Common use of Replacement of Securities Clause in Contracts

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate or instrument under such circumstances shall comply with all other reasonable regulations and procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribe.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Neorx Corp), Securities Purchase Agreement (Response Biomedical Corp)

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Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation D/JLM/630371.1 thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a any new certificate or instrument under such circumstances shall comply with all other reasonable regulations and procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribeSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Geocom Resources Inc), Securities Purchase Agreement (Geocom Resources Inc)

Replacement of Securities. If any certificate or instrument evidencing any Company Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate or instrument under such circumstances shall also comply with all other reasonable applicable regulations and reasonable procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribeSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hi Tech Pharmacal Co Inc), Securities Purchase Agreement (Able Laboratories Inc)

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and and, if requested, customary and reasonable indemnity, if requested. The applicants for If any Purchaser seeks a new certificate or instrument under such circumstances circumstances, it shall also comply with all such other reasonable regulations and procedures and also pay any such other reasonable third-third party costs associated with the issuance of such replacement Securities as the Company may prescribe.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Blue Rhino Corp), Securities Purchase Agreement (Blue Rhino Corp)

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnityindemnity (which may include a reasonable surety bond), if requested. The applicants for a new certificate or instrument under such circumstances shall comply with all other reasonable regulations and procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribeSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Surebeam Corp), Securities Purchase Agreement (Surebeam Corp)

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Replacement of Securities. If any certificate certificate(s) or instrument instrument(s) evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate certificate(s) or instrumentinstrument(s), but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate or instrument under such circumstances shall comply with all other reasonable regulations and procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribeSecurities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Shea Development Corp.)

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation CW677510.2 thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a any new certificate or instrument under such circumstances shall comply with all other reasonable regulations and procedures and also pay any reasonable third-party costs associated with the issuance of such replacement Securities as the Company may prescribeSecurities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Geocom Resources Inc)

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