Lost or Mutilated Bonds Sample Clauses

Lost or Mutilated Bonds. (a) If (i) any mutilated Bond is surrendered to the Trustee or the Company or if the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Bond, and (ii) there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Company or the Trustee that such Bond has been acquired by a bona fide purchaser for value, the Company shall execute, stamp and deliver a replacement bond (such bond, a “Replacement Bond”) to the Trustee and upon the Company’s request the Trustee shall authenticate and deliver the Replacement Bond to the holder of such mutilated, destroyed lost or stolen Bond in exchange for or in lieu of such mutilated, destroyed, lost or stolen Bond. Immediately prior to replacement of a Bond which was mutilated, destroyed, lost or stolen, such Bond shall be cancelled on the Register of Bondholder and shall cease to be binding on the Company. If any such Bond is later found and comes into the possession of any Bondholder such Bondholder shall deliver such Bond to the Trustee for destruction or other disposal as the Company may direct. (a) In case any mutilated, destroyed, lost or stolen Bond has become or is about to become due and payable, the Company may in its discretion, instead of issuing a Replacement Bond pay and discharge such Bond.