Common use of Transfer of the Debentures Clause in Contracts

Transfer of the Debentures. This Debenture or part hereof is transferable and assignable by the Holder to any other Person at any time provided that (i) any transfer or assignment of the Principal Sum, in whole or in part, occurs in multiples of $1,000, and (ii) the transferee of all or any portion of this Debenture, contemporaneously with the occurrence of such transfer, executes and otherwise agrees to be bound by, the Debenture Holder Agreement. The Holder acknowledges and understands that the transfer or assignment of all or part of the Principal Sum is subject to Applicable Securities Laws, and may only be effected upon compliance with such laws.