Common use of Mutilated, Destroyed, Lost and Stolen Bonds Clause in Contracts

Mutilated, Destroyed, Lost and Stolen Bonds. Upon receipt by the Company and the Trustee of evidence satisfactory to them of the loss, theft, destruction or mutilation of any Bond (which evidence shall be, in the case of a holder which is an Institutional Holder, written notice thereof from such Institutional Holder), and of indemnity satisfactory to them (provided that in the case of a holder which is an Institutional Holder, the unsecured agreement of indemnity from such Institutional Holder shall be deemed to be satisfactory) and upon surrender and cancellation of such Bond, if any, if mutilated, the Company may execute, and the Trustee may authenticate and deliver, a new Bond of the same series and of like tenor, to be issued in lieu of such lost, stolen, destroyed or mutilated Bond. Such new Bond may bear such endorsement as may be agreed upon by the Company and the Trustee. The Company may require the payment of a sum sufficient to reimburse it for all expenses in connection with the issue of each new Bond under this Section. Any new Bond issued under the provisions of this Section in lieu of any Bond lost, stolen, destroyed or mutilated shall constitute an original, additional, contractual obligation of the Company and shall be secured equally and ratably with all other Bonds Outstanding. Neither the Company nor the Trustee shall be under any duty or liability to issue a new Bond in substitution for or in lieu of any Bond lost, stolen, destroyed or mutilated except under the provisions of this Section.

Appears in 1 contract

Samples: Unitil Corp

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Mutilated, Destroyed, Lost and Stolen Bonds. Upon receipt by the Company and the Trustee of evidence satisfactory to them of the loss, theft, destruction or mutilation of any Bond (which evidence shall be, in the case of a holder which is an Institutional Holder, written notice thereof from such Institutional Holder)Bond, and of indemnity satisfactory to them (provided that in the case of a holder which is an Institutional Holder, the unsecured agreement of indemnity from such Institutional Holder shall be deemed to be satisfactory) and upon surrender and cancellation of such Bond, if any, if mutilated, the Company may execute, and the Trustee may authenticate and deliver, a new Bond of the same series and of like tenor, to be issued in lieu of such lost, stolen, destroyed or mutilated Bond. Such new Bond may bear such endorsement as may be agreed upon by the Company and the Trustee. The Company may require the payment of a sum sufficient to reimburse it for all expenses in connection with the issue of each new Bond under this Section. Any new Bond issued under the provisions of this Section in lieu of any Bond lost, stolen, destroyed or mutilated shall constitute an original, additional, contractual obligation of the Company and shall be secured equally and ratably with all other Bonds Outstanding. Neither the Company nor the Trustee shall be under any duty or liability to issue a new Bond in substitution for or in lieu of any Bond lost, stolen, destroyed or mutilated except under the provisions of this Section.

Appears in 1 contract

Samples: Unitil Corp

Mutilated, Destroyed, Lost and Stolen Bonds. Upon receipt If (a) any mutilated Bond is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Bond, and (b) there is delivered to the Trustee such security or indemnity as may be required by the Company Trustee to save each of the Trustee and the Trustee of evidence satisfactory to them of the lossIssuer harmless, theft, destruction or mutilation of any Bond (which evidence shall bethen, in the case absence of notice to the Trustee that such Bond has been acquired by a holder which is an Institutional Holder, written notice thereof from such Institutional Holder), and of indemnity satisfactory to them (provided that in the case of a holder which is an Institutional Holderbona fide purchaser, the unsecured agreement of indemnity from such Institutional Holder Trustee shall be deemed to be satisfactory) and upon surrender and cancellation of such Bond, if any, if mutilated, the Company may execute, and the Trustee may authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Bond, a new Bond of the same series and maturity and of like tenortenor and principal amount, to be issued in lieu bearing a number not contemporaneously outstanding. Upon the issuance of such lost, stolen, destroyed or mutilated Bond. Such any new Bond may bear such endorsement as may be agreed upon by under this Section, the Company Issuer and the Trustee. The Company Trustee may require the payment from the Owner thereof of a sum sufficient to reimburse it for all cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses in connection with the issue of each new Bond under this Sectionconnected therewith. Any Every new Bond issued under the provisions of pursuant to this Section in lieu of any Bond lostdestroyed, stolenlost or stolen Bond, destroyed or mutilated shall constitute an original, additional, original additional contractual obligation of the Company Issuer, whether or not the destroyed, lost or stolen Bond shall be at any time enforceable by anyone, and shall be secured entitled to all the security and benefits of this Indenture equally and ratably with all other Bonds Outstanding. Neither the Company nor the Trustee shall be under any duty or liability to issue a new Bond in substitution for or in lieu of any Bond lost, stolen, destroyed or mutilated except under the provisions of this SectionOutstanding Bonds.

