Common use of Registration, Transfers and Exchanges Clause in Contracts

Registration, Transfers and Exchanges. (a) The Registrar, as agent of CMHC for such purpose, shall at all times keep at its principal offices in the City of London, England, a register or registers (hereinafter the "REGISTER" or "REGISTERS") for the registration of Bonds and registration of transfers and exchanges of Bonds, in which shall be entered the names and addresses of the registered holders of Bonds and the particulars of the Bonds held by them. Subject to Section 6 hereof, upon surrender for registration of transfer of any Bond at said office, the Registrar shall authenticate, register and deliver, in the name of the transferee or transferees, a new Bond or Bonds for a like aggregate principal amount. Subject to Section 6 hereof, upon surrender of any Bond at said office for exchange, the Registrar shall authenticate, register and deliver, in exchange for such Bond, a new Bond or Bonds of the appropriate authorized denomination(s) and for a like aggregate principal amount in accordance with the provisions of the Bonds. CMHC and the Registrar shall not be required to make any exchange of Bonds if as a result thereof, CMHC would incur adverse tax or other similar consequences under the laws or regulations of any jurisdiction in effect at the time of the exchange.

Registration, Transfers and Exchanges. (a) The Registrar, as agent of CMHC for such purpose, shall at all times keep at its principal offices in the City of London, England, a register or registers (hereinafter the "REGISTER" or "REGISTERS") for the registration of Bonds and registration of transfers and exchanges of Bonds, in which shall be entered the names and addresses of the registered holders of Bonds and the particulars of the Bonds held by them. Subject to Section 6 hereof, upon surrender for registration of transfer of any Bond at said office, the Registrar shall authenticate, register and deliver, in the name of the transferee or transferees, a new Bond or Bonds for a like aggregate principal amount. Subject to Section 6 hereof, upon surrender of any Bond Xxxx at said office for exchange, the Registrar shall authenticate, register and deliver, in exchange for such Bond, a new Bond or Bonds of the appropriate authorized denomination(s) and for a like aggregate principal amount in accordance with the provisions of the Bonds. CMHC and the Registrar shall not be required to make any exchange of Bonds if as a result thereof, CMHC would incur adverse tax or other similar consequences under the laws or regulations of any jurisdiction in effect at the time of the exchange.