Res 1988-107 - Laserfiche WebLink

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ARTICLE FOUR REGISTRAR Section 4.01. Transfer and Exchange. The issuer shall keep at the Bank Office a register (herein sometimes referred to as the "Security Register") in which, subject to such reasonable written regulations as the Issuer or the Bank may prescribe (which Issuer regulations if furnished to the Bank herewith are annexed hereto as Annex C or if furnished to the Bank subsequent hereto shall be furnished by Issuer Order), the Issuer shall provide for the registration of Securities and of transfers of Securities. The Bank is hereby appointed "Registrar" for the purpose of registering Securities and transfers of Securities as herein provided. The Bank agrees to maintain the Security Register in accordance with the terms of this Agreement while it is Registrar. Every Security surrendered for transfer or exchange shall be surrendered to the Bank at its Bank Office duly endorsed for transfer or exchange, or accompanied by a written instrument of transfer, in form satisfactory to the Bank, duly executed by the Holder thereof or his attorney duly authorized in writing, the signature on which has been guaranteed by an officer of a federal or state bank or a member of the National Association of Securities Dealers. Upon surrender for transfer or exchange of any Security in accordance with the preceding sentence, the Bank shall register and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same maturity, of any authorized and of a life aggregate principal amount, bearing a number (according to the Security Register) not contemporaneously outstanding. The Registrar may request any supporting documentation it feels necessary to effect a re-registration. The Bank will not be responsible for the validity of any transfer of Securities, the genuineness of the endorsement, the authority of the 'transferor, or the payment of any applicable tax. The Registrar shall not be required to exchange, register or re-register the transfer of any Security during the period beginning on a Record Date and ending on the next succeeding interest payment date or for a period of fifteen days next preceding the selection of any Securities to be redeemed or thereafter until the first publication or mailing of notice of such redemption. Section 4.02. Certificates. The Issuer shall provide an adequate inventory of Securities certificates to facilitate transfers. The Bank covenants that it will maintain Securities certificates in safekeeping and will use reasonable care in maintaining such Securities certificate in safekeeping, which shall be not less than the care it maintains for debt securities certificates of other governments or corporations for which it serves as registrar. TD702/17