Common use of Registration, Transfer and Exchange of Certificates Clause in Contracts

Registration, Transfer and Exchange of Certificates. (a) USHG shall maintain at the Option Office an Option Register for registration of the Options and transfers thereof. USHG may deem and treat the registered Holder(s) of the Options as the absolute owner(s) thereof for the purpose of any exercise thereof or any distribution to the Holder(s) thereof, and for all other purposes. (b) USHG shall register the transfer of any outstanding Option in the Option Register upon surrender to USHG at the Option Office of such Option, accompanied (if so required by it) by one or more duly executed instruments of transfer in form satisfactory to USHG. Upon any such registration of transfer, one or more new Option(s) evidencing such transferred Option shall be issued to the transferee(s) and the surrendered Option shall be canceled. If less than all of a surrendered Option is to be transferred, new Option(s) shall be issued to the surrendering Holder evidencing the remaining balance of the surrendered Option. (c) Each Option may, at the option of the Holder(s) thereof, be surrendered to USHG at the Option Office to be exchanged for one or more new Options of like tenor and exercisable in the aggregate for a like number of Option Securities. Options surrendered for exchange shall be canceled. (d) No charge shall be made for any such transfer or exchange except for any tax or other governmental charge imposed in connection therewith. Except as provided in Section 11 or 12 of the Purchase Agreement, each Option issued upon transfer or exchange shall bear any legend required by Section 11.3 of the Purchase Agreement if the Option presented for transfer or exchange bore such legend.

Registration, Transfer and Exchange of Certificates. (a) USHG EGP shall maintain at the Option Office an Option Register for registration of the Options and transfers thereof. USHG EGP may deem and treat the registered Holder(s) of the Options as the absolute owner(s) thereof for the purpose of any exercise thereof or any distribution to the Holder(s) thereof, and for all other purposes. (b) USHG EGP shall register the transfer of any outstanding Option in the Option Register upon surrender to USHG EGP at the Option Office of such Option, accompanied (if so required by it) by one or more duly executed instruments of transfer in form satisfactory to USHGEGP. Upon any such registration of transfer, one or more new Option(s) evidencing such transferred Option shall be issued to the transferee(s) and the surrendered Option shall be canceled. If less than all of a surrendered Option is to be transferred, new Option(s) shall be issued to the surrendering Holder evidencing the remaining balance of the surrendered Option. (c) Each Option may, at the option of the Holder(s) thereof, be surrendered to USHG EGP at the Option Office to be exchanged for one or more new Options of like tenor and exercisable in the aggregate for a like number of Option Securities. Options surrendered for exchange shall be canceled. (d) No charge shall be made for any such transfer or exchange except for any tax or other governmental charge imposed in connection therewith. Except as provided for in Section 11 or 12 of the Purchase Agreementprovisions set forth on Exhibit C hereto, each Option issued upon transfer or exchange shall bear any the legend required by set forth in Section 11.3 of the Purchase Agreement 4 if the Option presented for transfer or exchange bore such legend.