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

Loss, Theft, Destruction or Mutilation. Upon receipt of evidence satisfactory to the Issuer of the loss, theft, destruction or mutilation of a Note and, in the case of such loss, theft or destruction, upon delivery to the Issuer of an indemnity undertaking reasonably satisfactory to the Issuer, or, in the case of any such mutilation, upon surrender of a Note to the Issuer, the Issuer will issue a new note, of like tenor and principal amount, in lieu of or in exchange for such lost, stolen, destroyed or mutilated Note. Upon the issuance of any substitute Note, the Issuer may require the payment to it of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses in connection therewith.

Appears in 4 contracts

Samples: Additional Note Purchase Agreement (Virgin America Inc.), Third Note Purchase Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.)

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Loss, Theft, Destruction or Mutilation. Upon receipt of evidence satisfactory to the Issuer of the loss, theft, destruction or mutilation of a the Note and, in the case of such loss, theft or destruction, upon delivery to the Issuer of an indemnity undertaking reasonably satisfactory to the Issuer, or, in the case of any such mutilation, upon surrender of a the Note to the Issuer, the Issuer will issue a new note, of like tenor and principal amount, in lieu of or in exchange for such the lost, stolen, destroyed or mutilated Note. Upon the issuance of any substitute Note, the Issuer may require the payment to it of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses in connection therewith.

Appears in 3 contracts

Samples: Note Purchase Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.)

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Loss, Theft, Destruction or Mutilation. Upon receipt of evidence satisfactory to the Issuer Maker of the loss, theft, destruction or mutilation of a this Note and, in the case of such loss, theft or destruction, upon delivery to the Issuer Maker of an indemnity undertaking reasonably satisfactory to the IssuerMaker, or, in the case of any such mutilation, upon surrender of a this Note to the IssuerMaker, the Issuer Maker will issue a new note, of like tenor and principal amount, in lieu of or in exchange for such lost, stolen, destroyed or mutilated Note. Upon the issuance of any substitute Note, the Issuer Maker may require the payment to it of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses in connection therewith.

Appears in 1 contract

Samples: Convertible Promissory Note (Aura Systems Inc)

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