Common use of Replacement of Lost Notes Clause in Contracts

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers of the mutilation, destruction, loss or theft of any Revolving Note and the ownership thereof, Borrowers shall, upon the written request of the holder of such Revolving Note, execute and deliver in replacement thereof a new Revolving Note in the same form, in the same original principal amount, so mutilated, destroyed, lost or stolen; and such Revolving Note so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note being replaced has been mutilated, it shall be surrendered to Borrowers after Agent's receipt of the replacement Revolving Note; and if such replaced Revolving Note has been destroyed, lost or stolen, the holder of such Revolving Note shall furnish Borrowers with an indemnity in writing reasonably acceptable to Borrowers to save them harmless in respect of such replaced Revolving Note.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers of the mutilation, destruction, loss or theft of any Revolving Note Notes and the ownership thereof, Borrowers shall, upon the written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the Notes so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to Borrowers after Agent's receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish Borrowers with an indemnity in writing reasonably acceptable to Borrowers to save them harmless in respect of (a) such replaced Revolving NoteNotes and (b) any reasonable legal fees or costs incurred by Borrowers in connection with such indemnity.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers Borrower of the mutilation, destruction, loss or theft of any Revolving Note Notes and the ownership thereof, Borrowers Borrower shall, upon the Loan and Security Agreement (Ashford) written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the Notes so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to Borrowers Borrower after AgentLender's receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish Borrowers Borrower with an indemnity in writing reasonably acceptable to Borrowers Borrower to save them harmless in respect of such replaced Revolving Note.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers the relevant Borrower of the mutilation, destruction, loss or theft of any Revolving Note Notes and the ownership thereof, Borrowers shall, upon the written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to Borrowers after Agent's receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish Borrowers the applicable Borrower with an indemnity in writing reasonably acceptable to Borrowers such Borrower to save them harmless in respect of such replaced Revolving Note.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers Borrower of the mutilation, destruction, loss or theft of any Revolving Note and the ownership thereofNotes, Borrowers Borrower shall, upon the written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the Note so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to Borrowers Borrower after Agent's receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish Borrowers the Borrower with an indemnity in writing reasonably acceptable to Borrowers Borrower to save them harmless in respect of such replaced Revolving Note.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to the Borrowers of the mutilation, destruction, loss or theft of any Revolving Note Notes and the ownership thereof, the Borrowers shall, upon the written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the Notes so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to the Borrowers after Agent's receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish the Borrowers with an indemnity in writing reasonably acceptable to the Borrowers to save them harmless in respect of such replaced Revolving Note.

Replacement of Lost Notes. Upon receipt of evidence reasonably satisfactory to Borrowers of the mutilation, destruction, loss or theft of any Revolving Note Notes and the ownership thereof, Borrowers shall, upon the written request of the holder of such Revolving NoteNotes, execute and deliver in replacement thereof a new Revolving Note Notes in the same form, in the same original principal amount, amount and dated the same date as the Notes so mutilated, destroyed, lost or stolen; and such Revolving Note Notes so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Revolving Note Notes being replaced has have been mutilated, it they shall be surrendered to Borrowers after Agent's ’s receipt of the replacement Revolving NoteNotes; and if such replaced Revolving Note has Notes have been destroyed, lost or stolen, the such holder of such Revolving Note shall furnish Borrowers with an indemnity in writing reasonably acceptable to Borrowers to save hold them harmless for all costs, losses, expenses and claims in respect of such replaced Revolving NoteNotes.