Exchange and Transfer Clause Samples

Exchange and Transfer. 8 SECTION 4.02. Treatment of Holders of Warrant Certificates...................9 SECTION 4.03.

Exchange and Transfer. SECTION 4.01.

Exchange and Transfer. This Certificate, at any time prior to the exercise hereof, upon presentation and surrender to the Company, may be exchanged, alone or with other certificates of like tenor registered in the name of the same Warrant Holder, for another Certificate or Certificates of like tenor in the name of such Warrant Holder exercisable for the aggregate number of Warrant Shares as the Certificate or Certificates surrendered.

Exchange and Transfer. At the option of the registered holder, any bonds of 2023 Series B, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, the City and State of New York, together with a written instrument of transfer (if so required by the Company or by the Trustee) in form approved by the Company duly executed by the holder or by its duly authorized attorney, shall be exchangeable for a like aggregate principal amount of bonds of 2023 Series B upon the terms and conditions specified herein and in Section 7 of Article II of the Indenture. The Company waives its rights under Section 7 of Article II of the Indenture not to make exchanges or transfers of bonds of 2023 Series B during any period of ten (10) days next preceding any redemption date for such bonds. Bonds of 2023 Series B, in definitive and temporary form, may bear such legends as may be necessary to comply with any law or with any rules or regulations made pursuant thereto. FORM OF BONDS OF 2023 SERIES B. SECTION 4. The bonds of 2023 Series B and the form of Trustee’s Certificate to be endorsed on such bonds shall be substantially in the following forms, respectively: CUSIP $______________ No. R-___ DTE ELECTRIC COMPANY (hereinafter called the “Company”), a corporation of the State of Michigan, for value received, hereby promises to pay to [Cede & Co.], or registered assigns, at the Company’s office or agency in the Borough of Manhattan, the City and State of New York, the principal sum of ___________ dollars ($_______) in lawful money of the United States of America on April 1, 2053 (subject to earlier redemption) and interest thereon at the rate of 5.40% per annum, in like lawful money, from March 3, 2023 and after the first payment of interest on bonds of this Series has been made or otherwise provided for, from the most recent date to which interest has been paid or otherwise provided for, semi-annually on April 1 and October 1 of each year (commencing October 1, 2023), until the Company’s obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned and in the supplemental indenture pursuant to which this bond has been issued. This bond is one of an authorized issue of bonds of the Company, unlimited as to amount except as provided in the Indenture hereinafter mentioned or any indentures supplemental thereto, and is one of a series of Gene...

Exchange and Transfer. (a) [Upon] [Prior to the Detachable Date, a Warrant Certificate [in registered form] may be exchanged or transferred only together with the Offered Security to which such Warrant Certificate was initially attached, and only for the purpose of effecting, or in conjunction with, an exchange or transfer of such Offered Security. Prior to the Detachable Date, the transfer of the beneficial ownership of any Warrant evidenced by the Global Warrant Certificate shall effect and shall be deemed to effect the transfer of the beneficial ownership of any Offered Securities evidenced by the Temporary Global Security that are attached to such Warrants. Prior to any Detachable Date, each transfer of the Offered Security [on the register maintained with respect to the Offered Securities, in the case of an Offered Security that is in registered form], shall operate to also transfer the related Warrant Certificates. Similarly, prior to the Detachable Date, the transfer of the beneficial ownership of any Offered Security evidenced by the Temporary Global Security shall be deemed to be the transfer of the beneficial ownership of any Warrants evidenced by the Global Warrant Certificate that are attached to such Offered Securities. The transfer of the beneficial ownership of Warrants and Warrant Securities hereunder shall be effected only as provided in Section 4.01. On or after the Detachable Date, upon] surrender at the corporate trust office of the Warrant Agent at [address] [or ___________], Warrant Certificates [in registered form] evidencing Warrants may be exchanged for Warrant Certificates [in registered form] in other authorized denominations evidencing such Warrants or the transfer thereof may be registered in whole or in part; provided, however, that such other Warrant Certificates shall evidence the same aggregate number of Warrants as the Warrant Certificates so surrendered. (b) The Warrant Agent shall keep, at its corporate trust office at [address] [and at _________], books in which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates [in registered form] and exchanges and transfers of outstanding Warrant Certificates [in registered form] upon surrender of such Warrant Certificates to the Warrant Agent at its corporate trust office at [address] or [_________] for exchange or registration of transfer, properly endorsed [or accompanied by appropriate instruments of registration of transfer and written instructions for ...

Exchange and Transfer. (a) This Warrant Agreement may be exchanged for other Warrant Agreements representing an equal aggregate number of Warrants of the same class or may be transferred in whole or in part. Warrant Agreements to be exchanged shall be surrendered to the Company at its Corporate Office, and upon satisfaction of the terms and provisions hereof, the Company shall execute deliver in exchange therefor the Warrant Agreement or Agreements which the Warrant Holder making the exchange shall be entitled to receive. (b) Upon due presentment for transfer of any Warrant, the Company shall execute and deliver to the transferee or transferees a new Warrant Agreement or Agreements representing an equal aggregate number of Warrants. (c) With respect to all Warrant Agreements presented for transfer, or for exchange or exercise, the subscription form in the form annexed hereto as Annex A shall be duly endorsed, or be accompanied by a written instrument or instruments of transfer and subscription, in form satisfactory to the Company, duly executed by the Warrant Holder or his attorney-in-fact duly authorized in writing. (d) The Company may require payment by a Warrant Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any exchange or transfer. (e) Prior to due presentment for transfer thereof, the Company may deem and treat the Warrant Holder of any Warrant Agreement as the absolute owner thereof and of each Warrant represented thereby (notwithstanding any notations of ownership or writing thereon made by anyone other than a duly authorized officer of the Company) for all purposes and shall not be affected by any notice to the contrary.

Exchange and Transfer. 19 Section 4.2 Treatment of Holders of Warrant Certificates................................................21

Exchange and Transfer. 8 Sec. 3. Consent............................................. 8 Sec. 4. Form of Bonds of 1993 Series D...................... 9 Form of Trustee's Certificate....................... 14 PART II. RECORDING AND FILING DATA Recording and filing of Original Indenture.................. 14

Exchange and Transfer. The Holder of Record of this Note may, --------------------- prior to maturity or prepayment thereof, surrender the Note held by him for exchange, at the office designated by the Company pursuant to Section 3.2 hereof. Within a reasonable time thereafter and without expense (other than transfer taxes, if any) to such Holder of Record, the Company shall issue in exchange thereof, or in exchange for the portion thereof not surrendered in payment as aforesaid (as the case may be), in such denominations and made payable to such person or persons, or order, as such Holder of Record shall designate, a Note or Notes for the same aggregate principal amount as the unpaid principal amount of the Note or Notes so surrendered, having the same maturity and rate of interest, containing the same provisions and subject to the same terms and conditions as the Note or Notes as surrendered.