Common use of Lost, etc. Certificates Evidencing Securities Clause in Contracts

Lost, etc. Certificates Evidencing Securities. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of any certificate evidencing any Securities owned by the Investors, and (in the case of loss, theft or destruction) of an unsecured indemnity satisfactory to it, and upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of such certificate, if mutilated, the Company will make and deliver in lieu of such certificate a new certificate of like tenor and for the number of securities evidenced by such certificate which remain outstanding. The Investors’ agreement of indemnity shall constitute indemnity satisfactory to the Company for purposes of this Section 8.1.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Echo Therapeutics, Inc.), Securities Purchase Agreement (Platinum Partners Value Arbitrage Fund, LP)

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Lost, etc. Certificates Evidencing Securities. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of any certificate evidencing any Securities owned by the InvestorsInvestor, and (in the case of loss, theft or destruction) of an unsecured indemnity satisfactory to it, and upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of such certificate, if mutilated, the Company will make and deliver in lieu of such certificate a new certificate of like tenor and for the number of securities evidenced by such certificate which remain outstanding. The Investors’ Investor’s agreement of indemnity shall constitute indemnity satisfactory to the Company for purposes of this Section 8.1.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Echo Therapeutics, Inc.), Securities Purchase Agreement (Echo Therapeutics, Inc.)

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