Replacement Stapled Securities Clause Samples

Replacement Stapled Securities. If any mutilated Stapled Security is surrendered to the Security Registrar, the Security Custodian or the Company and the Security Registrar and Security Custodian receive evidence to their satisfaction of the destruction, loss or theft of any Stapled Security, the Company will issue and the Security Registrar and Security Custodian, upon receipt of an Authentication Order, will authenticate a replacement Stapled Security if their requirements are met. If required by the Security Registrar, Security Custodian or the Company, an indemnity bond must be supplied by the Security Holder that is sufficient in the judgment of the (i) the Security Registrar and Security Custodian to protect them and (ii) the Company to protect the Company, the Security Registrar, Security Custodian, any Agent and any authenticating agent from any loss that any of them may suffer if a Stapled Security is replaced. The Company may charge for its expenses in replacing a Stapled Security.