Common use of Transfer Effective Notice Clause in Contracts

Transfer Effective Notice. Upon receipt by the Company of four (4) counterparts of this Transfer Supplement (to each of which is attached a fully completed Schedule I and Schedule II, and each of which has been executed by the Transferring Participant and by the Purchasing Participant), the Company will transmit to the Transferring Participant and the Purchasing Participant a transfer effective notice substantially in the form of Schedule III to this Transfer Supplement (a “Transfer Effective Notice”). The date on which the transfer effected by this Transfer Supplement shall become effective (the “Transfer Effective Date”), shall be the date on which the Purchasing Participant becomes the owner of record of the Transferring Participant’s Participation on the register maintained by the Company. From and after the close of business at Company’s office on the Transfer Effective Date, the Purchasing Participant shall be Participant under the Participation Agreement for all purposes thereof having the interest in the Transferring Participant’s Interests reflected in this Transfer Supplement.

Transfer Effective Notice. Upon receipt by the Company of four (4) counterparts of this Transfer Supplement (to each of which is attached a fully completed Schedule I and Schedule II, and each of which has been executed by the Transferring Participant and by the Purchasing Participant), the Company will transmit to the Transferring Participant and the Purchasing Participant a transfer effective notice substantially in the form of Schedule III to this Transfer Supplement (a “Transfer Effective Notice”). The date on which the transfer effected by this Transfer Supplement shall become effective (the “Transfer Effective Date”), ) shall be the date on which the Purchasing Participant becomes the owner of record of the Transferring Participant’s Participation on the register maintained by the Company. From and after the close of business at Company’s office on the Transfer Effective Date, the Purchasing Participant shall be the Participant under the Participation Agreement for all purposes thereof having the interest in the Transferring Participant’s Interests reflected in this Transfer Supplement.