Common use of Bonds Mutilated, Destroyed, Stolen or Lost Clause in Contracts

Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Authority shall execute, and the Trustee shall authenticate and deliver, a new Bond of like series, maturity and Principal Amount as the Bonds so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Bond, upon surrender and cancellation of such mutilated Bond or in lieu of and substitution for the Bond destroyed, stolen or lost, upon filing with the Trustee evidence satisfactory to the Trustee that such Bond has been destroyed, stolen or lost and proof of ownership thereof, and upon furnishing the Trustee with indemnity for the Authority and the Trustee satisfactory to the Trustee and complying with such other reasonable regulations as the Trustee may prescribe and paying such expenses as the Authority and the Trustee may incur and any expenses related to any such indemnification required to be provided herein.

Appears in 4 contracts

Samples: www.icfauthority.org, www.icfauthority.org, www.icfauthority.org

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Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Authority Trust shall execute, and thereupon the Master Trustee shall authenticate and deliver, a new Bond of like seriesSeries, maturity maturity, principal amount and Principal Amount tenor as the Bonds Bond so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Bond, upon surrender and cancellation of such mutilated Bond or in lieu of and a substitution for the Bond destroyed, stolen or lost, upon filing with the Master Trustee evidence satisfactory to the Trust and the Master Trustee that such Bond has been destroyed, stolen or lost and proof of ownership thereof, and upon furnishing the Trust and the Master Trustee with indemnity for the Authority and the Trustee satisfactory to the Trustee them and complying with such other reasonable regulations as the Trust and the Master Trustee may prescribe and paying such expenses as the Authority Trust and the Master Trustee may incur including the expenses, if any, of printing and any expenses related delivering such new Bond. All Bonds so surrendered to any such indemnification required to the Master Trustee shall be provided hereincancelled by it.

Appears in 3 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Authority shall execute, and thereupon the Trustee shall authenticate and deliver, a new Bond of like seriesSeries, maturity maturity, principal amount and Principal Amount tenor as the Bonds Bond so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Bond, upon surrender and cancellation of such mutilated Bond or in lieu of and a substitution for the Bond destroyed, stolen or lost, upon filing with the Trustee evidence satisfactory to the Authority and the Trustee that such Bond has been destroyed, stolen or lost and proof of ownership thereof, and upon furnishing the Trustee with indemnity for the Authority and the Trustee with indemnity satisfactory to the Trustee them and complying with such other reasonable regulations as the Authority and the Trustee may prescribe and paying such expenses as the Authority and the Trustee may incur including the expenses, if any, of printing and any expenses related delivering such new Bond. All Bonds so surrendered to any such indemnification required to the Trustee shall be provided hereincancelled by it.

Appears in 1 contract

Samples: Trust Agreement

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