Common use of Lost, Stolen, Mutilated, or Destroyed Rights Clause in Contracts

Lost, Stolen, Mutilated, or Destroyed Rights. If any Right certificate is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right certificate, include the surrender thereof), issue a new Right certificate of like denomination, tenor, and date as the Right certificate so lost, stolen, mutilated, or destroyed. Any such new Right certificate shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Right certificate shall be at any time enforceable by anyone.

Appears in 5 contracts

Samples: Rights Agreement (Sagaliam Acquisition Corp), Rights Agreement (Sagaliam Acquisition Corp), Rights Agreement (G3 VRM Acquisition Corp.)

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Lost, Stolen, Mutilated, or Destroyed Rights. If any Right certificate is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right certificate, include the surrender thereof), issue a new Right certificate of like denomination, tenor, and date as the Right certificate so lost, stolen, mutilated, or destroyed. Any such new Right certificate shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Right certificate shall be at any time enforceable by anyone.

Appears in 2 contracts

Samples: Rights Agreement (Sunfire Acquisition Corp LTD), Rights Agreement (Sunfire Acquisition Corp LTD)

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Lost, Stolen, Mutilated, or Destroyed Rights. If any Right certificate Certificate is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right certificateCertificate, include the surrender thereof), issue a new Right certificate Certificate of like denomination, tenor, and date as the Right certificate Certificate so lost, stolen, mutilated, or destroyed. Any such new Right certificate Certificate shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Right certificate Certificate shall be at any time enforceable by anyone.

Appears in 2 contracts

Samples: Rights Agreement (Blockchain Moon Acquisition Corp.), Rights Agreement (Blockchain Moon Acquisition Corp.)

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