Replacement of Option. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Option and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and substance to the Company or, in the case of mutilation, on surrender and cancellation of this Option, the Company at its expense shall execute and deliver, in lieu of this Option, a new Option of like tenor and amount.
Replacement of Option. Upon receipt of evidence reasonably satisfactory to the Company of the ownership of and the loss, theft, destruction or mutilation of this Option and (in case of loss, theft or destruction) upon delivery of an indemnity agreement in an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon surrender and cancellation of the mutilated Option, the Company will execute and deliver, in lieu thereof, a new Option of like tenor.
Replacement of Option. Upon receipt by Xxxxxx of evidence reasonably satisfactory to him of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Xxxxxx will execute and deliver a new Agreement of like tenor and date.
Replacement of Option. On receipt of evidence reasonably satisfactory to the Company of the loss, theft or destruction of this Option, and, if requested, upon delivery of an indemnity agreement reasonably satisfactory to the Company, the Company at its expense shall execute and deliver, in lieu of this Option, a new replacement Option.
Replacement of Option. If this Option is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Option, a new Option, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity (which shall not include a surety bond), if requested. Applicants for a new Option under such circumstances shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe. If a new Option is requested as a result of a mutilation of this Option, then the Holder shall deliver such mutilated Option to the Company as a condition precedent to the Company’s obligation to issue the new Option.
Replacement of Option. Upon receipt by Marquee of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Option, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and upon surrender and cancellation of this Option, if mutilated, Marquee will make and deliver a new Option of like tenor, in lieu of this Option. This Option shall be promptly canceled by Marquee upon the surrender thereof in connection with any exchange or replacement. Optionee shall pay all expenses, taxes and other charges payable in connection with the preparation, execution and delivery of a replacement Option pursuant to this Section 5.
Replacement of Option. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Stock Option Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Stock Option Agreement, if mutilated, the Company will execute and deliver a new agreement of like tenor and date.
Replacement of Option. On receipt of evidence reasonably satisfactory to the Grantor of the loss, theft, destruction or mutilation of this Agreement and the Option and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and substance to the Grantor or, in the case of mutilation, on surrender and cancellation of this Agreement, the Grantor at its expense shall execute and deliver to the Purchaser, in lieu of this Agreement and the Option, a new instrument of like tenor and amount.
Replacement of Option. On receipt of evidence reasonably satisfactory to the Parent of the loss, theft, destruction or mutilation of this Option and, in the case of any such loss, theft or destruction of this Option, on delivery of an indemnity agreement or security reasonably satisfactory in form and amount to the Parent or, in the case of any such mutilation, on surrender and cancellation of this Option, the Parent at its expense will execute and deliver, in lieu thereof, a new Option of like tenor.
Replacement of Option. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Option, the Company shall execute and deliver, in lieu of this Option, a new option of like tenor and amount. At the request of the Company, the Holder shall provide the Company with an executed Lost Option Affidavit substantially in the form of Annex B attached hereto, each at the cost of the Holder, in order to provide reasonable protection to the Company concerning the replacement of this Option.
