Common use of Processing of Transfers Clause in Contracts

Processing of Transfers. Subject to the provisions of Section 206(D) hereof, the Trustee represents to and covenants with the Issuer and the Bondholders that it will take all reasonable action required and capable of performance on its part to process transfers of Bonds within three (3) Business Days hours of receipt of a request therefor.

Appears in 2 contracts

Sources: Trust Indenture (Plug Power Inc), Trust Indenture (Mechanical Technology Inc)

Processing of Transfers. Subject to the provisions of Section 206(D) hereof, the Trustee represents to and covenants with the Issuer and the Bondholders that it will take all reasonable action required and capable of performance on its part to process transfers of Bonds within three (3) Business Days hours of receipt of a request therefor.

Appears in 1 contract

Sources: Trust Indenture (Angiodynamics Inc)