Common use of Lost or destroyed Notes Clause in Contracts

Lost or destroyed Notes. If a Convertible Loan Note is defaced, lost or destroyed it may be renewed on payment of such fee as is reasonable and on such terms (if any) as to evidence and indemnity as the Board may reasonably require but so that in the case of defacement the defaced Convertible Loan Note shall be surrendered before a new Convertible Loan Note is issued. An entry as to the issue of a new Convertible Loan Note and indemnity (if any) shall be made in the Register.