Transfer and Exchanges of Notes. . . . 30 9.3 Loss, Theft, Etc, of Notes. . . . . . . . . 31 9.4 Expense; Stamp Tax Indemnity. . . . . . . 31 9.5
Transfer and Exchanges of Notes. Subject to Section 4, any Purchaser of the Notes may at any time transfer the Notes, or any of them, to another Institutional Investor in an amount equal to the lesser of (i) the principal amount of all Notes held by such Purchaser or (ii) $1,000,000; provided that, notwithstanding the foregoing, no Purchaser may at any time transfer the Notes, or any of them, to any Person that directly or indirectly through one of its Affiliates competes with the Company, or any of the Company's Subsidiaries, in their respective lines of business without the prior written consent of the Company (which consent shall not be unreasonably withheld). At any time, and from time to time, upon not less than ten days' notice to that effect given by the holder of any Note initially delivered or of any Note substituted therefor pursuant to this Agreement, and, upon surrender of such Note at its office, the Company will deliver in exchange therefor, without expense to the holder, except as set forth below, Notes for the same aggregate principal amount as the then unpaid principal amount in excess thereof as such holder shall specify (or if the aggregate principal of the Note or Notes held by such holder is less than $100,000, then in the denomination of such principal amount), dated as of the date to which interest has been paid on the Note so surrendered or, if such surrender is prior to the payment of any interest thereon, then dated as of the date of issue, registered in the name of such Person or Persons as may be designated by such holder, and otherwise of the same form and tenor as the Note so surrendered for exchange.
Transfer and Exchanges of Notes
