Common use of Loss, Theft, Destruction or Mutilation of Notes Clause in Contracts

Loss, Theft, Destruction or Mutilation of Notes. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of the Note and, in the case of any such loss, theft or destruction, upon receipt of any indemnity bond in such reasonable amount as the Company may determine or, in the case of any such mutilation, upon surrender and cancellation of the Note, the Company shall make and deliver, in lieu of such lost, stolen, destroyed or mutilated Note, a new Note of like tenor and unpaid principal amount and dated as of the date to which Registration Delay Payments, if any, have been paid on the Note so lost, stolen, destroyed or mutilated.

Appears in 1 contract

Samples: Convertible Term Note (Lifestream Technologies Inc)

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Loss, Theft, Destruction or Mutilation of Notes. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of the Note a Note, and, in the case of any such loss, theft or destruction, upon receipt of any a bond of indemnity bond in such reasonable amount as reasonably satisfactory to the Company may determine or, in the case of any such mutilation, upon surrender and cancellation of the Note, the Company shall make and deliver, in lieu of such lost, stolen, destroyed or mutilated Note, a new Note of like tenor and unpaid principal amount and dated as of the date of, or, if later, the date to which Registration Delay Payments, if any, have interest has been paid on on, the Note so lost, stolen, destroyed or mutilatedmutilated Note. In the case of a holder of the Notes which is an institutional investor, its own unsecured agreement of indemnity shall be deemed satisfactory to the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Prison Realty Corp)

Loss, Theft, Destruction or Mutilation of Notes. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of the Note a Note, and, in the case of any such loss, theft or destruction, upon receipt of any a bond of indemnity bond in such reasonable amount as reasonably satisfactory to the Company may determine or, in the case of any such mutilation, upon surrender and cancellation of the Note, the Company shall will make and deliver, in lieu of such lost, stolen, destroyed or mutilated Note, a new Note of like tenor and unpaid principal amount and dated as of the date of, or, if later, the date to which Registration Delay Payments, if any, have interest has been paid on on, the Note so lost, stolen, destroyed or mutilatedmutilated Note. In the case of a holder of the Notes which is an institutional investor, its own unsecured agreement of indemnity shall be deemed satisfactory to the Company.

Appears in 1 contract

Samples: Purchase Agreement (Tower Realty Trust Inc)

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Loss, Theft, Destruction or Mutilation of Notes. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of the Note this Note, and, in the case of any such loss, theft or destruction, upon receipt of any a bond of indemnity bond in such reasonable amount as reasonably satisfactory to the Company may determine or, in the case of any such mutilation, upon surrender and cancellation of the this Note, the Company shall will make and deliver, in lieu of such lost, stolen, destroyed or mutilated Note, a new Note of like tenor and unpaid principal amount and dated as of the date of, or, if later, the date to which Registration Delay Payments, if any, have interest has been paid on on, the Note so lost, stolen, destroyed or mutilatedmutilated Note. In the case of an Institutional Holder of the Notes, its own unsecured agreement of indemnity shall be deemed satisfactory to the Company.

Appears in 1 contract

Samples: Loan Agreement (North Star Universal Inc)

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