Common use of Transfer of Bonds Clause in Contracts

Transfer of Bonds. (A) Each Bond shall be transferable only upon the registration books of the Trust kept by the Master Trustee, by the Registered Owner thereof in person or by its attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer satisfactory to the Master Trustee duly executed by the Registered Owner or its duly authorized attorney. Upon the transfer of any such Bond the Trust shall issue in the name of the transferee a new Bond or Bonds of the same aggregate principal amount and Series and maturity and tenor as the surrendered Bond.

Appears in 3 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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Transfer of Bonds. (Aa) Each Bond shall be transferable only upon the registration books of the Trust Authority kept by the Master Trustee, by the Registered Owner thereof in person or by its attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer satisfactory to the Master Trustee duly executed by the Registered Owner or its duly authorized attorney. Upon the transfer of any such Bond the Trust Authority shall issue in the name of the transferee a new Bond or Bonds of the same aggregate principal amount and Series and maturity and tenor as the surrendered Bond.

Appears in 1 contract

Samples: Trust Agreement

Transfer of Bonds. (A) Each Bond The Bonds shall be transferable only upon the registration books of the Trust kept by Authority at the Master designated office of the Trustee, by the Registered Owner registered owner thereof in person or by its his attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer satisfactory to the Master Trustee duly executed by the Registered Owner registered owner or its such duly authorized attorney. Upon the transfer of any such Bond, the Authority shall execute, and the Trustee shall authenticate and deliver, a new Bond the Trust shall issue or Bonds in authorized denominations registered in the name of the transferee a new Bond or Bonds of the same aggregate principal amount and Series and maturity and tenor as the surrendered Bond.

Appears in 1 contract

Samples: Trust Indenture (Middlesex Water Co)

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Transfer of Bonds. (Aa) Each Bond shall be transferable only upon the registration books register for the Series of the Trust kept by the Master Trusteewhich such Bond is a part, by the Registered Owner registered owner thereof in person or by its attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer satisfactory to the Master Trustee Paying Agent duly executed by the Registered Owner registered owner or its duly authorized attorney. Upon the transfer of any such Bond the Trust State shall issue in the name of the transferee a new Bond or Bonds of the same aggregate principal amount and Series and maturity and tenor as the surrendered Bond.

Appears in 1 contract

Samples: Trust Agreement

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