Common use of Loss of Securities; Reissue of Securities in Lesser Denominations Clause in Contracts

Loss of Securities; Reissue of Securities in Lesser Denominations. Upon: (i) receipt of evidence satisfactory to the Company of loss, theft, mutilation or destruction of the Note, and (ii) in the case of any such loss, theft or destruction, upon delivery of indemnity in such form and amount as shall be reasonably satisfactory to the Company, or in the event of such mutilation, upon surrender and cancellation of such Note, the Company will make and deliver a new Note of like tenor, in lieu of such lost, stolen, mutilated or destroyed Note. In addition, upon request of any holder of a Note or other securities of the Company or the Parent now or hereafter issued by the Company or the Parent to the Purchaser, and upon surrender of such Note or other securities to the Company and compliance with any restrictive legends, the Company or the Parent will reissue, in lesser denominations to parties designated by such holder, new certificates, warrants or other securities in the equivalent amounts of such other securities surrendered.

Appears in 2 contracts

Samples: Bridge Note Purchase Agreement (Horizon Personal Communications Inc), Bridge Note Purchase Agreement (Horizon PCS Inc)

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Loss of Securities; Reissue of Securities in Lesser Denominations. Upon: (i) receipt of evidence satisfactory to the Company or the Parent of loss, theft, mutilation or destruction of the Note(A) any Note or (B) any Warrant, respectively, and (ii) in the case of any such loss, theft or destruction, upon delivery of indemnity in such form and amount as shall be reasonably satisfactory to the Company, or the Parent or in the event of such mutilation, upon surrender and cancellation of such NoteNote or Warrant, the Company or the Parent will make and deliver a new Note or Warrant accordingly of like tenor, in lieu of such lost, stolen, mutilated or destroyed NoteNote or Warrant. In addition, upon request of any holder Holder of a Note or other securities of the Company or the Parent now or hereafter issued by the Company or the Parent to the PurchaserNote, and upon surrender of such Note or other securities to the Company Note, and compliance with any restrictive legendslegends and Section 13(e) hereof, the Company or the Parent will reissue, in lesser denominations to parties designated by such holderHolder, new certificates, warrants or other securities Notes in the equivalent amounts of such other securities Notes surrendered.

Appears in 1 contract

Samples: Investment Agreement (Bell Sports Corp)

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Loss of Securities; Reissue of Securities in Lesser Denominations. Upon: (ia) receipt of evidence satisfactory to the Company of loss, theft, mutilation or destruction of the a Note, and (iib) in the case of any such loss, theft or destruction, upon delivery of indemnity in such form and amount as shall be reasonably satisfactory to the Company, or in the event of such mutilation, upon surrender and cancellation of such Note, the Company will make and deliver a new Note of like tenor, in lieu of such lost, stolen, mutilated or destroyed Note. In addition, upon request of any holder of a Note Note, or other securities of the Company or the Parent now or hereafter issued by the Company or the Parent to the PurchaserLenders, and upon surrender of such Note Note, or other securities to the Company and compliance with any restrictive legends, the Company or the Parent will reissue, in lesser denominations to parties designated by such holder, new certificates, warrants certificates or other securities in the equivalent amounts of such other securities surrendered.

Appears in 1 contract

Samples: Investment Agreement (Minrad International, Inc.)

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