Common use of Transfer, Exchange and Replacement of Notes Clause in Contracts

Transfer, Exchange and Replacement of Notes. (a) ------------------------------------------- Secured Notes may be transferred only on the Note Register. Any Secured Note may be transferred on the Note Register if such Secured Note is surrendered for cancellation at the corporate trust office of the Indenture Trustee and is accompanied by an instrument of transfer in form and substance reasonably satisfactory to the Indenture Trustee, which Secured Note or Secured Notes shall be cancelled by the Indenture Trustee. A new Secured Note or Secured Notes of the same series, duly executed by the Owner Trust and registered in the name of the transferee or transferees in a principal amount or amounts equal to the principal amount of such transferred Secured Note, shall be duly authenticated and delivered by the Indenture Trustee to the transferee or transferees named by the Holder of such transferred Secured Note in exchange for such transferred Secured Note. Promptly after registration of the transfer of any Secured Note, the Indenture Trustee shall give notice thereof to the Charterer and the Owner Trust specifying the name and address for notices of the transferee or transferees.

Transfer, Exchange and Replacement of Notes. (a) ------------------------------------------- Secured Notes may be transferred only on the Note Register. Any Secured Note may be transferred on the Note Register if such Secured Note is surrendered for cancellation at the corporate trust office Corporate Trust Office of the Indenture Trustee and is accompanied by an instrument of transfer in form and substance reasonably satisfactory to the Indenture Trustee, which Secured Note or Secured Notes shall be cancelled by the Indenture Trustee. A new Secured Note or Secured Notes of the same series, duly executed by the Owner Trust Trustee and registered in the name of the transferee or transferees in a principal amount or amounts equal to the principal amount of such transferred Secured Note, shall be duly authenticated and delivered by the Indenture Trustee to the transferee or transferees named by the Holder of such transferred Secured Note in exchange for such transferred Secured Note. Promptly after registration of the transfer of any Secured Note, the Indenture Trustee shall give notice thereof to the Charterer Lessee and the Owner Trust Trustee specifying the name and address for notices of the transferee or transferees.

Transfer, Exchange and Replacement of Notes. (a) ------------------------------------------- Secured Notes may be transferred only on the Note Register. Any Secured Note may be transferred on the Note Register if such Secured Note is surrendered for cancellation at the corporate trust office Corporate Trust Office of the Indenture Trustee and is accompanied by an instrument of transfer in form and substance reasonably satisfactory to the Indenture Trustee, which Secured Note or Secured Notes shall be cancelled canceled by the Indenture Trustee. A new Secured Note or Secured Notes of the same series, duly executed by the Owner Trust Trustee and registered in the name of the transferee or transferees in a principal amount or amounts equal to the principal amount of such transferred Secured Note, shall be duly authenticated and delivered by the Indenture Trustee to the transferee or transferees named by the Holder of such transferred Secured Note in exchange for such transferred Secured Note. Promptly after registration of the transfer of any Secured Note, the Indenture Trustee shall give notice thereof to the Charterer and the Owner Trust Trustee specifying the name and address for notices of the transferee or transferees.

Transfer, Exchange and Replacement of Notes. (a) ------------------------------------------- Secured Notes may be transferred only on the Note Register. Any Secured secured Note may be transferred on the Note Register if such Secured Note is surrendered for cancellation at the corporate trust office of the Corporate Indenture Trustee and is accompanied by an instrument of transfer in form and substance reasonably satisfactory to the Corporate Indenture Trustee, which Secured Note or Secured Notes shall be cancelled canceled by the Indenture Trustee. A new Secured Note or Secured Notes of the same series, duly executed by the Owner Trust Grantor Trustee and registered in the name of the transferee or transferees in a principal amount or amounts equal to the principal amount of such transferred Secured Note, shall be duly authenticated by the Corporate Indenture Trustee and delivered by the Indenture Trustee to the transferee or transferees named by the Holder of such transferred Secured Note in exchange for such transferred Secured Note. Promptly after registration of the transfer of any Secured Note, the Corporate Indenture Trustee shall give notice thereof to the Charterer Lessee and the Owner Trust Grantor Trustee specifying the name and address for notices of the transferee or transferees.