Common use of Mutilated, Defaced, Destroyed, Stolen and Lost Bonds; Cancellation and Destruction of Bonds Clause in Contracts

Mutilated, Defaced, Destroyed, Stolen and Lost Bonds; Cancellation and Destruction of Bonds. (a) Peru shall execute and deliver to the Fiscal Agent Bonds in such amounts and at such times as to enable the Fiscal Agent to fulfill its responsibilities under this Agreement and the Bonds. (b) The Fiscal Agent is hereby authorized, in accordance with Section 7 of the Terms, to authenticate and deliver or cause to be authenticated and delivered from time to time Bonds in exchange for or in lieu of Bonds that have become mutilated or defaced, or destroyed, lost or stolen. Each Bond authenticated and delivered in exchange for or in lieu of any such Bond will carry all the rights to principal and interest that were carried by such Bond before such mutilation or defacement, or destruction, loss or theft. (c) In the case of a mutilated, defaced, destroyed, lost or stolen Bond, indemnity satisfactory to the Fiscal Agent and Peru will be required of the owner of such Bond before a replacement Bond will be issued. All expenses (including the reasonable legal fees and expenses of Peru and the Fiscal Agent) associated with obtaining such indemnity and in issuing the new Bond will be borne by the owner of the mutilated, defaced, destroyed, lost or stolen Bond. (d) In the case of the replacement of any of the Bonds, the Fiscal Agent will keep a record of the Bonds so replaced, and the Bonds issued in replacement thereof. In the case of the cancellation of any of the Bonds (including upon repayment), the Fiscal Agent will keep a record of the Bonds so canceled and the date on which such Bonds were canceled. (e) All Bonds issued upon any transfer or exchange of Bonds shall be valid obligations of the Republic, evidencing the same debt, and entitled to the same benefits under this Agreement, as the Bonds surrendered upon such transfer or exchange.

Mutilated, Defaced, Destroyed, Stolen and Lost Bonds; Cancellation and Destruction of Bonds. (a) Peru The Republic shall execute and deliver to the Fiscal Agent Bonds in such amounts and at such times as to enable the Fiscal Agent to fulfill its responsibilities under this Fiscal Agency Agreement and the Bonds. (b) The Fiscal Agent is hereby authorized, in accordance with Section 7 and subject to the conditions set forth in paragraph 7(a) of the Terms, to authenticate and deliver or cause to be authenticated and delivered from time to time Bonds in exchange for or in lieu of Bonds that have which become mutilated or mutilated, defaced, or destroyed, lost stolen or stolenlost. Each In every case the applicant for a Bond authenticated and delivered in exchange for or in lieu of any Bond shall furnish to the Republic and to the Fiscal Agent such security or indemnity as may be required by each of them to indemnify, defend and to save each of them and any agent of the Republic or the Fiscal Agent harmless, and, in every case of destruction, loss or theft other evidence to their satisfaction of the apparent destruction, loss or theft of such Bond will and of the ownership thereof. Each Bond delivered in exchange for or in lieu of any Bond shall carry all the rights to principal interest (including rights to accrued and interest that unpaid interest) which were carried by such Bond before such mutilation or defacement, or destruction, loss or theftBond. (c) In the case of a mutilated, defaced, destroyed, lost All Bonds surrendered for payment or stolen Bond, indemnity satisfactory exchange shall be delivered to the Fiscal Agent. The Fiscal Agent shall cancel and Peru will be required destroy all such Bonds surrendered for payment or exchange, in accordance with its bond destruction policy, and shall deliver a certificate of destruction to the owner of such Bond before a replacement Bond will be issued. All expenses (including the reasonable legal fees and expenses of Peru and the Fiscal Agent) associated with obtaining such indemnity and in issuing the new Bond will be borne by the owner of the mutilated, defaced, destroyed, lost or stolen BondRepublic. (d) In Upon the case issuance of any substitute Bond, the holder of such Bond, if so requested by the Republic, will pay a sum sufficient to cover any stamp duty, tax or other governmental charge that may be imposed in relation thereto and any other expense (including the fees and expenses of the replacement of any Fiscal Agent) connected with the preparation and issuance of the Bonds, the Fiscal Agent will keep a record of the Bonds so replaced, and the Bonds issued in replacement thereof. In the case of the cancellation of any of the Bonds (including upon repayment), the Fiscal Agent will keep a record of the Bonds so canceled and the date on which such Bonds were canceledsubstitute Bond. (e) All Bonds issued upon any transfer or exchange of Bonds shall be valid obligations of the Republic, evidencing the same debt, and entitled to the same benefits under this Fiscal Agency Agreement, as the Bonds surrendered upon such transfer or exchange.