Ord 1984-033 - Laserfiche WebLink

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when due interest on the Obligation or Obligations, such payment to be made by computing the amount of interest to be paid each Holder, preparing the checks and mailing the checks to the Holders of the Obligations (or their Predecessor Obligations), addressed to their address appearing on the Register, provided that the Bank shall have been provided by or on behalf of the Issuer adequate funds to make such payment. 3.02. Payment Dates. The Issuer hereby instructs the Bank to pay the principal of and interest on the Obligations at the dates specified in the Resolution. ARTICLE FOUR REGISTRAR 4.01. Transfer and Exchange. The Issuer shall keep the Register at the Bank Office and, subject to such reasonable written regulations as the Issuer may prescribe (which regulations shall be furnished the Bank herewith or subsequent hereto by Issuer order), the Issuer shall provide for the registration and transfer of the Obligations. The Bank is hereby appointed "Registrar" for the purpose of registering and transferring the Obligations as herein provided. T~e Bank agrees to maintain the Register while it is Registrar. Every Obligation surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, 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, in form satisfactory to the Bank, duly executed by the Holder thereof or his attorney duly authorized in writing. Upon delivery by the Holder of an Obligation to the Registrar for transfer or exchange, accompanied by instructions from the purchaser of such Obligation or his designee designating the persons, maturities, and principal amounts to and in which such Obligation is to be transferred and the addresses of such persons, the Registrar shall thereupon, within not more than three (3) business days, register and deliver such Obligations or Obligations upon authorization of the Issuer as provided in such instructions. The Bank, in its capacity as Registrar, may require any supporting documentation it feels necessary to effect a transfer and re-registration. 4.02. Obligations. The Issuer shall provide an adequate inventory of unregistered Obligations to facilitate transfers. The Bank covenants that it will maintain the unregistered Obligations in safekeeping and will use reasonable care in maintaining such unregistered Obligations in safekeeping, which shall not be less than the care it maintains for debt securities of other governments or -4-