Common use of Exchange of Special Warrant Certificates Clause in Contracts

Exchange of Special Warrant Certificates. 3.2.1 One or more Special Warrant Certificates may at any time prior to the Release Deadline, on compliance with the reasonable requirements of the Special Warrant Agent, be exchanged for one or more Special Warrant Certificates of different denominations representing in the aggregate the same number of Special Warrants as the Special Warrant Certificate or Special Warrant Certificates being exchanged. 3.2.2 Special Warrant Certificates may be exchanged only at the principal office in Montreal, Quebec of the Special Warrant Agent, at the branch office in Toronto, Ontario or at any other place designated by the Corporation with the approval of the Special Warrant Agent. 3.2.3 Any Special Warrant Certificate tendered for exchange pursuant to this Section 3.2 shall be surrendered to the Special Warrant Agent and cancelled. 3.2.4 The Corporation will sign all Special Warrant Certificates in accordance with Section 2.7 hereof necessary to carry out exchanges pursuant to this Section 3.2 and such Special Warrant Certificates will be certified by the Special Warrant Agent. 3.2.5 Special Warrant Certificates exchanged for Special Warrant Certificates that bear any of the legends set forth in Section 2.6.2, 2.6.3 or 2.6.4 hereof shall, if applicable, bear the same legends.