Common use of Replacement Note Clause in Contracts

Replacement Note. If this Note is mutilated and surrendered to Maker or if Holders claim and submit an affidavit or other evidence, satisfactory to Maker to the effect that this Note has been lost, destroyed or wrongfully taken, then Maker shall issue a replacement note.

Replacement Note. If this Note is mutilated and is surrendered to Maker Xxxxxxxx, or if Holders claim the Holder claims and submit submits to Borrower an affidavit or other evidence, evidence reasonably satisfactory to Maker Borrower to the effect that this Note has been lost, destroyed or wrongfully taken, then Maker Borrower shall issue a replacement noteNote, provided, that, if required by Borrower, the Holder shall agree in writing to indemnify Borrower from any loss they may suffer as a result of the replacement of this Note.