Common use of Exchange and Registration of Transfer of Notes Clause in Contracts

Exchange and Registration of Transfer of Notes. (a) The Fiscal Agent is hereby authorized from time to time in accordance with the provisions of the Notes of a series and of this Section to authenticate and deliver Notes in exchange for or in lieu of Notes with the same maturity and of like form which become mutilated, destroyed, stolen or lost and as provided in the text of the Notes, provided the Fiscal Agent is given an indemnity or security by the registered holder of the mutilated, destroyed, stolen or lost Note satisfactory to the Fiscal Agent. Each Note authenticated and delivered upon any transfer or in exchange for or in lieu of the whole or any part of any Note shall carry all the rights to interest accrued and unpaid and to accrue which were carried by the whole or such part of such Note, and notwithstanding anything to the contrary herein contained, such new Note shall be so dated that neither gain nor loss in interest shall result in such transfer, exchange or substitution.