Surrendered Exchange Notes Sample Clauses
The 'Surrendered Exchange Notes' clause defines the process and requirements for holders to return or deliver their existing notes as part of an exchange offer. Typically, this clause outlines the conditions under which the original notes must be surrendered, such as the timing, documentation, and any necessary endorsements, to receive new exchange notes in return. By specifying these procedures, the clause ensures a clear and orderly transition from old to new notes, preventing disputes and facilitating the efficient completion of the exchange process.
Surrendered Exchange Notes. Every Exchange Note surrendered for registration of transfer will be (i) duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Exchange Note Registrar or the Administrative Agent duly executed by, the Exchange Noteholder or the Exchange Noteholder's authorized attorney, (ii) accompanied by a transferee representation letter substantially in the form of Exhibit B (with any changes that may be approved by the Borrowers) and any other documents or evidence that the Administrative Agent may require and (iii) accompanied by any other documents the Administrative Agent may require.