Common use of Definitive Bonds to Unrestricted Definitive Bonds Clause in Contracts

Definitive Bonds to Unrestricted Definitive Bonds. Any Definitive Bond may be exchanged by the holder thereof for an Unrestricted Definitive Bond or transferred to a person or persons who take delivery thereof in the form of an Unrestricted Definitive Bond if the Trustee, as registrar, receives the following: (A) if the holder of such Definitive Bonds proposes to exchange such Definitive Bonds for an Unrestricted Definitive Bond, a certificate from such holder substantially in the form of Exhibit B hereto, including the certifications in item (1)(d) thereof; or (B) if the holder of such Definitive Bonds proposes to transfer such Definitive Bonds to a person who shall take delivery thereof in the form of an Unrestricted Definitive Bond, a certificate from such holder substantially in the form of Exhibit A hereto, including the certifications in item (4) thereof; and (except in the case of a transfer contemplated by item (4)(a) or (d) of Exhibit A), an Opinion of Counsel.

Appears in 3 contracts

Sources: Fiftieth Supplemental Indenture (Enron Corp/Or/), Fifty Second Supplemental Indenture (Enron Corp/Or/), Fifty Fifth Supplemental Indenture (Enron Corp/Or/)