Common use of Temporary Receipts Clause in Contracts

Temporary Receipts. The Receipts may be initially delivered in temporary form exchangeable for definitive Receipts when ready for delivery, which temporary Receipts shall be printed, lithographed or typewritten, shall be of such denominations as may be determined by the Trustee, shall be in fully registered form and shall contain such reference to any of the provisions hereof as may be appropriate. Every temporary Receipt shall be executed and delivered by the Trustee upon the same conditions and terms and in substantially the same manner as definitive Receipts. If temporary Receipts are issued, the Trustee will execute and deliver definitive Receipts without delay, and in that case upon demand of the Holder of any temporary Receipts such temporary Receipts shall be exchanged without cost to such Holder for definitive Receipts at the office of the Trustee upon surrender of such temporary Receipts, and until so exchanged such temporary Receipts shall be entitled to the same benefit, protection and security hereunder as the definitive Receipts executed and delivered hereunder. All temporary Receipts surrendered pursuant to the provisions of this Section 2.11 shall be canceled by the Trustee, shall not be redelivered and shall be destroyed by the Trustee.