Common use of Lost Note, Etc Clause in Contracts

Lost Note, Etc. Upon receipt of an affidavit of an officer of any Lender as to the loss, theft, destruction or mutilation of any Note or any Security Document which is not a public record and, in the case of any such loss, theft, destruction or mutilation, upon cancellation of such Note or Security Document, if available, the Borrowers will issue, in lieu thereof, a replacement Note or other Security Document in the same principal amount thereof and otherwise of like tenor.

Lost Note, Etc. Upon receipt of an affidavit of loss and indemnification of an officer of any the Lender as to the loss, theft, destruction or mutilation of any Note or any Security Document which is not a public record and, in the case of any such loss, theft, destruction or mutilation, and upon cancellation of such Note or Security Document, if available, the Borrowers will Borrower agrees to issue, in lieu thereof, a replacement Note or other Security Document in the same principal amount thereof as the original and otherwise of like tenor.