Appears in 1 contract

Samples: Loan Agreement

Mutilated, Destroyed, Lost and Stolen Bonds. Upon receipt by If (i) any mutilated Bond is surrendered to the Company Bank, or the Issuer and the Trustee of Bank receive evidence satisfactory to them their satisfaction of the lossdestruction, theft, destruction loss or mutilation theft of any Bond, and (ii) there is delivered to the Issuer and the Bank such security or indemnity as may be required by them to save each of them harmless, then the Issuer shall execute and upon its request the Bank shall register and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Bond (which evidence shall be, in the case of a holder which is an Institutional Holder, written notice thereof from such Institutional Holder), and of indemnity satisfactory to them (provided that in the case of a holder which is an Institutional Holder, the unsecured agreement of indemnity from such Institutional Holder shall be deemed to be satisfactory) and but only upon surrender and cancellation of such Bond, Bond if any, if such Xxxx is mutilated, the Company may execute, and the Trustee may authenticate and deliver), a new Bond of the same series and maturity and of like tenortenor and principal amount, bearing a number not contemporaneously outstanding, in accordance with the Bond Documents. In case any such mutilated, destroyed, lost or stolen Bond shall have matured and no default has occurred which is then continuing in the payment of the principal of, redemption premium, if any, or interest on the Bonds, the Issuer in its discretion may by Issuer Request have the Bank pay such Bond instead of issuing a new Bond, provided security or indemnity is furnished to be issued in lieu of such lost, stolen, destroyed or mutilated Bond. Such new Bond may bear such endorsement the Issuer and the Bank as may be agreed upon required by the Company and the Trustee. The Company may require the payment them to save each of a sum sufficient to reimburse it for them harmless from any loss or damage with respect thereto, all expenses in connection accordance with the issue of each new Bond under Documents and this Section. Any new Bond issued under the provisions of this Section in lieu of any Bond lost, stolen, destroyed or mutilated shall constitute an original, additional, contractual obligation of the Company and shall be secured equally and ratably with all other Bonds Outstanding. Neither the Company nor the Trustee shall be under any duty or liability to issue a new Bond in substitution for or in lieu of any Bond lost, stolen, destroyed or mutilated except under the provisions of this SectionAgreement.

Appears in 1 contract

Samples: Paying Agent/Registrar Agreement

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Mutilated, Destroyed, Lost and Stolen Bonds. Upon receipt If (a) any mutilated Bond is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Bond, and (b) there is delivered to the Trustee such security or indemnity as may be required by the Company Trustee to save each of the Trustee and the Trustee of evidence satisfactory to them of the lossIssuer harmless, theft, destruction or mutilation of any Bond (which evidence shall bethen, in the case absence of notice to the Trustee that such Bond has been acquired by a holder which is an Institutional Holder, written notice thereof from such Institutional Holder), and of indemnity satisfactory to them (provided that in the case of a holder which is an Institutional Holderbona fide purchaser, the unsecured agreement of indemnity from such Institutional Holder Trustee shall be deemed to be satisfactory) and upon surrender and cancellation of such Bond, if any, if mutilated, the Company may execute, and the Trustee may authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Bond, a new Bond of the same series and maturity and of like tenortenor and principal amount, to be issued in lieu bearing a number not contemporaneously outstanding. Upon the issuance of such lost, stolen, destroyed or mutilated Bond. Such any new Bond may bear such endorsement as may be agreed upon by under this Section, the Company Issuer and the Trustee. The Company Trustee may require the payment from the Owner thereof of a sum sufficient to reimburse it for all cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses in connection with the issue of each new Bond under this Sectionconnected therewith. Any Every new Bond issued under the provisions of pursuant to this Section in lieu of any Bond lostdestroyed, stolenlost or stolen Bond, destroyed or mutilated shall constitute an original, additional, original additional contractual obligation of the Company Issuer, whether or not the destroyed, lost or stolen Xxxx shall be at any time enforceable by anyone, and shall be secured entitled to all the security and benefits of this Indenture equally and ratably with all other Bonds Outstanding. Neither the Company nor the Trustee shall be under any duty or liability to issue a new Bond in substitution for or in lieu of any Bond lost, stolen, destroyed or mutilated except under the provisions of this SectionOutstanding Bonds.

Appears in 1 contract

Samples: Loan Agreement

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