Common use of Replacement of Shares Clause in Contracts

Replacement of Shares. If, subsequent to the date hereof, any certificate or instrument evidencing any of the Preferred Shares or Common Shares is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificates.

Appears in 2 contracts

Samples: Securities Exchange Agreement (Meridian Waste Solutions, Inc.), Securities Exchange Agreement (Meridian Waste Solutions, Inc.)

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Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Shares 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 (in the case of mutilation), 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 destructiondestruction and customary and reasonable indemnity or bond, if requested. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Orchard Therapeutics PLC), Securities Purchase Agreement (Orchard Therapeutics PLC)

Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Shares Security is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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 destructiondestruction and customary and reasonable indemnity or bond, if requested. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Molecular Templates, Inc.), Securities Purchase Agreement (Molecular Templates, Inc.)

Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Shares is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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 destructiondestruction and receipt of a customary indemnity document. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesShares.

Appears in 1 contract

Samples: Securities Purchase Agreement (One Stop Systems, Inc.)

Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Ordinary Shares is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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 destructiondestruction and customary and reasonable indemnity or bond, if requested. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesOrdinary Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (ASLAN Pharmaceuticals LTD)

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Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Shares is are mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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 destructiondestruction and execution of the Company’s usual form of lost share affidavit. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesShares.

Appears in 1 contract

Samples: Placement Agency Agreement (Virios Therapeutics, Inc.)

Replacement of Shares. If, subsequent to the date hereof, If any certificate or instrument evidencing any of the Preferred Shares or Common Shares is mutilated, lost, stolen or destroyed, the Company shall may, on such terms as to indemnity or otherwise as it may reasonably impose, issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), 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. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement certificatesShares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cerulean Pharma Inc.)

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