Common use of Multiple Bridge Noteholders Clause in Contracts

Multiple Bridge Noteholders. If two or more persons are entered in the Register as joint registered holders of any Notes then the receipt by any one of such persons of any interest or principal shall be as effective a discharge to the Issuer (or, as applicable, Issuer 2) as if the recipient were the sole registered holder of such Notes.

Appears in 2 contracts

Sources: Loan Note Facility (Babylon Holdings LTD), Loan Agreement (Babylon Holdings LTD)

Multiple Bridge Noteholders. If two or more persons are entered in the Register as joint registered holders of any Notes then the receipt by any one of such persons of any interest or principal shall be as effective a discharge to the Issuer (or, as applicable, Issuer 2) as if the recipient were the sole registered holder of such Notes.

Appears in 1 contract

Sources: Loan Agreement (Babylon Holdings LTD)