Common use of Lost, Destroyed and Mutilated Certificates Clause in Contracts

Lost, Destroyed and Mutilated Certificates. The holder of any Corporation shares or other securities shall immediately notify the Corporation of any loss, destruction or mutilation of the certificate(s) therefor, and the Board may, in its discretion, and after the expiration of such period of time as it may determine to be advisable, cause to be issued to him a new certificate or certificates for shares, upon the surrender of the mutilated certificate, or in case of loss or destruction of the certificate, upon proof satisfactory to the Board of such loss or destruction, and the Board or its delegee may, in its discretion, require the owner of the lost, destroyed or mutilated certificate, or his legal representatives, to give the Corporation a bond, in such sum and with such surety or sureties as it may direct, or to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, destruction or mutilation of any such certificate or the issuance of such new certificate.

Lost, Destroyed and Mutilated Certificates. The holder Each recordholder of any Corporation shares or other securities shall immediately promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share or shares of which he is the certificate(s) thereforrecordholder. The Board may, in its discretion, cause the Corporation to issue a new certificate in place of any certificate theretofore issued by it and alleged to have been mutilated, lost, stolen or destroyed, upon the surrender of the mutilated certificate or, in the case of loss, theft or destruction of the certificate, upon satisfactory proof of such loss, theft or destruction, and the Board may, in its discretion, and after require the expiration of such period of time as it may determine to be advisable, cause to be issued to him a new certificate or certificates for shares, upon the surrender recordholder of the mutilated certificate, or in case of loss or destruction of the certificate, upon proof satisfactory to the Board of such loss or destruction, and the Board or its delegee may, in its discretion, require the owner of shares evidenced by the lost, stolen or destroyed or mutilated certificate, certificate or his legal representatives, representative to give the Corporation a bond, in such sum and with such surety or sureties as it may direct, or bond sufficient to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction or mutilation of any such certificate or the issuance of such new certificate.

Lost, Destroyed and Mutilated Certificates. The holder Each recordholder of any Corporation shares or other securities Shares shall immediately promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any Share or Shares of which he is the certificate(s) thereforrecordholder. The Board may, in its discretion, cause the Corporation to issue a new certificate in place of any certificate theretofore issued by it and alleged to have been mutilated, lost, stolen or destroyed, upon the surrender of the mutilated certificate or, in the case of loss, theft or destruction of the certificate, upon satisfactory proof of such loss, theft or destruction, and the Board may, in its discretion, and after require the expiration of such period of time as it may determine to be advisable, cause to be issued to him a new certificate or certificates for shares, upon the surrender recordholder of the mutilated certificate, or in case of loss or destruction of the certificate, upon proof satisfactory to the Board of such loss or destruction, and the Board or its delegee may, in its discretion, require the owner of Shares evidenced by the lost, stolen or destroyed or mutilated certificate, certificate or his legal representatives, representative to give the Corporation a bond, in such sum and with such surety or sureties as it may direct, or bond sufficient to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction or mutilation of any such certificate or the issuance of such new certificate.

Lost, Destroyed and Mutilated Certificates. The holder Each recordholder of any Corporation shares or other securities shall immediately promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share or shares of which such recordholder is the certificate(s) thereforrecordholder. The Board may, in its discretion, cause the Corporation to issue a new certificate in place of any certificate theretofore issued by it and alleged to have been mutilated, lost, stolen or destroyed, upon the surrender of the mutilated certificate or, in the case of loss, theft or destruction of the certificate, upon satisfactory proof of such loss, theft or destruction, and the Board may, in its discretion, and after require the expiration of such period of time as it may determine to be advisable, cause to be issued to him a new certificate or certificates for shares, upon the surrender recordholder of the mutilated certificate, or in case of loss or destruction of the certificate, upon proof satisfactory to the Board of such loss or destruction, and the Board or its delegee may, in its discretion, require the owner of shares evidenced by the lost, stolen or destroyed certificate or mutilated certificate, or his such recordholder’s legal representatives, representative to give the Corporation a bond, in such sum and with such surety or sureties as it may direct, or bond sufficient to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction or mutilation of any such certificate or the issuance of such new certificate.

Lost, Destroyed and Mutilated Certificates. The holder Each recordholder of any Corporation shares or other securities Shares shall immediately promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any Share or Shares of which he is the certificate(s) thereforrecordholder. The Board, in its discretion, or any transfer agent thereunto duly authorized by the Board, may authorize the issue of a new certificate in place of any certificate theretofore issued and alleged to have been mutilated, lost, stolen or destroyed, upon the surrender of the mutilated certificate or, in the case of loss, theft or destruction of the certificate, upon satisfactory proof of such loss, theft or destruction, and the Board may, in its discretion, require, and after its transfer agents and registrars may so require, the expiration of such period of time as it may determine to be advisable, cause to be issued to him a new certificate or certificates for shares, upon the surrender recordholder of the mutilated certificate, or in case of loss or destruction of the certificate, upon proof satisfactory to the Board of such loss or destruction, and the Board or its delegee may, in its discretion, require the owner of Shares evidenced by the lost, stolen or destroyed or mutilated certificate, certificate or his legal representatives, representative to give the Corporation a bond, in such sum and with such surety or sureties as it may direct, or bond sufficient to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction or mutilation of any such certificate or the issuance of such new certificate.