Common use of LOST BONDS Clause in Contracts

LOST BONDS. If the Purchaser (or any institutional holder that is an “accredited investor” as defined in Rule 501(a) under the Securities Act of 1933) is the registered owner of any Bond, then an affidavit of the Purchaser’s (or such institutional holder’s) authorized officer setting forth the fact of loss, theft or destruction and of the Purchaser’s (or such institutional holder’s) ownership of any such Bond at the time of such loss, theft or destruction shall be accepted as satisfactory evidence thereof and no indemnity, other than the Purchaser’s (or such institutional holder’s) written agreement to indemnify the Company and the Trustee, shall be required as a condition to the issuance of a new Bond or the making of any payment under Section 2.12 of the Original Indenture.

Appears in 2 contracts

Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)

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LOST BONDS. If the Purchaser (or any institutional holder that is an "accredited investor" as defined in Rule 501(a) under the Securities Act of 1933) is the registered owner of any Bond, then an affidavit of the Purchaser’s 's (or such institutional holder’s's) authorized officer setting forth the fact of loss, theft or destruction and of the Purchaser’s 's (or such institutional holder’s's) ownership of any such Bond at the time of such loss, theft or destruction shall be accepted as satisfactory evidence thereof and no indemnity, other than the Purchaser’s 's (or such institutional holder’s's) written agreement to indemnify the Company and the Trustee, shall be required as a condition to the issuance of a new Bond or the making of any payment under Section 2.12 of the Original Indenture.

Appears in 2 contracts

Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)

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