustee. Upon transfer of any Bond and on request of the Registrar or the Authenticating AgentTrustee, the State Issuer shall executeexecute in the name of the transferee, and the Registrar or the Authenticating Agent, as the case may be, Trustee shall authenticate and deliver, a new Bond or Bonds of the same series in the name of the transfereeseries, of any Authorized Denomination authorized denomination or Denominations 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 State shall execute, and the Registrar or any Authenticating Agent, as the case may be, Trustee shall authenticate and deliver, deliver Bonds in accordance with the provisions of this Indenture. The exchange or transfer shall be made without charge to the Holderscharge; provided that the State Issuer and the Registrar or the Authenticating Agent, as the case may be, Trustee may make a charge for every exchange or transfer of Bonds that is sufficient in amount to reimburse them for any tax or excise required to be paid with respect to the exchange or transfer. Those charges The charge shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the StateIssuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchange. Neither the State, Issuer nor the Registrar nor any Authenticating Agent, as the case may be, Trustee shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds of such series and ending at the close of business on the day of the such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part; provided, however, the foregoing provisions shall not preclude an exchange or transfer of a Bond in the case of an optional or mandatory tender under Sections 2.04, 2.05, 2.06 or 2.07 hereof. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, Issuer shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond Trustee shall authenticate and deliver, a new Bond or Bonds of the same series in Authorized Denominations 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. Notwithstanding the foregoing, with or without a new CUSIP numberhowever, if required. The designated office a Depository is the sole Bondholder, delivery of the Registrar and Authenticating Agent for purposes a notation of this Section partial redemption of Bonds shall be established made in such manner as is mutually agreed upon by the TrusteeTrustee and the Depository.

Transfer and Exchange of Bonds. So long as any of the Bonds remain outstanding, the State Issuer 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. Except as provided with respect Any Bond shall be transferable, subject to any restrictions on transferability therein contained, only upon the books of the Registrar by the Holder thereof in person or by his duly authorized attorney, upon surrender thereof to the Bonds in book entry form pursuant Registrar with a written instrument of transfer satisfactory to this Indenturethe Registrar duly executed by the Holder or his duly authorized attorney. Upon the registration of transfer, and unless otherwise provided the Issuer shall issue in the applicable Supplemental Indenture, name of the transferee one or more new Bonds of the same aggregate principal amount as the surrendered Bond. Bonds may be exchanged, at the option of their Holder, for Bonds of the same series and of any Authorized Denomination or Denominations authorized denomination 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 or at the designated office of any Authenticating Agent for that series of BondsAgent, together with a written request therefor an assignment duly signed executed by the Holder or its duly authorized attorney in any form that which shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Except as provided with respect to the Bonds in book entry form pursuant to this Indenture, any Bond may be transferred upon the Register, upon presentation and surrender thereof at the designated office of the Registrar or the designated office of any Authenticating Agent for the series thereof, together with an assignment duly signed by the Holder or its duly authorized attorney in any form that shall be satisfactory to the Registrar or the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the Registrar or the Authenticating Agent, the State shall execute, and the Registrar or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new Bond or Bonds of the same series in the name of the transferee, 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 the privilege of exchanging or transferring Bonds shall be exchanged or transferred hereunderis exercised, the State Issuer shall execute, execute and the Registrar or any other Authenticating Agent, as the case may be, Agent shall authenticate and deliver, deliver new Bonds in accordance with the provisions of this Indenturehereof. The exchange new Bonds shall be issued upon the surrender of the old Bonds, together with any appropriate due-bill check so that no gain or loss of interest results from said transfer or exchange. No charge shall be made without charge to any Holder for the Holders; provided that the State and the Registrar privilege of transfer or the Authenticating Agentexchange hereinabove granted, as the case may be, may make a charge for every but any Holder requesting any such transfer or exchange or transfer of Bonds that is sufficient in amount to reimburse them for shall pay any tax or excise other governmental charge required to be paid with respect to the exchange or transfer. Those charges shall be paid before a new Bond is delivered. All Bonds issued upon any transfer or exchange of Bonds shall be the valid special obligations of the State, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon transfer or exchangethereto. Neither the StateIssuer, the Registrar nor any Authenticating Agent, as the case may be, shall be required to make any exchange or transfer of a Bond during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Bonds and ending at the close of business on the day of the such mailing or to transfer or exchange any Bonds selected for redemption, in whole or in part. In case any Bond is redeemed in part only, on or after the redemption date and upon presentation and surrender of the Bond, the State, subject to the provisions of Section 3.09 hereof, shall cause the execution of, and the Registrar or any Authenticating Agent for the series of that Bond shall authenticate and deliver, a 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, with or without a new CUSIP number, if required. The designated office of the Registrar and Authenticating Agent for purposes of this Section shall be established by the Trustee.