Lost or Destroyed Note Clause Samples
The "Lost or Destroyed Note" clause outlines the procedures to follow if the original promissory note is lost, stolen, or destroyed. Typically, this clause allows the lender to require the borrower to sign a replacement note and may require the borrower to provide an indemnity or other assurances to protect the lender from potential claims on the original note. Its core function is to ensure that the lender's rights and ability to enforce the loan are preserved even if the original note is no longer available, thereby preventing disputes or loss of security due to missing documentation.
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Lost or Destroyed Note. If the Note is lost, mutilated, destroyed or stolen, Borrower will deliver to Lender a new, substitute note containing the same provisions as the Note, provided that Borrower is furnished with reasonably satisfactory evidence of the loss, mutilation, destruction or theft of the Note.
Lost or Destroyed Note. Upon receipt of evidence satisfactory to the Company that this Note has been mutilated, destroyed or lost, and upon proof of ownership and receipt of indemnity from the Lender satisfactory in the form and amount to the Company, the Company shall execute and deliver a new Note stated to mature on the same date and for the same principal amount as this Note so mutilated, destroyed or lost, of like tenor with such notations, if any, as the Company shall reasonably determine, upon surrender and cancellation of, and in exchange and substitution for, such mutilated Note, or in lieu of and in substitution for this Note so destroyed or lost.
Lost or Destroyed Note. Upon receipt by the Borrower of evidence reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of the Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity reasonably satisfactory to the Borrower or, in case of any such mutilation, upon surrender and cancellation of the Note, the Borrower will issue a new promissory note of like tenor in lieu of the Note.
Lost or Destroyed Note. Upon receipt of evidence reasonably satisfactory to Company of the loss, theft, destruction or mutilation of this Note and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and amount to Company, or, in the case of any such mutilation, upon surrender and cancellation of this Note, Company, at its expense, shall execute and deliver, in lieu thereof, a new Note of like date and tenor.
Lost or Destroyed Note. If the Note or Warrant becomes mutilated and is surrendered by CMGI with respect thereto to Engage, or if CMGI claims that its Note or Warrant has been lost, destroyed or wrongfully taken, Engage shall execute and deliver to CMGI a replacement Note or Warrant, upon the affidavit of CMGI attesting to such loss, destruction or wrongful taking with respect to such Note or Warrant and such lost, destroyed, mutilated, surrendered or wrongfully taken Note or Warrant shall be deemed to be canceled for all purposes hereof. Such affidavit shall be accepted as satisfactory evidence of the loss, wrongful taking or destruction thereof and no indemnity shall be required as a condition of the execution and delivery of a replacement Note or Warrant. Any costs and expenses of Engage in replacing any such Note or Warrant shall be for the account of CMGI.
Lost or Destroyed Note. If the Note is defaced, lost or destroyed it may be renewed on such terms (if any) as to evidence and indemnity as SITA SC (or the applicable SITA Group Company) may require but so that in the case of defacement, the defaced Note shall be surrendered before a new Note is issued. Transition and Management Agreement Schedule F (Equant Asset Funding Arrangements) Restated Version with Amendment 1 (Errata) F-6 Dated: 30 November 2001 between Equant N.V., a Dutch company having its registered office at 21-23 Gatwickstraat, 1043 GL Amsterdam (“Equant N.V.”) and Société Internationale de Télécommunications Aéronautiques S.C., a Belgian co-operative company having its registered office at 1▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, B-1140, Brussels, Belgium (“SITA SC”) (each, a “Party” and together, the “Parties”).
Lost or Destroyed Note. Upon the receipt of evidence reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of the Note, and in the case of any loss, theft or destruction upon delivery to the Borrower of a bond or indemnity or in the case any such mutilation of a note, upon surrender to the Borrower of such note, the Borrower will issue a new note, of like tenor and principal amount and dated as of the date to which interest has been paid on the note so lost, stolen, destroyed or mutilated, in lieu of or in exchange for such lost, stolen, destroyed or mutilated note, but representing the same indebtedness evidenced by the lost, stolen, destroyed or mutilated note.