Common use of DELIVERY EXPENSE Clause in Contracts

DELIVERY EXPENSE. If the Purchaser surrenders any Bond to the Company or a transfer agent of the Company for exchange for Bonds of other denominations or for registration in another name or names, the Company will pay the reasonable cost of insurance and delivery to such place as the Purchaser may designate from the Company or its transfer agent of the Bond or Bonds issued in substitution or replacement for the surrendered Bond.

Appears in 5 contracts

Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)

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