Common use of Registered Obligation Clause in Contracts

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers of this Note to the new holder or the issuance by the Borrowers of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).

Appears in 4 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.)

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Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers of this Note to the new holder or the issuance by the Borrowers of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). [Balance of page intentionally left blank; signature page follows.]

Appears in 4 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.)

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Borrower (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (ia) surrender of this Note and either the reissuance by the Borrowers Borrower of this Note to the new holder or the issuance by the Borrowers Borrower of a new instrument to the new holder, or (iib) transfer through a book entry system maintained by the Borrowers Borrower (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).

Appears in 3 contracts

Samples: Secured Term Note (Stockeryale Inc), Secured Term Note (Stockeryale Inc), Secured Term Note (Stockeryale Inc)

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Company (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers Company of this Note to the new holder or the issuance by the Borrowers Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).. [Balance of page intentionally left blank; signature page follows]

Appears in 2 contracts

Samples: Ams Health Sciences Inc, RG America, Inc.

Registered Obligation. This Note is intended to be a registered ---------------------- obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Company (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers Company of this Note to the new holder or the issuance by the Borrowers Company of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers Company (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).. [Balance of page intentionally left blank; signature page follows]

Appears in 2 contracts

Samples: Secured Term (Texhoma Energy Inc), Secured Term (Trinity Learning Corp)

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Registered Obligation. This Note is intended to be a registered ---------------------- obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Companies (or its agenttheir agents) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers Companies of this Note to the new holder or the issuance by the Borrowers Companies of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers Companies (or its agenttheir agents), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).. [Balance of page intentionally left blank; signature page follows]

Appears in 1 contract

Samples: Secured Revolving Note (Trinity Learning Corp)

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Borrower (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers Borrower of this Note to the new holder or the issuance by the Borrowers Borrower of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers Borrower (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).

Appears in 1 contract

Samples: Secured Term Note (Science Dynamics Corp)

Registered Obligation. This Note is intended to be a registered obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrowers Parent (or its agent) shall register the this Note (and thereafter shall maintain such registration) as to both principal and any stated interest. Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (i) surrender of this Note and either the reissuance by the Borrowers Parent of this Note to the new holder or the issuance by the Borrowers Parent of a new instrument to the new holder, or (ii) transfer through a book entry system maintained by the Borrowers Parent (or its agent), within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).. Secured Convertible Term Note [Balance of page intentionally left blank; signature page follows] Secured Convertible Term Note

Appears in 1 contract

Samples: Chad Therapeutics Inc

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