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 Issuer shall execute, and the Trustee shall authenticate, a new Bond of like series, interest rate, maturity, principal amount and other terms as the Bond so mutilated, destroyed, stolen or lost. In the case of a mutilated Bond, such new Bond shall be delivered only upon surrender and cancellation of such mutilated Bond. In the case of a Bond issued in substitution for a Bond that has been destroyed, stolen or lost, such new Bond shall be delivered only upon the filing of evidence with the Trustee satisfactory to establish to the Issuer and the Trustee that such Bond has been destroyed, stolen or lost and to prove the ownership thereof and upon furnishing the Issuer and the Trustee with indemnity satisfactory to them. The person requesting the authentication and delivery of a new Bond pursuant to this Section shall comply with such other reasonable requirements as the Issuer and the Trustee may prescribe and pay such expenses as the Issuer and the Trustee may incur in connection therewith. All Bonds surrendered to the Trustee shall be cancelled by it. Evidence of such cancellation shall be given to the Issuer upon request.

Appears in 1 contract

Samples: Trust Indenture

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Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Issuer Authority shall execute, execute and thereupon the Trustee shall authenticateauthenticate and deliver, a new Bond of like series, interest rate, maturity, maturity and principal amount and other terms as the Bond so mutilated, destroyed, stolen or lost. In the case of a , in exchange and substitution for such mutilated Bond, such new Bond shall be delivered only upon surrender and cancellation of such mutilated Bond. In the case Bond or in lieu of a Bond issued in and substitution for a the Bond that has been destroyed, stolen or lost, such new Bond shall be delivered only upon the filing of evidence with the Trustee of evidence satisfactory to establish to the Issuer Authority and the Trustee that such Bond has been destroyed, stolen or lost and to prove the proof of ownership thereof thereof, and upon furnishing the Issuer Authority and the Trustee with indemnity satisfactory to them. The person requesting the authentication them and delivery of a new Bond pursuant to this Section shall comply complying with such other reasonable requirements as the Issuer Authority and the Trustee may prescribe and pay paying such expenses as the Issuer Authority and the Trustee may incur in connection therewithincur. All Bonds so surrendered to the Trustee shall be cancelled by it. Evidence Any such new Bonds issued pursuant to this Section in substitution for Bonds alleged to be destroyed, stolen or lost shall constitute original additional contractual obligations on the part of such cancellation the Authority, whether or not the Bonds so alleged to be destroyed, stolen or lost be at any time enforceable by anyone, and shall be given equally secured by and entitled to equal and proportionate benefits with all other Bonds issued hereunder in any moneys or securities held by the Issuer upon requestAuthority, the Trustee or any Paying Agent for the benefit of the Bondholders.

Appears in 1 contract

Samples: Indenture of Trust (Sonics & Materials Inc)

Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Issuer SANDAG shall execute, and thereupon the Trustee shall authenticateauthenticate and deliver, a new Bond of like series, interest rateSeries, maturity, interest rate and principal amount and other terms as the Bond Bonds so mutilated, destroyed, stolen or lost. In the case of a , in exchange and substitution for such mutilated Bond, such new Bond shall be delivered only upon surrender and cancellation of such mutilated Bond. In the case Bond or in lieu of a Bond issued in and substitution for a the Bond that has been destroyed, stolen or lost, such new Bond shall be delivered only upon the filing of evidence with the Trustee evidence satisfactory to establish to the Issuer SANDAG and the Trustee that such Bond has been destroyed, stolen or lost and to prove the proof of ownership thereof thereof, and upon furnishing the Issuer SANDAG and the Trustee with indemnity satisfactory to them. The person requesting the authentication them and delivery of a new Bond pursuant to this Section shall comply complying with such other reasonable requirements regulations as the Issuer and SANDAG, the Trustee may prescribe and pay paying such expenses as the Issuer SANDAG and the Trustee may incur in connection therewithincur. All Bonds so surrendered to the Trustee shall be cancelled canceled by itthe Trustee in accordance with Section 1205. Evidence Any such new Bonds issued pursuant to this Section in substitution for Bonds alleged to be destroyed, stolen or lost shall constitute original additional contractual obligations on the part of such cancellation SANDAG, whether or not the Bonds so alleged to be destroyed, stolen or lost shall be given found at any time or be enforceable by anyone, shall be entitled to equal and proportionate benefits with all other Bonds of the Issuer upon requestsame Series issued under this Indenture and shall be equally secured by the moneys or securities held by SANDAG or the Trustee for the benefit of the Owners.

Appears in 1 contract

Samples: Trust Indenture

Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond shall become mutilated or be destroyed, stolen or lost, the Issuer shall execute, and the Trustee shall authenticate, authenticate and deliver a new Bond of like series, interest rate, maturity, maturity and principal amount and other terms as the Bond so mutilated, destroyed, stolen stolen, or lost. In the case of a , in exchange and substitution for such mutilated Bond, such new Bond shall be delivered only upon surrender and cancellation of such mutilated Bond. In the case , or in lieu of a Bond issued in and substitution for a Bond that has been the Bond, destroyed, stolen stolen, or lost, such new Bond shall be delivered only upon receipt by the filing Trustee of evidence with the Trustee satisfactory to establish to the Issuer and the Trustee that such Bond has been destroyed, stolen stolen, or lost and to prove the proof of ownership thereof thereof, and upon furnishing the Issuer and the Trustee with indemnity satisfactory to them. The person requesting the authentication Trustee and delivery of a new Bond pursuant to this Section shall comply complying with such other reasonable requirements regulations as the Issuer and the Trustee may prescribe and pay paying such expenses as the Issuer and the Trustee may incur in connection therewithincur. All Bonds so surrendered to the Trustee shall be cancelled canceled by itit pursuant to Section 3.14 hereof. Evidence of Any such cancellation new Bonds issued pursuant to this Section in substitution for Bonds mutilated or alleged to be destroyed, stolen or lost shall be given equally secured by and entitled to equal and proportionate benefits of, with all other Bonds delivered under this Trust Agreement, any moneys or securities held by the Issuer upon requestTrustee for the benefit of the Bondowners.

Appears in 1 contract

Samples: 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 Issuer Authority shall execute, execute and the Trustee Authenticating Agent shall authenticate, authenticate a new Bond of like seriesSeries, interest rate, maturity, principal amount and other terms as of the Bond so mutilated, destroyed, stolen or lost. In the case of a mutilated Bond, such new Bond shall be delivered only upon surrender and cancellation of such mutilated Bond. In the case of a Bond issued in lieu of and in substitution for a Bond that which has been destroyed, stolen or lost, such new Bond shall be delivered only upon the filing of evidence with the Trustee of evidence satisfactory to establish to the Issuer Authority and the Trustee that such Bond has been destroyed, stolen or lost and to prove the ownership thereof and upon furnishing the Issuer Authority and the Trustee with indemnity satisfactory to them. The person requesting the authentication and delivery of a new Bond pursuant to this Section 3.7 shall comply with such other reasonable requirements regulations as the Issuer Authority and the Trustee may prescribe and pay such expenses as the Issuer Authority and the Trustee may incur in connection therewith. All Bonds so surrendered to the Trustee shall be cancelled by it. Evidence of such cancellation shall be given to filed with the Issuer upon Authority at its request.

Appears in 1 contract

Samples: Indenture of Trust

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