Common use of Exchange of Subscription Receipt Certificates Clause in Contracts

Exchange of Subscription Receipt Certificates. (a) Any one or more Subscription Receipt Certificates representing any number of Subscription Receipts may, upon compliance with the reasonable requirements of the Subscription Receipt Agent, acting reasonably, be exchanged for one or more other Subscription Receipt Certificates of different denominations (excluding fractions), bearing the same legends, representing the same aggregate number of Subscription Receipts as represented by the Subscription Receipt Certificate or Subscription Receipt Certificates so exchanged. The Corporation shall issue, and the Subscription Receipt Agent shall countersign, all Subscription Receipt Certificates necessary to carry out exchanges as aforesaid. (b) Subscription Receipt Certificates may be exchanged only at the Subscription Receipt Agent’s Office or at any other place that is designated by the Corporation with the approval of the Subscription Receipt Agent. Any Subscription Receipt Certificate tendered for exchange shall be cancelled and surrendered by the Subscription Receipt Agent’s Office to the Subscription Receipt Agent.

Exchange of Subscription Receipt Certificates. (a) Any one or more Subscription Receipt Certificates representing any number of Subscription Receipts may, upon compliance with the reasonable requirements of the Subscription Receipt Agent, acting reasonably, be exchanged for one or more other Subscription Receipt Certificates of different denominations (excluding fractions)denominations, bearing the same legends, representing the same aggregate number of Subscription Receipts as represented by the Subscription Receipt Certificate or Subscription Receipt Certificates so exchanged. The Corporation Company shall issue, issue and the Subscription Receipt Agent shall countersign, countersign all Subscription Receipt Certificates necessary to carry out exchanges as aforesaid. (b) Subscription Receipt Certificates may be exchanged only at the Subscription Receipt Agent’s Office Agency or at any other place that is designated by the Corporation Company with the approval of the Subscription Receipt Agent. Any Subscription Receipt Certificate tendered for exchange shall be cancelled and surrendered by the Subscription Receipt Agent’s Office Agency to the Subscription Receipt Agent.