Ord 1987-111 - Laserfiche WebLink

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other governments or corporations for which it serves as registrar. or which it maintains for its own securities. Section 4.03. Form of Register. (a) The Bank as Registrar will maintain the records of the Register in accordance with the Bank's general practices and procedures in effect from time to time. The Bank sha11 not be obligated to maintain such Register in any form other than a form which the Bank has currently available and currently utilizes at the time. (b) The Register may be maintained in written form or in any other form capable of being converted into written form within a reasonable time. Section 4.04. List of Owners. (a) The Bank wiU provide the Issuer at any time requested by the Issuer, upon payment of the cost. if any, of reproduction, a copy of the information contained in the Register. The Issuer may also inspect the information in the Register at any time the Bank is customarily open for business, provided that reasonable time is allowed the Bank to provide an up-to-date listing or to convert the information into written form. (b) The Bank will not release or disclose the content of the Register to any person other than to. or at the written request of. an authorized officer or employee of the Issuer. except upon receipt of a subpoena or court order. Upon receipt of a subpoena or court order the Bank will notify the Issuer so that the Issuer may contest the subpoena or court order. Section 4.05. Cancellation of Obligations. All Obligations surrendered for payment, redemption, transfer. exchange, or replacement, if surrendered to the Bank, sha11 be promptly cancel1ed by it and. if surrendered to the Issuer, shall be delivered to the Bank and, if not already cancelled, shaH be prornptJy cancelled by the Bank. The Issuer may at any time deliver to the Bank for cance11ation any Obligations previously certified or registered and delivered which the Issuer may have acquired in any manner whatsoever. and a11 Obligations so delivered shall be promptly cance11ed by the Bank. An cance11ed Obligations held by the Bank sha11 be disposed of as directed by the Issuer. Section 4.06. Mutilated. Destroyed. Lost. or Stolen Obligations. (a) Subject to the provisions of this Section 4.06, the Issuer hereby instructs the Bank to deliver fu11y registered Obligations in exchange for or in lieu of mutilated, destroyed. lost or stolen Obligations as long as the same does not result in an overissuance. . (b) If (i) any mutilated Obligation is surrendered to the Bank. or the Issuer and the Bank receive evidence to their satisfaction of the destruction, loss. or theft of any Obligation, and (ii) there is delivered to the Issuer and the Bank such security or indemnity as may be required by the Bank to save and hold each of them harmless. then, in the absence of notice to the Issuer or the Bank that such Obligation has been acquired by a bona fide purchaser, the Issuer sha11 execute and upon its request the Bank sha11 register and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost, or stolen Obligation, a new Obligation of the same 2059f -5-