Replacement Debt Document Clause Samples

Replacement Debt Document. (i) The Lender shall ensure that any replacement Debt Document issued pursuant to the exercise of an Interest Rate Switch (A) complies in all respects with the terms of Section 2.08(a)(ii), (B) is executed by duly authorized representative(s) of the Borrower and each Guarantor (if any), and (C) is otherwise identical in substance (except with respect to dates, face amounts, interest rates and the identity of any Debt Holder(s) being replaced); and (ii) following the issuance of a Disbursement Approval with respect to any Disbursement, if any Debt Document evidencing such Disbursement is mutilated, lost, stolen or destroyed, the Borrower shall issue and deliver a replacement Debt Document of the same date, maturity and denomination as the Debt Document so mutilated, lost, stolen or destroyed. The Lender shall ensure that any such replacement Debt Document is identical in form to the Debt Document being replaced.