Common use of Ownership and Transfer of Subscription Receipts Clause in Contracts

Ownership and Transfer of Subscription Receipts. The Trust and the Escrow Agent may deem and treat the registered owner of any Subscription Receipt Certificate or, in the case of a transferee who has surrendered a Subscription Receipt Certificate in accordance with and as contemplated in Sections 2.13 and 2.14, such transferee, as the absolute owner of the Subscription Receipt represented thereby for all purposes, and the Trust and the Escrow Agent shall not be affected by any notice or knowledge to the contrary except where the Trust or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction. A Receiptholder shall be entitled to the rights evidenced by such Subscription Receipt Certificate free from all equities or rights of set off or counterclaim between the Trust and the original or any intermediate holder thereof and all persons may act accordingly and the receipt of any such Receiptholder for the Units which may be acquired pursuant thereto shall be a good discharge to the Trust and the Escrow Agent for the same and neither the Trust nor the Escrow Agent shall be bound to inquire into the title of any such holder except where the Trust or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction.

Ownership and Transfer of Subscription Receipts. The Trust Corporation and the Escrow Subscription Receipt Agent may deem and treat the registered owner of any Subscription Receipt Certificate or, in the case of a transferee who has surrendered a Subscription Receipt Certificate in accordance with and as contemplated in Sections 2.13 and 2.14, such transferee, as the absolute owner of the Subscription Receipt represented thereby for all purposes, and the Trust Corporation and the Escrow Subscription Receipt Agent shall not be affected by any notice or knowledge to the contrary except where the Trust Corporation or the Escrow Subscription Receipt Agent is required to take notice by statute or by order of a court of competent jurisdiction. A Receiptholder shall be entitled to the rights evidenced by such Subscription Receipt Certificate free from all equities or rights of set off or counterclaim between the Trust Corporation and the original or any intermediate holder thereof and all persons Persons may act accordingly and the receipt of any such Receiptholder for the Units Common Shares which may be acquired pursuant thereto shall be a good discharge to the Trust Corporation and the Escrow Subscription Receipt Agent for the same and neither the Trust Corporation nor the Escrow Subscription Receipt Agent shall be bound to inquire into the title of any such holder except where the Trust Corporation or the Escrow Subscription Receipt Agent is required to take notice by statute or by order of a court of competent jurisdiction.

Ownership and Transfer of Subscription Receipts. The Trust Corporation and the Escrow Agent may deem and treat the registered owner of any Subscription Receipt Certificate or, in the case of a transferee who has surrendered a Subscription Receipt Certificate in accordance with and as contemplated in Sections 2.13 and 2.142.12, such transferee, as the absolute owner of the Subscription Receipt represented thereby for all purposes, and the Trust Corporation and the Escrow Agent shall not be affected by any notice or knowledge to the contrary except where the Trust Corporation or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction. A Receiptholder shall be entitled to the rights evidenced by such Subscription Receipt Certificate free from all equities or rights of set off or counterclaim between the Trust Corporation and the original or any intermediate holder thereof and all persons may act accordingly and the receipt of any such Receiptholder for the Units FT Common Shares which may be acquired pursuant thereto shall be a good discharge to the Trust Corporation and the Escrow Agent for the same and neither the Trust Corporation nor the Escrow Agent shall be bound to inquire into the title of any such holder except where the Trust Corporation or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction.

Ownership and Transfer of Subscription Receipts. The Trust Corporation and the Escrow Agent may deem and treat the registered owner of any Subscription Receipt Certificate or, in the case of a transferee who has surrendered a Subscription Receipt Certificate in accordance with and as contemplated in Sections 2.13 and 2.143.2 or 3.3, such transferee, as the absolute owner of the Subscription Receipt represented thereby for all purposes, and the Trust Corporation and the Escrow Agent shall not be affected by any notice or knowledge to the contrary except where the Trust Corporation or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction. A Receiptholder shall be entitled to the rights evidenced by such Subscription Receipt Certificate free from all equities or rights of set off or counterclaim between the Trust Corporation and the original or any intermediate holder thereof and all persons Persons may act accordingly and the receipt of any such Receiptholder for the Units Common Shares which may be acquired pursuant thereto shall be a good discharge to the Trust Corporation and the Escrow Agent for the same and neither the Trust Corporation nor the Escrow Agent shall be bound to inquire into the title of any such holder except where the Trust Corporation or the Escrow Agent is required to take notice by statute or by order of a court of competent jurisdiction.