Common use of Replacement of Lost Securities Clause in Contracts

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

Appears in 5 contracts

Samples: Note and Equity Purchase Agreement (American Capital Strategies LTD), Note and Equity Purchase Agreement (Encore Medical Corp), Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

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

Appears in 4 contracts

Samples: Purchase Agreement (Environmental Tectonics Corp), Purchase Agreement (Environmental Tectonics Corp), Convertible Note and Warrant Purchase Agreement (Lenfest H F)

Replacement of Lost Securities. Upon receipt of evidence reasonably satisfactory to the Loan Parties Company of the mutilation, destruction, loss or theft of any Securities and the ownership thereof, the Loan Parties Company shall, upon the written request of the holder of such Securities, execute and deliver in replacement thereof new Securities in the same form, in the same original principal amount tenor and dated the same date as the Securities so mutilated, destroyed, lost or stolen; and such Securities so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Securities being replaced have been mutilated, they shall be surrendered to the Loan PartiesCompany; and if such replaced Securities have been destroyed, lost or stolen, such holder shall furnish the Loan Parties Company with an indemnity in writing to save it the Company harmless in respect of such replaced SecuritySecurities.

Appears in 2 contracts

Samples: Note Purchase Agreement (Epicept Corp), Note Purchase Agreement (Epicept Corp)

Replacement of Lost Securities. Upon receipt of evidence reasonably ------------------------------ satisfactory to the Loan Parties of the mutilation, destruction, loss or theft of any Securities and the ownership thereof, the Loan Parties shall, upon the written request of the holder of such Securities, execute and deliver in replacement thereof new Securities in the same form, in the same original principal amount and dated the same date as the Securities so mutilated, destroyed, lost or stolen; and such Securities so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Securities being replaced have been mutilated, they shall be surrendered to the Loan Parties; and if such replaced Securities have been destroyed, lost or stolen, such holder shall furnish the Loan Parties with an indemnity in writing to save it harmless in respect of such replaced Security.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Encore Medical Corp)

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Replacement of Lost Securities. Upon receipt of evidence reasonably satisfactory to the Loan Parties of the mutilation, destruction, loss or theft of any Securities and the ownership thereof, the Loan Parties shall, upon the written request of the holder of such Securities, execute and deliver in replacement thereof new Securities in the same form, in the same original principal amount and dated the same date as the Securities so mutilated, destroyed, lost or stolen; and such Securities so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Securities being replaced have been mutilated, they shall be surrendered to the Loan Parties; and if such replaced Securities have been destroyed, lost or stolen, such holder shall furnish the Loan Parties with an indemnity in writing to save it harmless in respect of such replaced Security.. 6.5

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Middleby Corp)

Replacement of Lost Securities. Upon receipt of evidence reasonably satisfactory to the Loan Parties Company of the mutilation, destruction, loss or theft of any Securities and the ownership thereof, the Loan Parties Company shall, upon the written request of the holder of such Securities, execute and deliver in replacement thereof new Securities in the same form, in the same original principal amount and dated the same date as the Securities so mutilated, destroyed, lost or stolen; and such Securities so mutilated, destroyed, lost or stolen shall then be deemed no longer outstanding hereunder. If the Securities being replaced have been mutilated, they shall be surrendered to the Loan PartiesCompany; and if such replaced Securities have been destroyed, lost or stolen, such holder shall furnish the Loan Parties Company with an indemnity in writing in form and substance satisfactory to the Company to save it harmless in respect of such replaced Security.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (ASAlliances Biofuels, LLC)

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