Common use of Who Are Deemed Absolute Owners Clause in Contracts

Who Are Deemed Absolute Owners. The Company, the Trustee with respect to a series of Debt Securities, and any agent of the Trustee or the Company under this Indenture may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agent) for the purpose of receiving payment of or on account of the principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such agent shall be affected by any notice to the contrary. All such payments so made to any Holder for the time being or upon such Holder’s order shall, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 3 contracts

Samples: Indenture (Perma-Pipe International Holdings, Inc.), Indenture (Hennessy Advisors Inc), Indenture (Perma-Pipe International Holdings, Inc.)

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Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debenture, the Company, the Trustee with respect to a series of Debt SecuritiesTrustee, any Authenticating Agent, any paying agent, any transfer agent and any agent of security registrar for the Trustee or the Company under this Indenture Debentures may deem the Person person in whose name such Debt Security Debenture shall be registered upon the Debt Security Debenture Register to be, and may treat such Person him or her as, the absolute owner of such Debt Security Debenture (whether or not such Debt Security Debenture shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and premium, if any, and (subject to Section 2.05) interest on such Debt Security Debenture and for all other purposes; and neither the Company nor the Trustee nor any such Authenticating Agent nor any paying agent nor any transfer agent nor any security registrar for the Debentures shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holder’s his or her order shallshall be valid and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt SecurityDebenture.

Appears in 3 contracts

Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/)

Who Are Deemed Absolute Owners. The Company, any other obligor on the Trustee with respect to a series of Debt Securities, the Trustee, any authenticating agent, any paying agent, any conversion agent and any agent of the Trustee or the Company under this Indenture Security registrar may deem the Person person in whose name such Debt Security shall be registered upon the Debt Security Register register to be, and may treat such Person him as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentthereon) for the purpose of receiving payment of or on account of the principal of and of, premium, if any, and interest on such Debt Security, for conversion of such Security and for all other purposes; purposes and neither the Company nor any other obligor on the Securities nor the Trustee nor any such paying agent nor any conversion agent nor any authenticating agent nor any Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being being, or upon such Holder’s order shallhis order, shall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys monies payable upon any such Debt Security.

Appears in 2 contracts

Samples: System Software (System Software Associates Inc), Securities Purchase Agreement (System Software Associates Inc)

Who Are Deemed Absolute Owners. The Company, the Trustee with respect to a series of Debt Securities, and any agent of the Trustee or the Company under this Indenture may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person him as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agent) for the purpose of receiving payment of or on account of the principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such agent shall be affected by any notice to the contrary. All such payments so made to any Holder for the time being or upon such Holder’s his order shall, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 2 contracts

Samples: Indenture (Morton International Inc /In/), Indenture (Johnson Controls Inc)

Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee with respect to a series of Debt SecuritiesTrustee, any Authenticating Agent, any Paying Agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Debt Security registrar may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and of, premium, if any, and interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such Authenticating Agent nor any Paying Agent nor any transfer agent nor any Debt Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holder’s holder's order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security. SECTION 7.04.

Appears in 1 contract

Samples: Employment Agreement (Columbia Bancorp \Or\)

Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee with respect to a series of Debt SecuritiesTrustee, any Authenticating Agent, any Paying Agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Debt Security registrar may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither none of the Company nor Company, the Trustee nor Trustee, any such Authenticating Agent, any Paying Agent, any transfer agent or any Debt Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holder’s holder's order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 1 contract

Samples: Hf Financial Corp

Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee with respect to a series of Debt SecuritiesGuarantor, the Trustee, any Authenticating Agent, any Paying Agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Debt Security registrar may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither none of the Company nor Company, the Trustee nor Guarantor, the Trustee, any such Authenticating Agent, any Paying Agent, any transfer agent or any Debt Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holderholder’s order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 1 contract

Samples: Indenture (American Safety Insurance Group LTD)

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Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Security, the Company, the Trustee with respect to a series of Debt SecuritiesTrustee, any Authenticating Agent, any paying agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Security registrar may deem the Person person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person him as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and premium, if anyany Redemption Price, Purchase Price and Change in Control Purchase Price and (subject to Section 2.06) interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such Authenticating Agent nor any paying agent nor any transfer agent nor any Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holder’s his order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 1 contract

Samples: Xerox Corp

Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee with respect to a series of Debt SecuritiesTrustee, any Authenticating Agent, any Paying Agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Debt Security Registrar may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and of, premium, if any, and interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such Authenticating Agent nor any Paying Agent nor any transfer agent nor any Debt Security Registrar shall be affected by any notice to the contrary. All such payments so made to any Holder Securityholder for the time being or upon such HolderSecurityholder’s order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 1 contract

Samples: Indenture (Flagstar Bancorp Inc)

Who Are Deemed Absolute Owners. The Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee with respect to a series of Debt SecuritiesGuarantor, the Trustee, any Authenticating Agent, any Paying Agent, any transfer agent and any agent of the Trustee or the Company under this Indenture Debt Security registrar may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agentoverdue) for the purpose of receiving payment of or on account of the principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither none of the Company nor Company, the Trustee nor Guarantor, the Trustee, any such Authenticating Agent, any Paying Agent, any transfer agent or any Debt Security registrar shall be affected by any notice to the contrary. All such payments so made to any Holder holder for the time being or upon such Holder’s holder's order shallshall be valid, and, to the extent of the sum or sums so paid, be effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security.

Appears in 1 contract

Samples: Kingsway Financial Services Inc

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