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

Mutilated, Destroyed, Lost or Stolen Definitive Certificates. If (i) any mutilated Definitive Certificate is surrendered to Xxxxxx Xxx or the Certificate Registrar, or (ii) Xxxxxx Mae receives evidence to its satisfaction of the destruction, loss or theft of a Definitive Certificate, and there is delivered to Xxxxxx Xxx such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to Xxxxxx Mae that such Definitive Certificate has been acquired by a bona fide purchaser, Xxxxxx Xxx shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Definitive Certificate, a new Definitive Certificate. Any duplicate Definitive Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Trust, as if originally issued, whether or not the lost or stolen Definitive Certificate shall be found at any time.

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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