Common use of Delivery of replacements Clause in Contracts

Delivery of replacements. Subject to receipt of sufficient replacement Temporary Global Securities, Permanent Global Securities, Definitive Securities, Coupons and Talons in accordance with Clause 3.5 (The Securities - Availability), each Replacement Agent shall, upon and in accordance with the instructions of the Issuer (which instructions may, without limitation, include terms as to the payment of expenses and as to evidence, security and indemnity), authenticate (if necessary) and deliver a Temporary Global Security, Permanent Global Security, Definitive Security, Coupon or Talon as a replacement for any Temporary Global Security, Permanent Global Security, Definitive Security, Coupon or Talon which has been mutilated or defaced or which is alleged to have been destroyed, stolen or lost; provided, however, that the Replacement Agents shall not deliver any Temporary Global Security, Permanent Global Security, Definitive Security, Coupon or Talon as a replacement for any Temporary Global Security, Permanent Global Security, Definitive Security, Coupon or Talon which has been mutilated or defaced otherwise than against surrender of the same and shall not issue any replacement Temporary Global Security, Permanent Global Security, Definitive Security, Coupon or Talon until the applicant has furnished the Replacement Agent with such evidence and indemnity as the Issuer, the Guarantor and/or the Replacement Agent may reasonably require and has paid such costs and expenses as may be incurred in connection with such replacement.

Appears in 7 contracts

Samples: Terms and Conditions, Terms and Conditions, Fiscal Agency Agreement

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