Common use of Transfer of the Debentures Clause in Contracts

Transfer of the Debentures. 8.1. Pursuant to section 8.3 above, the Debentures are transferable in respect of any amount of nominal value, provided that this is in whole new shekels. Every transfer of Debentures shall be made in accordance with a deed of transfer drawn up in the usual form for the transfer of shares, duly signed by the registered owner or his legal representatives, and by the transferee or his legal representatives, which shall be delivered to the Company at its registered office accompanied by the certificates of the Debentures being transferred pursuant thereto, as well as any other reasonable proof that may be demanded by the Company for proving the transferor’s right to transfer them. Subject to the foregoing, the procedural provisions contained in the Company’s Articles in regard to the manner of transfer of shares shall apply, with the required changes, as the case may be, with respect to the manner of transfer and transmission of the Debentures. 8.2. If any mandatory payment applies to the deed of transfer of the Debentures, the company will be given proof of their payment by the requester of the transfer, which will be to the satisfaction of the Company 8.3. In the case of a transfer of only part of the sum of the specified principal of the Debentures in the Certificate, the Certificate will be split first as specified in Section 9 below into a number of Debenture Certificates as required thereby, in such a manner that the total sums of the principal specified therein is equal to the sum of the specified principal of the said Debenture Certificate. 8.4. After fulfillment of all of the conditions stated above, the transfer will be registered in the Register and all the conditions set forth in the Deed of Trust and in this Debenture will apply to the transferee. 8.5. All the expenses and commissions connected with the transfer shall be borne by the person requesting the transfer

Transfer of the Debentures. 8.1. Pursuant to section 8.3 above, the 8.1 The Debentures are transferable in respect of any amount of nominal par value, provided that this is in whole new shekels. Every transfer of Debentures shall be made in accordance with a deed of transfer drawn up in the usual form for the transfer of shares, duly signed by the registered owner or his legal representatives, and by the transferee or his legal representatives, which shall be delivered to the Company at its registered office accompanied by the certificates of the Debentures being transferred pursuant thereto, as well as any other reasonable proof that may be demanded by the Company for proving the transferor’s right to transfer themsame. Subject to the foregoing, the procedural provisions contained in the Company’s Articles in regard to the manner of transfer of shares shall apply, with the required changes, mutatis mutandis as the case may be, with respect to the manner of transfer and transmission of the Debentures. 8.2. 8.2 If any mandatory compulsory payment applies to is imposed on the deed of transfer of the Debentures, reasonable proof shall be delivered to the company will be given proof of their Company regarding the payment thereof by the requester of party requesting the transfer, which will be to the satisfaction of the Company. 8.3. 8.3 In the case of a the transfer of only part portion of the sum amount of the specified principal par value of the Debentures contained in the Certificatethis certificate, the Certificate will certificate shall first be split first as specified in Section accordance with the provisions of Paragraph 9 below into a the number of Debenture Certificates as required therebydebenture certificates necessitated by this, in such a manner that the total sums aggregate amounts of principal denominated therein will be equal to the amount of the principal specified therein is equal to denominated in the sum of the specified principal of the said Debenture Certificateaforesaid debenture certificate. 8.4. 8.4 After fulfillment of all of the these conditions stated abovehave been complied with, the transfer will be registered in the Register register and all the conditions set forth in the Deed of Trust and in this Debenture debenture will apply to the transferee. 8.5. 8.5 All the expenses and commissions connected with the transfer shall be borne by the person requesting the transfer.