Common use of Lost or Destroyed Note Clause in Contracts

Lost or Destroyed Note. Upon receipt by the Borrower of evidence reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of the Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Borrower or, in case of any such mutilation, upon surrender and cancellation of the Note, the Borrower will issue a new promissory note of like tenor in lieu of the Note.

Lost or Destroyed Note. Upon receipt by the Borrower of evidence reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of the this Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Borrower or, in case of any such mutilation, upon surrender and cancellation of the this Note, the Borrower will issue a new promissory note Note of like tenor in lieu of the this Note.

Lost or Destroyed Note. Upon receipt by the Borrower Purchaser of evidence reasonably satisfactory to the Borrower Purchaser of the loss, theft, destruction or mutilation of the this Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Borrower Purchaser or, in case of any such mutilation, upon surrender and cancellation of the this Note, the Borrower Purchaser will issue a new promissory note replacement Note of like tenor in lieu of the this Note.

Lost or Destroyed Note. Upon receipt by the Borrower Payor of evidence reasonably satisfactory to the Borrower Payor of the loss, theft, destruction or mutilation of the this Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Borrower Payor or, in case of any such mutilation, upon surrender and cancellation of the this Note, the Borrower Payor will issue a new promissory note replacement Note of like tenor in lieu of the this Note.