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

Mutilated, Destroyed, Stolen or Lost Bonds. In case any Bond issued under this Indenture becomes mutilated or is destroyed, stolen or lost, the Registrar shall authenticate and deliver in exchange for and in place and upon cancellation of the mutilated Bond, or in lieu of and substitution for the same if destroyed, stolen or lost, a new Bond of like denomination and tenor, but which, in the discretion of the Registrar, may bear the same or a different serial number, be marked “Duplicate” or be otherwise distinguished. In case of destruction, theft or loss, the applicant for a substituted Bond shall furnish to the Registrar evidence of the destruction of such Bond so destroyed, which evidence must be satisfactory to the Registrar and the Trustee, in its discretion, and said applicant shall also furnish indemnity satisfactory to the Registrar and the Trustee in their discretion. The Trustee shall have the right to require the payment of the expense of making such replacement prior to the delivery of a new Bond.

Mutilated, Destroyed, Stolen or Lost Bonds. In case any Bond issued under this Indenture becomes mutilated or is destroyed, stolen or lost, the Authority, in its discretion, may issue, and thereupon the Registrar shall authenticate and deliver in exchange for and in place and upon cancellation of the mutilated Bond, or in lieu of and substitution for the same if destroyed, stolen or lost, a new Bond of like denomination and tenor, but which, in the discretion of the Authority or the Registrar, may bear the same or a different serial number, be marked “Duplicate” or be otherwise distinguished. In case of destruction, theft or loss, the applicant for a substituted Bond shall furnish to the Authority and the Registrar evidence of the destruction of such Bond so destroyed, which evidence must be satisfactory to the Registrar and the Trustee, in its discretion, and said applicant shall also furnish indemnity satisfactory to the Authority, the Registrar and the Trustee in their discretion. The Trustee shall have the right to require the payment of the expense of making such replacement prior to the delivery of a new Bond.

Mutilated, Destroyed, Stolen or Lost Bonds. In case any Bond issued under this Indenture becomes mutilated or is destroyed, stolen or lost, the Authority, in its discretion, may issue, and thereupon the Registrar shall authenticate and deliver in exchange for and in place and upon cancellation of the mutilated Bond, or in lieu of and substitution for the same if destroyed, stolen or lost, a new Bond of like denomination and tenor, but which, in the discretion of the Authority or the Registrar, may bear the same or a different serial number, be marked “Duplicate” or be otherwise distinguished. In case of destruction, theft or loss, the applicant for a substituted Bond shall furnish to the Authority and the Registrar evidence of the destruction of such Bond so destroyed, which evidence must be satisfactory to the Registrar and the TrusteeRegistrar, in its discretion, and said applicant shall also furnish indemnity satisfactory to the Registrar and the Trustee in their its discretion. The Trustee shall have the right to require the payment of the expense of making such replacement prior to the delivery of a new Bond.