Common use of CERTIFICATES AND SPLIT OF CERTIFICATES Clause in Contracts

CERTIFICATES AND SPLIT OF CERTIFICATES. For the Bonds registered in the name of one holder, one certificate shall be issued to him, or, at his request, a number of certificates shall be issued to him (the certificates referred to in this section shall be hereinafter referred to as: the "CERTIFICATES"). Each certificate may be split into certificates such that the total par value of the Bonds included therein equals the amount of the par value of the Bonds included in the certificate sought to be split. The split will be performed in accordance with a split application signed by the registered owner of the Bonds, forming the subject matter of the certificate sought to be split, against submission of the certificate sought to be split to the Company at its registered office. The split shall be effected within 30 days from the end of the month in which the certificate was delivered, together with its split applications, to the Company's registered office. The new Bonds certificates that will be issued in the wake of the split, shall each be for a par value amount in whole New Shekels. All expenses relating to the split, including Stamp Duty and other levies, if any, shall apply to the holder seeking the split.

CERTIFICATES AND SPLIT OF CERTIFICATES. For the Bonds registered in the name of one holder, one certificate shall be issued to him, or, at his request, a number of certificates shall be issued to him (the certificates referred to in this section shall be hereinafter referred to as: the "CERTIFICATES"“Certificates”). Each certificate may be split into certificates such that the total par value of the Bonds included therein equals the amount of the par value of the Bonds included in the certificate sought to be split. The split will be performed in accordance with a split application signed by the registered owner of the Bonds, forming the subject matter of the certificate sought to be split, against submission of the certificate sought to be split to the Company at its registered office. The split shall be effected within 30 days from the end of the month in which the certificate was delivered, together with its split applications, to the Company's ’s registered office. The new Bonds certificates that will be issued in the wake of the split, shall each be for a par value amount in whole New Shekels. All expenses relating to the split, including Stamp Duty and other levies, if any, shall apply to the holder seeking the split.