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

Mutilated, Lost, Stolen or Destroyed Bonds. In the event any Bond is mutilated, lost, stolen or destroyed, the Issuer shall execute and the Trustee shall authenticate a new Bond of like denomination, interest rate, series, maturity and tenor in exchange and substitution for and upon cancellation of such mutilated Bond or in lieu of and in substitution for such lost, stolen or destroyed Bond, upon payment by the Owner thereof of any applicable tax or governmental charge and the reasonable expenses and charges of the Issuer and the Trustee in connection therewith, and in the case of a Xxxx lost, stolen or destroyed, the filing with the Trustee of evidence satisfactory to it that such Xxxx was lost, stolen or destroyed, and of the ownership thereof, and furnishing the Issuer and the Trustee with indemnity satisfactory to each of them. In the event any such Bond shall have matured, instead of issuing a duplicate Bond or Bonds the Issuer may pay the same without surrender thereof.

Appears in 2 contracts

Samples: Trust Indenture, Multifamily Housing Revenue

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Mutilated, Lost, Stolen or Destroyed Bonds. In the event any Bond is mutilated, lost, stolen or destroyed, the Issuer shall execute and the Trustee shall authenticate a new Bond of like denomination, interest rate, series, maturity and tenor in exchange and substitution for and upon cancellation of such mutilated Bond or in lieu of and in substitution for such lost, stolen or destroyed Bond, upon payment by the Owner thereof of any applicable tax or governmental charge and the reasonable expenses and charges of the Issuer and the Trustee in connection therewith, and in the case of a Xxxx Bond lost, stolen or destroyed, the filing with the Trustee of evidence satisfactory to it that such Xxxx Bond was lost, stolen or destroyed, and of the ownership thereof, and furnishing the Issuer and the Trustee with indemnity satisfactory to each of them. In the event any such Bond shall have matured, instead of issuing a duplicate Bond or Bonds the Issuer may pay the same without surrender thereof.

Appears in 1 contract

Samples: Multifamily Housing Revenue

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Mutilated, Lost, Stolen or Destroyed Bonds. In the event If any Bond Xxxx is mutilated, lost, stolen or destroyed, the Issuer shall may execute and the Trustee shall (upon the receipt of a written authorization from the Issuer) may authenticate and deliver a new Bond of like denomination, interest rate, series, maturity the same aggregate principal amount and tenor in exchange and substitution for and upon cancellation of such mutilated Bond or in lieu of and in substitution for such the Bond mutilated, lost, stolen or destroyed destroyed; provided that, in the case of any mutilated Bond, upon payment by such mutilated Bond shall first be surrendered to the Owner thereof of any applicable tax or governmental charge and the reasonable expenses and charges of the Issuer and the Trustee in connection therewithTrustee, as Xxxx Registrar, and in the case of a Xxxx any lost, stolen or destroyeddestroyed Xxxx, the filing with there shall be first furnished to the Trustee of evidence satisfactory to it that such Xxxx was lost, stolen or destroyed, and of the ownership thereofof such Bond and of such loss, and furnishing the Issuer and the Trustee theft or destruction, together with indemnity satisfactory to each of themit. In the event If any such Bond shall have maturedmatured or a redemption date pertaining thereto shall have passed, instead of issuing a duplicate new Bond or Bonds the Issuer may pay the same without surrender thereof. The Issuer and the Trustee may charge the Holder of such Bond with their fees and expenses in this connection.

Appears in 1 contract

Samples: Trust Indenture

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