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

Mutilated, Lost, Destroyed and Stolen Certificates. If (i) any mutilated Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by the Trustee to hold it harmless, then, in the absence of written notice to the Trustee that such Certificate has been acquired by a bona fide purchaser and upon the Owner paying the reasonable expenses of the Trustee, the Trustee shall cause to be executed and delivered, in exchange for such mutilated Certificate or in lieu of such destroyed, lost or stolen Certificate, a new Certificate of like series, principal amount, date and tenor. If the principal of any such mutilated, destroyed, lost or stolen Certificate has become, or will on or before the next Interest Payment Date become, due and payable, the Trustee may, in its discretion, pay such Certificate when due instead of delivering a new Certificate.

Appears in 2 contracts

Samples: Acquisition Agreement, Acquisition Agreement

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Mutilated, Lost, Destroyed and Stolen Certificates. If (i) any mutilated 2019 Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any 2019 Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by the Trustee to hold it harmless, then, in the absence of written notice to the Trustee that such 2019 Certificate has been acquired by a bona fide purchaser and upon the Owner paying the reasonable expenses of the Trustee, the Trustee shall cause to be executed and deliveredshall authenticate and deliver, in exchange for such mutilated 2019 Certificate or in lieu of such destroyed, lost or stolen 2019 Certificate, a new 2019 Certificate of like series, principal amount, date and tenor. If the principal of amount evidenced by any such mutilated, destroyed, lost or stolen 2019 Certificate has become, or will on or before the next Interest Payment Date become, due and payable, the Trustee may, in its discretion, pay such 2019 Certificate when due instead of delivering a new 2019 Certificate.

Appears in 1 contract

Samples: Trust Agreement

Mutilated, Lost, Destroyed and Stolen Certificates. If (i) any mutilated 2020 Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any 2020 Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by the Trustee to hold it harmless, then, in the absence of written notice to the Trustee that such 2020 Certificate has been acquired by a bona fide purchaser and upon the Owner paying the reasonable expenses of the Trustee, the Trustee shall cause to be executed and deliveredshall authenticate and deliver, in exchange for such mutilated 2020 Certificate or in lieu of such destroyed, lost or stolen 2020 Certificate, a new 2020 Certificate of like series, principal amount, date and tenor. If the principal of amount evidenced by any such mutilated, destroyed, lost or stolen 2020 Certificate has become, or will on or before the next Interest Payment Date become, due and payable, the Trustee may, in its discretion, pay such 2020 Certificate when due instead of delivering a new 2020 Certificate.

Appears in 1 contract

Samples: Trust Agreement

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Mutilated, Lost, Destroyed and Stolen Certificates. If (i) any mutilated Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by the Trustee to hold it harmless, then, in the absence of written notice to the Trustee that such Certificate has been acquired by a bona fide purchaser and upon the Owner paying the reasonable expenses of the Trustee, the Trustee shall cause to be executed and delivered, in exchange for such mutilated Certificate or in lieu of such destroyed, lost or stolen Certificate, a new Certificate of like series, principal amount, date and tenor. If the principal of any such mutilated, destroyed, lost or stolen Certificate has become, or will on or before the next Interest Payment Date become, due and payable, the Trustee may, in its discretion, pay such Certificate when due instead of delivering a new Certificate.

Appears in 1 contract

Samples: Installment Purchase Contract

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