Common use of Exchange of Subscription Receipts Clause in Contracts

Exchange of Subscription Receipts. (1) One or more Subscription Receipt Certificate(s) may, upon compliance with the requirements of the Subscription Receipt Agent, acting reasonably, be exchanged for one or more Subscription Receipt Certificates of different denomination(s) evidencing in the aggregate an equal number of Subscription Receipts as the number of Subscription Receipts represented by the Subscription Receipt Certificates being exchanged. (2) Subscription Receipt Certificates may be exchanged only at the principal transfer office of the Subscription Receipt Agent in the city of V▇▇▇▇▇▇▇▇, ▇.▇. ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ or at any other place that is designated by the Corporation in writing with the approval of the Subscription Receipt Agent. Any Subscription Receipt Certificates tendered for exchange shall be surrendered to the Subscription Receipt Agent or to its agent and cancelled. The Corporation shall sign all Subscription Receipt Certificates necessary to carry out exchanges as aforesaid and those Subscription Receipt Certificates shall be certified by or on behalf of the Subscription Receipt Agent. (3) Subscription Receipt Certificates issued in exchange for Subscription Receipt Certificates in accordance with this section shall bear the legends set forth in subsection 2.8(1) and, if applicable, 2.8(2).