Common use of Transfer of Certificate Clause in Contracts

Transfer of Certificate. (a) The Voting Trust Certificate may not be transferred to any person, provided that upon written notice to the Voting Trustee and surrender of the Voting Trust Certificate duly endorsed by the Investor, it may be transferred to the limited partners of the Investor and further transferred to the members of a limited partner's immediate family or a trust for the benefit of the members of a limited partner's immediate family. Subject to the foregoing limitation, the Voting Trust Certificate shall be transferable on the transfer books of the Voting Trustee and the Voting Trustee may treat the registered holders as owners thereof for all purposes whatsoever, except that it shall not be required to deliver Shares hereunder without the surrender of Voting Trust Certificates. (b) If a Voting Trust Certificate is lost, stolen, mutilated or destroyed, the Voting Trustee, in its discretion, may issue a duplicate of such certificate upon receipt of: (i) evidence of such fact satisfactory to it; (ii) indemnity satisfactory to it; (iii) the existing certificate, if mutilated; and (iv) its reasonable out of pocket expenses in connection with the issuance of a new Voting Trust Certificate.