Common use of Bonds Mutilated, Lost, Destroyed or Stolen Clause in Contracts

Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become mutilated, the County, at the expense of the Owner of said Bond, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in exchange and substitution for the Bond so mutilated, but only upon surrender to the Fiscal Agent of the Bond so mutilated. Every mutilated Bond so surrendered to the Fiscal Agent shall be canceled by it and destroyed by the Fiscal Agent who shall, upon request of the County, deliver a certificate of destruction thereof to the County. If any Bond shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Fiscal Agent and, if such evidence be satisfactory to the Fiscal Agent and indemnity for the County and the Fiscal Agent satisfactory to the Fiscal Agent shall be given, the County, at the expense of the Owner, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in lieu of and in substitution for the Bond so lost, destroyed or stolen. The County may require payment of a sum not exceeding the actual cost of preparing each new Bond delivered under this Section 2.11 and of the expenses which may be incurred by the County and the Fiscal Agent for the preparation, execution, authentication and delivery. Any Bond delivered under the provisions of this Section in lieu of any Bond alleged to be lost, destroyed or stolen shall constitute an original additional contractual obligation on the part of the County whether or not the Bond so alleged to be lost, destroyed or stolen is at any time enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this Agreement with all other Bonds issued pursuant to this Agreement.

Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become mutilated, the County, at the expense of the Owner of said Bond, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in exchange and substitution for the Bond so mutilated, but only upon surrender to the Fiscal Agent of the Bond so mutilated. Every mutilated Bond so surrendered to the Fiscal Agent shall be canceled by it and destroyed by the Fiscal Agent who shall, upon request of the County, deliver a certificate of destruction thereof to the CountyAgent. If any Bond shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Fiscal Agent and, if such evidence be satisfactory to the Fiscal Agent it and indemnity for the County and the Fiscal Agent satisfactory to the Fiscal Agent shall be given, the County, at the expense of the Owner, shall execute, and the Fiscal Agent shall authenticate and deliver, a new Bond of like tenor and principal amount in lieu of and in substitution for the Bond so lost, destroyed or stolen. The County may require payment of a sum not exceeding the actual cost of preparing each new Bond delivered under this Section 2.11 and of the expenses which may be incurred by the County and the Fiscal Agent for the preparation, execution, authentication and delivery. Any Bond delivered under the provisions of this Section in lieu of any Bond alleged to be lost, destroyed or stolen shall constitute an original additional contractual obligation on the part of the County whether or not the Bond so alleged to be lost, destroyed or stolen is at any time enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this Agreement with all other Bonds issued pursuant to this Agreement.

Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become mutilated, the County, upon the request and at the expense of the Owner holder of said Bond, shall execute, and the Fiscal Agent Registrar shall thereupon authenticate and deliver, a new Bond of like tenor and principal amount number in exchange and substitution for the Bond so mutilated, but only upon surrender to the Fiscal Agent Registrar of the Bond Bonds so mutilated. Every mutilated Bond so surrendered to the Fiscal Agent Registrar shall be canceled cancelled by it and destroyed by the Fiscal Agent who shalland, upon the written request of the County, deliver a certificate of evidencing such destruction thereof shall be delivered to the County, with a copy to the Borrower. If any Bond issued hereunder shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Fiscal Agent andCounty, the Borrower and the Registrar, and if such evidence be satisfactory to the Fiscal Agent them and indemnity for the County and the Fiscal Agent satisfactory to the Fiscal Agent them shall be givengiven by or on behalf of the holder of such lost, destroyed or stolen Bond, the County, at the expense of the Ownerholder, shall execute, and the Fiscal Agent Registrar shall thereupon authenticate and deliver, a new Bond of like tenor and principal amount in lieu of and in substitution for the Bond so lost, destroyed or stolenstolen (or if any such Bond shall have matured or shall be about to mature, instead of issuing a substitute Bond the Registrar may pay the same without surrender thereof). The County may require payment of a sum not exceeding the actual cost of preparing reasonable fee for each new Bond delivered issued under this Section 2.11 and payment of the expenses which may be incurred by the County and the Fiscal Agent for the preparation, execution, authentication and deliveryRegistrar. Any Bond delivered issued under the provisions of this Section in lieu of any Bond mutilated or alleged to be lost, destroyed or stolen shall constitute an original additional contractual obligation on the part of the County whether or not the Bond mutilated or so alleged to be lost, destroyed or stolen is shall be at any time enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this Agreement Indenture with all other Bonds issued pursuant to secured by this AgreementIndenture.

Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become mutilated, the County, at the expense of the Owner of said Bond, shall execute, and the Fiscal Agent Trustee shall thereupon authenticate and deliver, a new Bond of like tenor and principal amount in exchange and substitution for the Bond so mutilated, but only upon surrender to the Fiscal Agent Trustee of the Bond so mutilated. Every mutilated Bond so surrendered to the Fiscal Agent Trustee shall be canceled by it and destroyed by delivered to, or upon the Fiscal Agent who shallorder of, upon request of the County, deliver a certificate of destruction thereof to the County. If any Bond shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Fiscal Agent Trustee and, if such evidence be and indemnity satisfactory to the Fiscal Agent and indemnity for the County and the Fiscal Agent satisfactory to the Fiscal Agent Trustee shall be given, the County, at the expense of the Owner, shall execute, and the Fiscal Agent Trustee shall thereupon authenticate and deliver, a new Bond of like tenor and principal amount in lieu of and in substitution replacement for the Bond so lost, destroyed or stolenstolen (or if any such Bond shall have matured or shall be about to mature, instead of issuing a replacement Bond, the Trustee may pay the same without surrender thereof). The County may require payment by the Owner of a sum not exceeding the actual cost of preparing each new replacement Bond delivered issued under this Section 2.11 and of the expenses which may be incurred by the County and the Fiscal Agent for the preparation, execution, authentication and deliveryTrustee. Any Bond delivered issued under the provisions of this Section in lieu of any Bond alleged to be lost, destroyed or stolen shall constitute an original additional contractual obligation on the part of the County whether or not the Bond so alleged to be lost, destroyed or stolen is be at any time enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this Agreement Indenture with all other Bonds issued pursuant to secured by this AgreementIndenture.