Common use of Transfer of Class A Notes to Note Insurer Clause in Contracts

Transfer of Class A Notes to Note Insurer. Any other provision contained herein to the contrary notwithstanding, the Note Insurer or the Fiscal Agent shall be entitled, without charge therefor, at any time: to register, discharge from registration or transfer registration of any Class A Note which it holds upon presenting it to the Indenture Trustee and either appropriate authority from the Class A Noteholder thereof for such transfer or a claim of ownership and a written undertaking to indemnify the Owner Trustee and the Indenture Trustee from claims resulting from such transfer; and to have the registration books marked to indicate its interest in any Class A Note upon presentation only of such a claim and such a written undertaking. The Note Insurer and Fiscal Agent are entitled to have access to and to make copies of the Note Register, at the expense of the Note Registrar, at any reasonable time upon reasonable prior written notice.

Transfer of Class A Notes to Note Insurer. Any other provision contained herein to the contrary notwithstanding, the Note Insurer or the Fiscal Agent shall be entitled, without charge therefor, at any time: to register, discharge from registration or transfer registration of any Class A Note which it holds upon presenting it to the Indenture Trustee and either appropriate authority from the Class A Noteholder thereof for such transfer or a claim of ownership and a written undertaking to indemnify the Owner Trustee Issuer and the Indenture Trustee from claims resulting from such transfer; and to have the registration books marked to indicate its interest in any Class A Note upon presentation only of such a claim and such a written undertaking. The Note Insurer and Fiscal Agent are is entitled to have access to and to make copies of the Note Register, at the expense of the Note Registrar, at any reasonable time upon reasonable prior written notice.