Common use of Transfer and Exchange of Bonds Clause in Contracts

Transfer and Exchange of Bonds. Any Bond of a maturity may, in accordance with its terms, be transferred, in whole but not in part, upon the Registration Books by the Person in whose name it is registered, in person or by such Person’s 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 Paying Agent. Whenever any Bond shall be surrendered for transfer, the County shall execute and the Paying Agent shall authenticate and shall deliver a new Bond of the same subseries and maturity in a like Principal Amount. The Paying Agent shall require the Owner requesting such transfer to pay any tax or other governmental charge required to be paid with respect to such transfer. The Bonds may be exchanged at the Office of the Paying Agent for a like Principal Amount of the same subseries and maturity of other Authorized Denominations. The Paying Agent shall require the payment by the Owner requesting such exchange of any tax or other governmental charge required to be paid with respect to such exchange. The Paying Agent shall not be obligated to make any transfer or exchange of Bonds pursuant to this Section during the period established by the Paying Agent for the selection of Bonds for redemption, or with respect to any Bonds selected for redemption.

Transfer and Exchange of Bonds. Any Bond of a maturity may, in accordance with its terms, be transferred, in whole but not in part, transferred upon the Registration Books by the Person in whose name it is registered, in person or by such Person’s 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 Paying AgentTrustee. Whenever any Bond or Bonds shall be surrendered for transfer, the County shall execute and the Paying Agent Trustee shall authenticate and shall deliver a new Bond of the same subseries and maturity in or Bonds for a like Principal Amountaggregate principal amount, in any authorized denomination. The Paying Agent Trustee 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. The Bonds may be exchanged at the Office of the Paying Agent Trustee for a like Principal Amount aggregate principal amount of the same subseries and maturity Bonds of other Authorized Denominationsauthorized denominations. The Paying Agent Trustee shall require the payment by the Bond Owner requesting such exchange of any tax or other governmental charge required to be paid with respect to such exchange. The Paying Agent Trustee shall not be obligated to make any transfer or exchange of Bonds pursuant to this Section 2.03 during the period established by the Paying Agent Trustee for the selection of Bonds for redemption, or with respect to any Bonds selected for redemption.