Common use of The Principal Clause in Contracts

The Principal. Paying Agent shall obtain verification, in the case of an allegedly lost, stolen or destroyed Security, Coupon or Talon in respect of which the serial number is known, that the Security, Coupon or Talon has not previously been redeemed, paid or exchanged, as the case may be. The Principal Paying Agent shall not issue a replacement Security, Coupon or Talon unless and until the applicant has: 14.4.1 paid such expenses and costs as may be incurred in connection with the replacement; 14.4.2 furnished it with such evidence and indemnity as the Issuer and the Principal Paying Agent may reasonably require; and 14.4.3 in the case of a mutilated or defaced Security, Coupon or Talon, surrendered it to the Principal Paying Agent.

The Principal. Paying Agent shall obtain verification, in the case of an allegedly lost, stolen or destroyed Security, Coupon or Talon in respect of which the serial number is known, that the Security, Coupon or Talon has not previously been redeemed, paid or exchanged, as the case may be. The Principal Paying Agent shall not issue a replacement Security, Coupon or Talon unless and until the applicant has: 14.4.1 paid such expenses and costs as may be incurred in connection with the replacement; 14.4.2 furnished it with such evidence and indemnity as the Issuer and the Principal Paying Agent may reasonably require; and 14.4.3 in the case of a mutilated or defaced Security, Coupon or TalonXxxxx, surrendered it to the Principal Paying Agent.