Endorsement or Replacement of Certificates Delivered After Amendments. The Trustee may determine that Certificates delivered after the effective date of any action taken as provided in this Article X shall bear a notation, by endorsement, in form approved b y the Trustee, as to such action. In that case, upon demand of the Owner o f any Certificate Outstanding at such effective date and presentation of his Certificate for that purpose at the office of the Trustee, a suitable notation shall be made on such Certificate. The Trustee may determine that new Certificates, so modified as in the opinion of the Trustee is necessary to conform to such Certificate Owner’s action, shall be prepared, executed and delivered. In that case, upon demand of the Owner of any Certificate then Outstanding, such new Certificate shall be exchanged in the Principal Office of the Trustee without cost to such Owner, for a Certificate of the same character then Outstanding, upon surrender of such Certificate.
Appears in 1 contract
Sources: Trust Agreement
Endorsement or Replacement of Certificates Delivered After Amendments. The Trustee Lessor may determine that Certificates delivered after the effective date of any action taken as provided in this Article X shall will bear a notation, by endorsementendorsement or otherwise, in form approved b y by the TrusteeLessor, as to such action. In that case, upon demand of the Owner o f of any Certificate affected Certificates Outstanding at such effective date and presentation of his Certificate or her Certificates for that the purpose at the office of the Trustee, a suitable notation shall will be made on such CertificateCertificates. The Trustee may determine that new New Certificates, so modified as in the opinion of the Trustee Lessor is necessary to conform to such Certificate Owner’s Certificates Owners' action, shall will be prepared, executed and delivered. In that case, upon demand of the Owner of any Certificate Certificates then Outstanding, such new Certificate shall Certificates will be exchanged in the Principal Office designated office of the Trustee Trustee, without cost to such Owner, for a Certificate Certificates of the same character then Outstanding, upon surrender of such CertificateCertificates.
Appears in 1 contract
Sources: Trust Indenture
Endorsement or Replacement of Certificates Delivered After Amendments. The Trustee may determine that Certificates delivered after the effective date of any action taken as provided in this Article X shall bear a notation, by endorsement, in form approved b y by the Trustee, as to such action. In that case, upon demand of the Owner o f of any Outstanding Certificate Outstanding at such effective date and presentation of his Certificate for that such purpose at the office of the TrusteePrincipal Office, a suitable notation shall be made on such Certificate. The Trustee may determine that new Certificates, so modified as in the opinion of the Trustee is necessary to conform to such Certificate Owner’s action, shall be prepared, executed and delivered. In that case, upon demand of the Owner of any Certificate then Outstanding, such new Certificate shall be exchanged in the Principal Office of the Trustee without cost to such Owner, for a Certificate of the same character then Outstanding, upon surrender of such Certificate.
Appears in 1 contract
Sources: Trust Agreement