Common use of Registration, Transfers and Exchanges Clause in Contracts

Registration, Transfers and Exchanges. (a) The Fiscal Agent, as Agent of the Province for the purpose of registration of the Debentures, (in such capacity the “registrar” of the Debentures), shall at all times keep at its Principal Office a register or registers (hereinafter the “Register” or “Registers”) for the registration and registration of transfers and exchanges of Debentures, in which shall be entered the names and addresses of the registered holders of Debentures and the principal amounts of and other particulars of the Debentures held by them. Subject to Section 6 hereof, upon surrender for registration of any transfer of any Debenture at said office, the Fiscal Agent as registrar shall countersign, register and deliver, in the name of the transferee or transferees, a new Debenture or Debentures for a like aggregate principal amount. Subject to Section 6 hereof, upon surrender of any Debenture at said office for exchange, the Fiscal Agent as registrar shall countersign, register and deliver, in exchange for such Debenture, a new Debenture or new Debentures of the appropriate authorized denomination(s) and for a like aggregate principal amount, in accordance with the provisions of the Debentures. The Province and the Fiscal Agent as registrar shall not be required to make any exchange of Debentures if as a result thereof, the Province 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 Fiscal Agent, as Agent of the Province for the purpose of registration of the Debentures, (in such capacity the “registrar” of the Debentures), shall at all times keep at its Principal Office a register or registers (hereinafter the “Register” or “Registers”) for the registration and registration of transfers and exchanges of Debentures, in which shall be entered the names and addresses of the registered holders of Debentures and the principal amounts of and other particulars of the Debentures held by them. Subject to Section 6 hereof, upon surrender for registration of any transfer of any Debenture at said office, the Fiscal Agent as registrar shall countersign, register and deliver, in the name of the transferee or transferees, a new Debenture or Debentures for a like aggregate principal amount. Subject to Section 6 hereof, upon surrender of any Debenture Xxxxxxxxx at said office for exchange, the Fiscal Agent as registrar shall countersign, register and deliver, in exchange for such Debenture, a new Debenture or new Debentures of the appropriate authorized denomination(s) and for a like aggregate principal amount, in accordance with the provisions of the Debentures. The Province and the Fiscal Agent as registrar shall not be required to make any exchange of Debentures if as a result thereof, the Province would incur adverse tax or other similar consequences under the laws or regulations of any jurisdiction in effect at the time of the exchange.