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

Mutilated, Lost, Destroyed or Stolen Certificates. Each holder of record of Trust Interests and Allocation Interests shall promptly notify the Company of any mutilation, loss or destruction of any certificate of which such holder is the record holder. The Company may, in its discretion, cause the Transfer Agent to issue a new certificate in place of any certificate theretofore issued by it and alleged to have been mutilated, lost, stolen or destroyed, upon surrender of the mutilated Share certificate or, in the case of loss, theft or destruction of the certificate, upon satisfactory proof of such loss, theft or destruction, and the Board of Directors may, in its discretion, require the holder of record of the Trust Interests or Allocation Interests evidenced by the lost, stolen or destroyed certificate, or his legal representative, to give the Transfer Agent a bond sufficient to indemnify the Transfer Agent against any claim made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Appears in 6 contracts

Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Diversified Holdings)

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Mutilated, Lost, Destroyed or Stolen Certificates. Each holder Record Holder of record of Trust Interests and Allocation Interests Shares shall promptly notify the Company of any mutilation, loss or destruction of any certificate Certificate of which such holder is the record holder. The Company may, in its discretion, cause the Transfer Agent to issue a new certificate Certificate in place of any certificate Certificate theretofore issued by it and alleged to have been mutilated, lost, stolen or destroyed, upon surrender of the mutilated Share certificate Certificate or, in the case of loss, theft or destruction of the certificateCertificate, upon satisfactory proof of such loss, theft or destruction, and the Board of Directors may, in its discretion, require the holder of record Record Holder of the Trust Interests or Allocation Interests Shares evidenced by the lost, stolen or destroyed certificateCertificate, or its, his or her legal representative, to give the Transfer Agent a bond sufficient to indemnify the Transfer Agent against any claim made against it on account of the alleged loss, theft or destruction of any such certificate Certificate or the issuance of such new certificateCertificate.

Appears in 3 contracts

Samples: Operating Agreement (KKR Financial Holdings LLC), Operating Agreement (Ellington Financial LLC), Operating Agreement (KKR Financial Holdings LLC)

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