Common use of MUTILATED OR MISSING OPTION Clause in Contracts

MUTILATED OR MISSING OPTION. In case the certificate or certificates evidencing the Option shall be mutilated, lost, stolen or destroyed, the Company shall, at the request of the Optionholder, issue and deliver in exchange and substitution for and upon cancellation of the mutilated certificate or certificates, or in lieu of and substitution for the certificate or certificates lost, stolen or destroyed, a new Option certificate or certificates of like tenor and representing an equivalent right or interest, but only upon receipt of evidence satisfactory to the Company of such loss, theft or destruction of such Option and of bond of indemnity, if requested, also satisfactory in form and amount at the applicant's cost. Applicants for such substitute Option certificate shall also comply with such other reasonable regulations and pay such other reasonable charges as the Company may prescribe.

MUTILATED OR MISSING OPTION. In case the certificate or certificates evidencing the this Option shall be mutilated, lost, stolen or destroyed, the Company shall, at the request of the OptionholderOptionee, issue and deliver in exchange and substitution for and upon cancellation of the mutilated certificate or certificates, or in lieu of and substitution for the certificate or certificates lost, stolen or destroyed, a new Option certificate or certificates of like tenor and representing an equivalent right or interest, but only upon receipt of evidence satisfactory to the Company of such loss, theft or destruction of such Option and of a bond of indemnity, if requested, also satisfactory to the Company in form and amount amount, and issued at the applicant's cost. Applicants for such substitute Option certificate shall also comply with such other reasonable regulations and pay such other reasonable charges as the Company may prescribe.