Common use of EXCHANGE CERTIFICATES Clause in Contracts

EXCHANGE CERTIFICATES. The Chargee shall have the right at any time to exchange certificates or other documents of title (if any) representing or evidencing Charged Assets for certificates or documents of title (if any) of smaller or larger denominations to represent any smaller or larger number of ordinary shares that may be issued to the Chargor in respect of the Charged Assets, as may be reflected on the register of members of the Charged Company from time to time.

EXCHANGE CERTIFICATES. The Chargee shall have the right at any time to exchange certificates or other documents of title (if any) instruments representing or evidencing Charged Assets for certificates or documents of title (if any) instruments of smaller or larger denominations to represent any smaller or larger number of ordinary shares that may be issued to the Chargor in respect of the Charged Assetseither Chargor, as may be reflected on the register of members of the Charged Company from time to time.