Common use of Reliance on Named Holder Clause in Contracts

Reliance on Named Holder. Prior to due presentment for the registration of a transfer of this Note, the Company may deem and treat the person in whose name this Note is registered as the absolute owner of this Note for the purpose of receiving payments of principal and interest and for all other purposes.

Appears in 2 contracts

Sources: Intercreditor and Subordination Agreement (USMD Holdings, Inc.), Intercreditor and Subordination Agreement (USMD Holdings, Inc.)

Reliance on Named Holder. Prior to due presentment for the registration of a transfer of this any Note, the Company may deem and treat the person in whose name this Note is registered as the absolute owner of this Note for the purpose of receiving payments of principal and interest and for all other purposes.

Appears in 1 contract

Sources: Intercreditor and Subordination Agreement (USMD Holdings, Inc.)