Common use of Registration, Transfer and Exchange of Notes Clause in Contracts

Registration, Transfer and Exchange of Notes. (a) The Trustee shall cause to be kept at its Corporate Trust Office a Note Register (the "Note Register") in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the recordation of Notes and of transfers, pledges and exchanges of Notes as herein provided. Each Note shall be held, transferred, and exchanged through the book-entry facilities of the Trustee in accordance with its customary procedures. (b) At the option of the Noteholders, Notes may be transferred to another Broker/Dealer or exchanged for other Notes in the same series and of the same class in authorized denominations evidencing the same aggregate principal amount, interest rate and maturity (subject to Section 2.01(f)) in accordance with the customary procedures of the Trustee with respect to the transfer or exchange of book-entry obligations. All Notes canceled by the Trustee in connection with a transfer or Exchange of Notes shall not be entitled to payment of principal and shall have no further legal rights or effect.