Common use of Replacement of Lost, Damaged or Destroyed Stock Certificate Clause in Contracts

Replacement of Lost, Damaged or Destroyed Stock Certificate. Notwithstanding Section 4.5 above, the Bank agrees that, if any certificates evidencing or representing the Pledged Stock are lost, damaged or destroyed while in the Bank’s possession, custody or control, the Bank shall be responsible for replacing any such certificates and for the cost of doing so, and the Pledgor shall reasonably cooperate with the Bank in connection with any such replacement.