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

Mutilated, Lost, Stolen or Destroyed Bonds. If any Bond is mutilated, lost, stolen or destroyed, the Purchaser or the Trustee, as the case may be, will authenticate a new Bond of the same denomination if any mutilated Bond shall first be surrendered to it and if, in the case of any lost, stolen or destroyed Bond, there shall first be furnished to it and the Borrower evidence of such loss, theft or destruction, together with an indemnity satisfactory to each of them to save each of them harmless from all risks related thereto, however remote. If the Bond has matured, instead of issuing a duplicate Bond, the Purchaser or the Trustee may with the consent of the Borrower pay the Bond without requiring surrender of the Bond and make such requirements as it deems fit for its protection, including a lost instrument bond. The Issuer, the Borrower, the Purchaser and the Trustee may charge their reasonable fees and expenses in this connection.

Appears in 2 contracts

Samples: Bond and Loan Agreement, Bond and Loan Agreement

AutoNDA by SimpleDocs

Mutilated, Lost, Stolen or Destroyed Bonds. If any Bond is mutilated, lost, stolen or destroyed, the Purchaser or the Trustee, as the case may be, Trustee will authenticate a new Bond of the same denomination if any mutilated Bond shall first be surrendered to it the Trustee, and if, in the case of any lost, stolen or destroyed Bond, there shall first be furnished to it the Issuer, the Trustee, the Bank and the Borrower Company evidence of such loss, theft or destruction, together with an indemnity satisfactory to each of them to save each of them harmless from all risks related thereto, however remote. If the Bond has matured, instead of issuing a duplicate Bond, the Purchaser or the Trustee may with the consent of the Borrower Company pay the Bond without requiring surrender of the Bond and make such requirements as it the Trustee deems fit for its protection, including a lost instrument bond. The Issuer, the Borrower, the Purchaser Company and the Trustee may charge their reasonable fees and expenses in this connection.

Appears in 1 contract

Samples: A Lease Agreement (Griffith Micro Science International Inc)

Mutilated, Lost, Stolen or Destroyed Bonds. If any Bond is mutilated, lost, stolen or destroyed, the Purchaser or the Trustee, as the case may be, Trustee will authenticate a new Bond of the same denomination if any mutilated Bond shall first be surrendered to it the Trustee, and if, in the case of any lost, stolen or destroyed Bond, there shall first be furnished to it the Issuer, the Trustee, the Bank and the Borrower Company evidence of such loss, theft or destruction, together with an indemnity satisfactory to each of them to save each of them harmless from all risks related thereto, however remote. If the Bond has matured, instead of issuing a duplicate Bond, the Purchaser or the Trustee may with the Company's consent of the Borrower pay the Bond without requiring surrender of the Bond and make such requirements as it the Trustee deems fit for its protection, including a lost instrument bond. The Issuer, the Borrower, the Purchaser Company and the Trustee may charge their reasonable fees and expenses in this connection.

Appears in 1 contract

Samples: Griffith Micro Science International Inc

AutoNDA by SimpleDocs

Mutilated, Lost, Stolen or Destroyed Bonds. If any Bond is ----------- ------------------------------------------ mutilated, lost, stolen or destroyed, the Purchaser or the Trustee, as the case may be, Trustee will authenticate a new Bond of the same denomination if any mutilated Bond shall first be surrendered to it the Trustee, and if, in the case of any lost, stolen or destroyed Bond, there shall first be furnished to it the Issuer, the Trustee, the Letter of Credit Issuer, the Remarketing Agent and the Borrower evidence of such loss, theft or destruction, together with an indemnity satisfactory to each of them to save each of them harmless from all risks related thereto, however remotethem. If the Bond has matured, instead of issuing a duplicate Bond, the Purchaser or the Trustee may with the consent of the Borrower pay the Bond without requiring surrender of the Bond and make such requirements as it the Trustee deems fit for its protection, including a lost instrument bond. The Issuer, the Borrower, the Purchaser Borrower and the Trustee may charge their reasonable fees and expenses in this connection.

Appears in 1 contract

Samples: Indenture of Trust (Pen Tab Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.