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

Lost, Destroyed and Mutilated Certificates. Each recordholder of shares shall 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 recordholder. 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, require the recordholder of the shares evidenced by the lost, stolen or destroyed certificate or his legal representative to give the Corporation a bond sufficient to indemnify the Corporation against any claim made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 3 contracts

Samples: Merger Agreement (Ispat International Nv), Merger Agreement (PeopleSupport, Inc.), Merger Agreement (Mittal Steel USA ISG Inc)

AutoNDA by SimpleDocs

Lost, Destroyed and Mutilated Certificates. Each recordholder The holder of any Corporation shares or other securities shall promptly immediately notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share or shares of which he is the recordholder. 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 destructioncertificate(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 recordholder owner of the shares evidenced by the lost, stolen destroyed or destroyed certificate mutilated certificate, or his legal representative representatives, to give the Corporation a bond sufficient 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, theft destruction or destruction mutilation of any such certificate or the issuance of such new certificate.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Printpack Inc), Bylaws (Diagnostic Pathology Management Services Inc), Bylaws (Diagnostic Pathology Management Services Inc)

Lost, Destroyed and Mutilated Certificates. Each recordholder The holder of any certificate representing any shares of stock of the Corporation shall promptly immediately notify the Corporation of any loss, theft, destruction or mutilation of any such certificate; the Corporation may issue to such holder a new certificate or certificates evidencing any share or shares of which he is the recordholder. 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 destroyedfor shares, 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; the Board, or a committee designated thereby, or the transfer agents and registrars for the Board stock, may, in its their discretion, require the recordholder owner of the shares evidenced by the lost, stolen or destroyed certificate certificate, or his such person's legal representative representative, to give the Corporation a bond sufficient in such sum and with such surety or sureties as they may direct to indemnify the Corporation and said transfer agents and registrars against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 2 contracts

Samples: Merger Agreement (Time Warner Inc/), Merger Agreement (America Online Inc)

Lost, Destroyed and Mutilated Certificates. Each recordholder of shares Shares shall promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share Share or shares Shares of which he is the recordholder. 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, require the recordholder of the shares Shares evidenced by the lost, stolen or destroyed certificate or his legal representative to give the Corporation a bond sufficient to indemnify the Corporation against any claim made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Seagram Co LTD), By Laws (Imax Corp)

Lost, Destroyed and Mutilated Certificates. Each recordholder of shares Shares shall promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share Share or shares Shares of which he is the recordholder. The Board mayBoard, in its discretion, cause or any transfer agent thereunto duly authorized by the Corporation to Board, may authorize the issue of 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, require require, and its transfer agents and registrars may so require, the recordholder of the shares Shares evidenced by the lost, stolen or destroyed certificate or his legal representative to give the Corporation a bond sufficient to indemnify the Corporation against any claim made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 1 contract

Samples: Cooperation Agreement

AutoNDA by SimpleDocs

Lost, Destroyed and Mutilated Certificates. Each recordholder The holder of any certificate representing any shares of stock of the Corporation shall promptly immediately notify the Corporation of any loss, theft, destruction or mutilation of any such certificate; the Corporation may issue to such holder a new certificate or certificates evidencing any share or shares of which he is the recordholder. 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 destroyedfor shares, 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; the Board, or a committee designated thereby, or the transfer agents and registrars for the Board stock, may, in its their discretion, require the recordholder owner of the shares evidenced by the lost, stolen or destroyed certificate certificate, or his such person’s legal representative representative, to give the Corporation a bond sufficient in such sum and with such surety or sureties as they may direct to indemnify the Corporation and said transfer agents and registrars against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 1 contract

Samples: Investor Rights Agreement (Garrett Motion Inc.)

Lost, Destroyed and Mutilated Certificates. Each recordholder of shares shall promptly notify the Corporation of any loss, destruction or mutilation of any certificate or certificates evidencing any share or shares of which he such recordholder is the recordholder. 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, require the recordholder of the shares evidenced by the lost, stolen or destroyed certificate or his such recordholder’s legal representative to give the Corporation a bond sufficient to indemnify the Corporation against any claim made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 1 contract

Samples: Business Combination Agreement (ExcelFin Acquisition Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!