Common use of Notation on Bonds Clause in Contracts

Notation on Bonds. Bonds delivered after the effective date of any action taken as in Article IX or this Article provided may, and if the Trustee so determines shall, bear a notation by endorsement or otherwise in form approved by the Authority and the Trustee as to such action, and in that case upon demand of the Owner of any Bond Outstanding at such effective date and upon presentation of his Bond for the purpose at the Principal Office of the Trustee, suitable notation shall be made on such Bond by the Trustee as to any such action. If the Authority or the Trustee shall so determine, new Bonds so modified as in the opinion of the Trustee and the Authority to conform to such action shall be prepared and delivered, and upon demand of the Owner of any Bond then Outstanding shall be exchanged, upon surrender of such Bonds.

Notation on Bonds. Bonds delivered after the effective date of any action taken as in Article IX or this Article X provided may, and if the Trustee so determines shall, bear a notation by endorsement or otherwise in form approved by the Authority Issuer and the Trustee as to such action, and in that case upon demand of the Owner Holder of any Bond Outstanding at such effective date and upon presentation of his Bond for the purpose at the Principal Office principal office of the Trustee, suitable notation shall be made on such Bond by the Trustee as to any such action. If the Authority Issuer or the Trustee shall so determine, new Bonds so modified as in the opinion of the Trustee and the Authority Issuer to conform to such action shall be prepared and delivered, and upon demand of the Owner Holder of any Bond then Outstanding shall be exchanged, upon surrender of such Bonds.

Notation on Bonds. Bonds delivered after the effective date of any action taken as in Article IX or this Article XI provided may, and if the Trustee so determines shall, bear a notation by endorsement or otherwise in form approved by the Authority Issuer and the Trustee as to such action, and in that case upon demand of the Owner of any Bond Outstanding at such effective date and upon presentation of his Bond for the purpose at the Principal Office principal office of the Trustee, suitable notation shall be made on such Bond by the Trustee as to any such action. If the Authority Issuer or the Trustee shall so determine, new Bonds so modified as in the opinion of the Trustee and the Authority Issuer to conform to such action shall be prepared and delivered, and upon demand of the Owner of any Bond then Outstanding shall be exchanged, upon surrender of such Bonds.

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