Common use of Mutilated, Destroyed, Lost or Stolen Debt Securities Clause in Contracts

Mutilated, Destroyed, Lost or Stolen Debt Securities. In case any temporary or definitive Debt Security shall become mutilated or be destroyed, lost or stolen, the Company in the case of a mutilated Debt Security shall, and in the case of a lost, stolen or destroyed Debt Security may in its discretion, execute and, upon the written request or authorization of any officer of the Company, the Trustee or the Authenticating Agent shall authenticate and deliver, a new Debt Security of the same series, bearing a number not contemporaneously outstanding in exchange and substitution for the mutilated Debt Security, or in lieu of and in substitution for the Debt Security so destroyed, lost or stolen. In every case the applicant for a substituted Debt Security shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of such Debt Security and of the ownership thereof. 8

Appears in 2 contracts

Sources: Indenture (McDonalds Corp), Indenture (McDonalds Corp)