Registered Debentures Sample Clauses
The Registered Debentures clause defines the terms under which debentures issued by a company are recorded in the names of specific holders in a formal register maintained by the company. This clause typically outlines the process for registration, transfer, and recognition of ownership, ensuring that only those listed in the register are acknowledged as legitimate holders of the debentures. By formalizing the registration process, the clause provides clear evidence of ownership and helps prevent disputes over entitlement to interest payments or repayment of principal, thereby ensuring transparency and legal certainty for both the issuer and the debenture holders.
Registered Debentures. (a) The Corporation shall cause to be kept by and at the principal office of the Trustee in Vancouver, British Columbia and by the Trustee or such other registrar as the Corporation, with the approval of the Trustee, may appoint at such other place or places, if any, as may be specified in the Debentures or as the Corporation may designate with the approval of the Trustee, a register in which shall be entered the names and addresses of the holders of the Debentures and particulars of the Debentures held by them respectively and of all transfers of the Debentures. Such registration shall be noted on the Debentures by the Trustee or other registrar unless a new Debenture shall be issued upon such transfer.
(b) No transfer of a Debenture shall be valid unless made on such register referred to in Section 3.3(a) and in accordance with Section 3.1 of this Indenture, by the registered holder or such holder’s executors, administrators or other legal representatives or an attorney duly appointed by an instrument in writing in form and execution satisfactory to the Trustee or other registrar upon surrender of the Debentures together with a duly executed form of transfer in the form attached as Schedule I, or in a form acceptable to the Trustee and Corporation upon compliance with such other reasonable requirements as the Trustee or other registrar or Corporation may prescribe, and unless the name of the transferee shall have been noted on the Debenture by the Trustee or other registrar.
Registered Debentures. The Company shall cause to be kept at --------------------- its principal office, a register for the registration and transfer of the Debentures, and the Company will register or transfer or cause to be registered or transferred, as hereinafter provided and under such reasonable regulations as it may prescribe, any Debenture issued pursuant to this Agreement. Subject to the provisions of Section 4, at any time and from time to time the registered holder of a Debenture may transfer such Debenture, or cause the same to be transferred upon surrender thereof at the principal office of the Company duly executed or accompanied by a written instrument of transfer duly executed by the registered holder of such Debenture or his attorney duly authorized in writing. The person in whose name a Debenture shall be registered shall be deemed and treated as the owner and holder thereof for all purposes of this Agreement. Payment of or on account of the principal and interest on a Debenture shall be made to or upon the written order of such registered holder.
Registered Debentures. Number Nominal value NIS Six percent annual interest.
Registered Debentures