Common use of Replacement of Debentures Clause in Contracts

Replacement of Debentures. Upon receipt by the Corporation of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of this Debenture, and (i) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it, or (ii) in the case of mutilation, upon surrender and cancellation thereof, the Corporation at its own expense shall execute and deliver, in lieu thereof, a new Debenture, dated and bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Debenture or dated the date of such lost, stolen, destroyed or mutilated Debenture if no interest shall have been paid thereon.

Appears in 3 contracts

Samples: Debenture Purchase Agreement (Moore Corporation LTD), Debenture Purchase Agreement (Chancery Lane/GSC Investors Lp), Debenture Purchase Agreement (Moore Corporation LTD)

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Replacement of Debentures. Upon receipt by the Corporation Company of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of this any Debenture, and and (ia) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it, or or (iib) in the case of mutilation, upon surrender and cancellation thereof, the Corporation Company at its own expense shall execute and deliver, in lieu thereof, a new Debenture, dated and bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Debenture or dated the date of such lost, stolen, destroyed or mutilated Debenture if no interest shall have been paid thereon.

Appears in 1 contract

Samples: Purchase Agreement (Benesse Corp)

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Replacement of Debentures. Upon receipt by the Corporation Company of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of this any Debenture, and and: (ia) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it, or or (iib) in the case of mutilation, upon surrender and cancellation thereof, the Corporation Company at its own expense shall execute and deliver, in lieu thereof, a new Debenture, dated and bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Debenture or dated the date of such lost, stolen, destroyed or mutilated Debenture if no interest shall have been paid thereon.

Appears in 1 contract

Samples: Purchase Agreement (United Road Services Inc)

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