Common use of Notation on Bonds Clause in Contracts

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as provided in this Article may and, if the Trustee or the Issuer so determines, shall bear a notation by endorsement or otherwise in form approved by the Issuer and the Trustee as to such action, and in that case upon demand of the owner of any Outstanding Bond at such effective date and presentation of such owner’s Bond for the purpose at the Principal Office of the Trustee or upon any transfer or exchange of any Bond Outstanding at such effective date, suitable notation shall be made on such Bond or upon any Bond issued upon any such transfer or exchange by the Trustee as to any such action. If the Issuer or the Trustee shall so determine, new Bonds modified to conform to such action in the opinion of the Trustee and the Issuer shall be prepared, executed, authenticated and delivered, and upon demand of the owner of any Bond then Outstanding shall be exchanged, without cost to such owner, upon surrender of such Outstanding Bond.

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as provided in Article VIII hereof or this Article IX may and, if the Trustee or the Issuer so determines, shall bear a notation by endorsement or otherwise in form approved by the Issuer Authority and the Trustee as to such action, and in that case upon demand of the owner Owner of any Outstanding Bond at such effective date and presentation of such owner’s its Bond for the purpose at the Principal Office designated corporate trust office of the Trustee or upon any transfer or exchange of any Bond Outstanding at such effective date, suitable notation shall be made on such Bond or upon any Bond issued upon any such transfer or exchange by the Trustee as to any such action. If the Issuer Authority or the Trustee shall so determine, new Bonds modified to conform to such action in the opinion of the Trustee and the Issuer Authority shall be prepared, executed, authenticated and delivered, and upon demand of the owner Owner of any Bond then Outstanding shall be exchanged, without cost to such ownerBondholder, upon surrender of such Outstanding Bond.

Notation on Bonds. Bonds Bond authenticated and delivered after the effective date of any action taken as provided in Article VIII or this Article may and, if the Trustee or the Issuer so determines, shall bear a notation by endorsement or otherwise in form approved by the Issuer Agency and the Trustee as to such action, and in that case upon demand of the owner holder of any Outstanding Bond at such effective date and presentation of such owner’s his Bond for the purpose at the Principal Office principal office of the Trustee or upon any transfer or exchange of any Bond Outstanding at such effective date, suitable notation shall be made on such Bond or upon any Bond issued upon any such transfer or exchange by the Trustee as to any such action. If the Issuer Agency or the Trustee shall so determine, new Bonds modified to conform to such action in the opinion of the Trustee and the Issuer shall be prepared, executed, authenticated and delivered, and upon demand of the owner holder of any Bond then Outstanding shall be exchanged, without cost to such ownerBondholder, for Bonds of the same maturity and other terms then Outstanding, upon surrender of such Outstanding BondBonds.

Notation on Bonds. Bonds authenticated and delivered after the effective date of any action taken as provided in this Article may may, and, if the Trustee or the Issuer so determines, shall determines shall. bear a notation by endorsement or otherwise in form approved by the Issuer and the Trustee as to such action, and in that case upon demand of the owner Owner of any Bond Outstanding Bond at such effective date and presentation of such owner’s his Bond for the purpose at the Principal Office principal office of the Trustee or other Fiduciary responsible for transferring Bonds or upon any transfer or exchange of any Bond Outstanding at such effective date, suitable notation shall be made on such Bond or upon any Bond issued upon any such transfer or exchange by the Trustee or other Fiduciary responsible for transferring Bonds as to any such action. If the Issuer or the Trustee shall so determine, new Bonds so modified as directed by the Trustee to conform to such action in the opinion of the Trustee and the Issuer shall be prepared, executed, authenticated and delivered, and upon demand of the owner Owner of any Bond then Outstanding shall be exchanged, without cost to such ownerBondowner, for Bonds Outstanding, upon surrender of such Outstanding Bond▇▇▇▇▇, for Bonds of the same Series and maturity then Outstanding.