Common use of Lost Securities Clause in Contracts

Lost Securities. Upon receipt by the Company of evidence --------------- satisfactory to it of the loss, theft, destruction or mutilation of any certificate representing Series Y Preferred Stock or Common Stock issued upon conversion thereof and (in the case of loss, theft or destruction) receipt of satisfactory indemnity or (in the case of mutilation) surrender and cancellation of the mutilated certificate, the Company will make, and deliver, in lieu of such certificate, a new certificate of like tenor.

Appears in 1 contract

Sources: Subscription Agreement (Usi Holdings Corp)

Lost Securities. Upon receipt by the Company of evidence satisfactory --------------- satisfactory to it of the loss, theft, destruction or mutilation of any certificate representing Series Y Preferred Stock or Common Stock issued upon conversion thereof and (in the case of loss, theft or destruction) receipt of satisfactory indemnity or (in the case of mutilation) surrender and cancellation of the mutilated certificate, the Company will make, and deliver, in lieu of such certificate, a new certificate of like tenor.

Appears in 1 contract

Sources: Subscription Agreement (Usi Holdings Corp)