Common use of Security Register Clause in Contracts

Security Register. The Company shall maintain a register (the “Security Register”) for the registration or transfer of the Notes. The name and address of the Holder of each Note, records of any transfers of the Notes and the name and address of any transferee of a Note shall be entered in the Security Register and the Company shall, promptly upon receipt thereof, update the Security Register to reflect all information received from a Holder. There shall be no more than one Holder for each Note, including all beneficial interests therein. The Company shall also enter in the Security Register the amount of any Capitalized Interest added to the principal amount of the Note on any Interest Accrual Date but failure to do so shall not affect the accrual or the enforceability of a claim with respect to such Capitalized Interest.