Common use of Notation on Bonds Clause in Contracts

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as hereinabove in this Article X provided may, and, if the Master Trustee determines, shall, bear a notation by endorsement or otherwise in form approved by the Trust and the Master Trustee as to such actions and in that case upon demand of the Registered Owner of any Bond Outstanding at or after such effective date and presentation of its Bond for the purpose to the Master Trustee suitable notation shall be made on such Bond by the Master Trustee as to any such action. If the Trust or the Master Trustee shall so determine new Bonds so modified as in the opinion of the Master Trustee and the Trust to conform to such action shall be prepared, authenticated and delivered, and upon demand of the Registered Owner of any Bond then Outstanding shall be exchanged, without cost to such Registered Owner, for Bonds of the same Series and maturity then Outstanding, upon surrender of such Bonds.

Appears in 3 contracts

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

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Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as hereinabove provided in Article IX hereof or this Article X provided may, and, and if the Master Trustee so determines, shall, bear a notation by endorsement or otherwise in form approved by the Trust Corporation and the Master Trustee as to such actions action, and in that case upon demand of the Registered Owner Holder of any Bond Outstanding at or after such effective date and upon presentation of its his Bond for such purpose at the purpose to designated corporate trust office of the Master Trustee suitable notation shall be made on such Bond by the Master Trustee as to any such action. If the Trust Corporation or the Master Trustee shall so determine determine, new Bonds so modified as as, in the opinion of the Master Trustee and the Trust to Corporation, conform to such action shall be prepared, authenticated prepared and delivered, and upon demand of the Registered Owner Holder of any Bond then Outstanding shall be exchanged, without cost to such Registered OwnerBondholder, for Bonds of the same Series and maturity then Outstanding, upon surrender of such Bonds.

Appears in 2 contracts

Samples: Master Trust Indenture, Master Trust Indenture

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as hereinabove provided in Article IX hereof or this Article X provided may, and, and if the Master Trustee so determines, shall, bear a notation by endorsement or otherwise in form approved by the Trust Corporation and the Master Trustee as to such actions action, and in that case upon demand of the Registered Owner Holder of any Bond Outstanding at or after such effective date and upon presentation of its his Bond for such purpose at the purpose to principal corporate trust office of the Master Trustee suitable notation shall be made on such Bond by the Master Trustee as to any such action. If the Trust Corporation or the Master Trustee shall so determine determine, new Bonds so modified as as, in the opinion of the Master Trustee and the Trust to Corporation, conform to such action shall be prepared, authenticated prepared and delivered, and upon demand of the Registered Owner Holder of any Bond then Outstanding shall be exchanged, without cost to such Registered OwnerBondholder, for Bonds of the same Series and maturity then Outstanding, upon surrender of such Bonds.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as hereinabove in this Article X provided may, and, if the Master Trustee determines, shall, bear a notation by endorsement or otherwise in form approved by the Trust State and the Master Trustee as to such actions and in that case upon demand of the Registered Owner registered owner of any Bond Outstanding at or after such effective date and presentation of its Bond for the purpose to the Master Trustee suitable notation shall be made on such Bond by the Master Trustee as to any such action. If the Trust State or the Master Trustee shall so determine new Bonds so modified as in the opinion of the Master Trustee and the Trust State to conform to such action shall be prepared, authenticated and delivered, and upon demand of the Registered Owner Holder of any Bond then Outstanding shall be exchanged, without cost to such Registered Owneris Bondholder, for Bonds of the same Series and maturity then Outstandingoutstanding, upon surrender of such Bonds.

Appears in 1 contract

Samples: Trust Agreement

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Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as hereinabove provided in Article IX hereof or this Article X provided may, and, and if the Master Trustee so determines, shall, bear a notation by endorsement or otherwise in form approved by the Trust Corporation and the Master Trustee as to such actions action, and in that case upon demand of the Registered Owner Holder of any Bond Outstanding at or after such effective date and upon presentation of its his Bond for such purpose at the purpose to designated corporate trust office of the Master Trustee suitable notation shall be made on such Bond by the Master Trustee as to any such action. If the Trust Corporation or the Master Trustee shall so determine determine, new Bonds so modified as as, in the opinion of the Master Trustee and the Trust to Corporation, conform to such action shall be prepared, authenticated prepared and delivered, DRAFT and upon demand of the Registered Owner Holder of any Bond then Outstanding shall be exchanged, without cost to such Registered OwnerBondholder, for Bonds of the same Series and maturity then Outstanding, upon surrender of such Bonds.

Appears in 1 contract

Samples: Master Trust Indenture

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