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.

Appears in 3 contracts

Samples: Subscription Receipt Agreement (Crosshair Exploration & Mining Corp), Subscription Receipt Agreement (Crosshair Exploration & Mining Corp), Subscription Receipt Agreement (Crosshair Exploration & Mining Corp)

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Exchange of Subscription Receipts. (1) One or more Subscription Receipt Certificate(s) Certificates may, upon compliance with the requirements of the Subscription Receipt and Escrow 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 so exchanged.

Appears in 1 contract

Samples: Receipt and Escrow Agreement (Liberty Silver Corp)

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