Common use of Loss of Certificates Clause in Contracts

Loss of Certificates. If a certificate which immediately before the Effective Time represented an outstanding Share that was acquired by the Purchaser pursuant to Section 3.1 has been lost, stolen or destroyed, upon the making of an affidavit of that fact by the former holder of such Share, the Depositary will deliver to such person or make available for pick up at its offices in exchange for such lost, stolen or destroyed certificate, the Share Consideration the former holder of such Share is entitled to receive pursuant to Section 3.1 in accordance with the instructions in such holder’s Letter of Transmittal. When authorizing such payment in relation to any lost, stolen or destroyed certificate, the former holder of such Share will, as a condition precedent to the delivery of such Share Consideration give a bond satisfactory to the Company, the Purchaser and the Depositary in such sum as the Purchaser may direct or otherwise indemnify the Company and the Purchaser in a manner satisfactory to the Company and the Purchaser against any claim that may be made against the Company or the Purchaser with respect to the certificate alleged to have been lost, stolen or destroyed.

Appears in 4 contracts

Samples: Second Amending Agreement (Norsat International Inc.), Arrangement Agreement (Privet Fund LP), Arrangement Agreement (Norsat International Inc.)

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Loss of Certificates. If a In the event any certificate which immediately before prior to the Effective Time represented an any outstanding Share Company Shares that was were acquired by the Purchaser pursuant to Section 3.1 has been lost, stolen or destroyed, upon the making of an affidavit of that fact by the former holder of such ShareCompany Shares, the Depositary will deliver to such person or make available for pick up at its offices issue in exchange for such lost, stolen or destroyed certificate, the Share Consideration to which the former holder of such Share Company Shares is entitled to receive pursuant to Section 3.1 hereof in accordance with the instructions in such holder’s Letter of Transmittal. When authorizing such payment in relation to any lost, stolen or destroyed certificate, the former holder of such Share Company Shares will, as a condition precedent to the delivery of such Share Consideration Consideration, give a bond satisfactory to the Company, the Purchaser and the Depositary in such sum as the Purchaser may direct or otherwise indemnify the Company and the Purchaser in a manner satisfactory to the Company and the Purchaser against any claim that may be made against the Company or the Purchaser with respect to the certificate alleged to have been lost, stolen or destroyed.

Appears in 1 contract

Samples: Arrangement Agreement (Us Concrete Inc)

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