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Common use of Replacement of Shares Clause in Contracts

Replacement of Shares. 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 (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 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 Securities.

Appears in 2 contracts

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

Replacement of Shares. If any certificate or instrument evidencing any Securities 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 destruction 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 Securities.

Appears in 2 contracts

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

Replacement of Shares. If If, subsequent to the date hereof, any certificate or instrument evidencing any Securities 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 and customary and reasonable indemnity or bond, if requesteddestruction. 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 Securitiescertificates.

Appears in 2 contracts

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

Replacement of Shares. If any certificate or instrument evidencing any Securities 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 destruction 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 SecuritiesOrdinary Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (ASLAN Pharmaceuticals LTD)

Replacement of Shares. If any certificate or instrument evidencing any Securities 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 and receipt of a customary and reasonable indemnity or bond, if requesteddocument. 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 SecuritiesShares.

Appears in 1 contract

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

Replacement of Shares. If any certificate or instrument evidencing any Securities 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 and customary and reasonable indemnity or bond, if requesteddestruction. 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 SecuritiesShares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cerulean Pharma Inc.)

Replacement of Shares. If any certificate or instrument evidencing any Securities is Shares 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 destruction and customary and reasonable indemnity or bond, if requestedexecution 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 SecuritiesShares.

Appears in 1 contract

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