Common use of Replacement of Option Clause in Contracts

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.

Appears in 5 contracts

Samples: Stock Purchase Option Agreement (Farber William), Stock Purchase Option Agreement (Perrigo Co), Stock Purchase Option Agreement (Lannett Co Inc)

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