Persons Entitled to Payment Sample Clauses

Persons Entitled to Payment. (1) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Corporation, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary.
AutoNDA by SimpleDocs
Persons Entitled to Payment. (a) Prior to due presentment for registration of a transfer of any Debenture, the Issuer, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register (including in the case of a Global Debenture, the Depository or the nominee of such Depository in whose name such Global Debenture is registered) as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Issuer, the Trustee or any other Person, as the case may be, shall be affected by notice to the contrary.
Persons Entitled to Payment. (1) The Issuer Trustee, the Indenture Trustee, and the Administrative Agent may deem and treat the bearer of any Note payable to bearer as the absolute owner of such Note and shall not be affected by any notice to the contrary.
Persons Entitled to Payment. 2.9.1 Prior to due presentment for registration of transfer of any Debenture, the Company, the Indenture Trustee and any other Person, as the case may be, may treat the Person, as the case may be, in whose name any Debenture is registered in the applicable register (including in the case of a Global Debenture, the Depository or the nominee of such Depository in whose name such Global Debenture is registered) as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and (unless the Company shall provide to the Indenture Trustee a written notice that Applicable Law or the rules of a Recognized Stock Exchange require otherwise, on which the Indenture Trustee may rely without investigation, and shall in no way be liable to the Holders or any other Person in so relying) effecting any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Company, the Indenture Trustee or any other Person, as the case may be, shall be affected by notice to the contrary.
Persons Entitled to Payment. (a) The holder for the time being of any Debenture shall be entitled to the Principal Sum and Interest evidenced by such Debenture, free from all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder thereof and all Persons may act accordingly and a transferee of a Debenture shall, after an appropriate form of Transfer is lodged with the Trustee and upon compliance with all other conditions required by this Trust Indenture or by any conditions contained in such Debenture or by Applicable Law, be entitled to be entered on the Register as the owner of such Debenture free from all equities or rights of set-off or counterclaim between the Corporation and the transferor or any previous holder thereof, save with respect to equities of which such Debentureholder is required to take notice by statute or by order of a court of competent jurisdiction. The Corporation and the Trustee shall deem and treat the registered holder of any Debenture as the absolute owner thereof for all purposes and the Corporation and the Trustee shall not be affected by any notice or knowledge to the contrary, save as ordered by a court of competent jurisdiction or as required by Applicable Law. Nothing contained in this Section 2.7 shall limit or restrict the entitlement of the Corporation to make payments of Interest, in accordance with Section 2.1 as applicable, to such Person as is the Debentureholder on a Record Date with respect to the Interest payable on the Interest Payment Date relating thereto.
Persons Entitled to Payment. Payment of or on account of the principal of any Bonds shall be made only to or upon the order in writing of the Person in whose name such Bonds shall be registered and such payment shall be a good and sufficient discharge to the Attorney and to the Grantor for the amounts so paid. Where Bonds are registered in more than one name, the principal moneys and interest from time to time payable in respect thereof may be paid by cheque or warrant payable to the order of all such holders, failing written instructions from them to the contrary, and such payment shall be valid discharge to the Attorney for the amounts so paid and to the Grantor. The holder for the time being of any Bond shall be entitled to the principal moneys and interest evidenced by such Bond, free from all equities or rights of set-off, compensation or counter-claim between the Grantor and the original or any intermediate holder thereof and all Persons may act accordingly and a transferee of a Bond shall, after the appropriate form of transfer is lodged with the Attorney and upon compliance with all other conditions in that behalf required by this Deed or by any conditions contained in such Bond or by law, be entitled to be entered on the register as the owner of such Bond free from all equities or rights of set-off, compensation or counter-claim between the Grantor and its transferor or any previous holder thereof, save in respect of equities of which the Grantor is required to take notice by statute or by order of a court of competent jurisdiction and save as otherwise expressly provided in this Deed.
Persons Entitled to Payment. The person in whose name any Debenture shall be registered shall be deemed and regarded as the owner thereof for all purposes of this Indenture and payment of or on account of the principal amount of such Debenture shall be made only to or upon the order in writing of such holder thereof. Such payment shall be a good and sufficient discharge to the Trustee and any registrar and to the Corporation and any paying agent for the amounts so paid. The holder for the time being of any Debenture shall be entitled to the principal monies, free from all equities and rights of set-off or counter claim between the Corporation and the original or any intermediate holder thereof, and all persons may act accordingly. A transferee of a Debenture shall, after an appropriate form of transfer is lodged with the Trustee or other registrar and upon compliance with all other conditions in that behalf required by this Indenture or by any conditions contained in such Debenture or by law, be entitled to be entered on any of the appropriate registers as the owner of such Debenture free from all equities and rights of set-off or counterclaim between the Corporation and his transferor or any previous holder thereof, save in respect of equities of which the Corporation is required to take notice by statute or by order of a court of competent jurisdiction. Delivery to the Trustee by a Debentureholder of a Debenture or the receipt of such holder for the principal monies shall be a good and sufficient discharge to the Corporation (subject to any outstanding obligations owing by the Corporation to any Debentureholder pursuant to Articles 3, 4, 5, 6, 7 and 8 herein), which shall not be bound to enquire into the title of such holder, save as ordered by some court of competent jurisdiction or as required by statute. Neither the Corporation, the Trustee nor any registrar shall be charged with notice of or be bound to see to the execution of any trust, whether express, implied or constructive, in respect of any Debenture nor be affected by notice of any equity that may be subsisting in respect thereof. Where Debentures are registered in more than one name the principal monies may be paid by cheque payable to the order of all such holders, failing written instruction from them to the contrary, and such payment shall be a good and sufficient discharge to the Trustee and any registrar and to the Corporation (subject to any outstanding obligations owing by the Corporation to any Debentureholder pu...
AutoNDA by SimpleDocs
Persons Entitled to Payment. (a) Prior to due presentment for registration of transfer of any Debenture, the Corporation, the Trustee and any other Person, as the case may be, may treat the Person in whose name any Debenture is registered in the applicable register as the absolut... (b)
Persons Entitled to Payment. (1) The Corporation and the Trustee may deem and treat the registered holder of any Debenture Certificate as the absolute owner of the Debenture represented thereby for all purposes and the Corporation and the Trustee shall not affected by any notice or knowledge to the contrary except where the Corporation or the Trustee is required to take notice by statute or by order of a court of competent jurisdiction. A Debentureholder shall be entitled to the rights evidenced by such Debenture free from all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder thereof and all persons may act accordingly and neither the Corporation nor the Trustee shall be bound to inquire into the title of any such holder except where the Corporation or the Trustee is required to take notice by statute or by order of a court of competent jurisdiction.
Persons Entitled to Payment. 2.9.1 Prior to due presentment for registration of transfer of any Debenture, the Company, the Indenture Trustee, the Registrar, the Paying Agent, the Transfer Agent and any other Person, as the case may be, may treat the Person, as the case may be, in whose name any Debenture is registered in the applicable register (including in the case of a Global Debenture, the Depository or the nominee of such Depository in whose name such Global Debenture is registered) as the absolute and sole owner of such Debenture for all purposes including receiving payment of the principal of, and any premium, if any, interest or other amount on such Debenture, receiving any notice to be given to the Holder of such Debenture, and taking any Act of Holders with respect to such Debenture, whether or not any payment with respect to such Debenture shall be overdue, and none of the Company, the Indenture Trustee, the Registrar, the Paying Agent, the Transfer Agent or any other Person, as the case may be, shall be affected by notice to the contrary.
Time is Money Join Law Insider Premium to draft better contracts faster.