Common use of New Certificates Clause in Contracts

New Certificates. The Company shall issue a new Certificate in place of any Certificate previously issued if the record holder of the Certificate (a) makes proof by affidavit, in form and substance satisfactory to the Company Board, that a previously issued Certificate has been lost, destroyed or stolen, (b) requests the issuance of a new Certificate before the Company has received notice that the Certificate has been acquired by a purchaser for value in good faith and without notice of an adverse claim, (c) if requested by the Company Board, delivers to the Company a bond, in form and substance satisfactory to the Company Board, with such surety or sureties and with fixed or open liability as the Company Board may direct, to indemnify the Company, as registrar, against any claim that may be made on account of the alleged loss, destruction or theft of the Certificate, and (d) satisfies any other reasonable requirements imposed by the Company Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Red Hat Inc), Limited Liability Company Agreement (Red Hat Inc)

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New Certificates. The Company shall issue a new Certificate in place of any Certificate previously issued if the record holder of the Certificate (ai) makes proof by affidavit, in form and substance satisfactory to the Company Board, that a previously issued Certificate has been lost, destroyed or stolen, (bii) requests the issuance of a new Certificate before the Company has received notice that the Certificate has been acquired by a purchaser for value in good faith and without notice of an adverse claim, (ciii) if requested by the Company Board, delivers to the Company a bond, in form and substance satisfactory to the Company Board, with such surety or sureties and with fixed or open liability as the Company Board may direct, to indemnify the Company, as registrar, against any claim that may be made on account of the alleged loss, destruction or theft of the Certificate, and (div) satisfies any other reasonable requirements imposed by the Company Board.

Appears in 2 contracts

Samples: Operating Agreement (Chesapeake Corp /Va/), Operating Agreement (Georgia Pacific Corp)

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New Certificates. The Company shall issue a new Certificate certificate in place of any Certificate previously issued if the record holder of the Certificate certificate (a) makes proof by affidavit, in form and substance satisfactory to the Company Board, that a previously issued Certificate certificate has been lost, destroyed or stolen, (b) requests the issuance of a new Certificate certificate before the Company has received notice that the Certificate certificate has been acquired by a purchaser for value in good faith and without notice of an adverse claim, (c) if requested by the Company Board, delivers to the Company a bond, in form and substance satisfactory to the Company Board, with such surety or sureties and with fixed or open liability as the Company Board may direct, to indemnify the Company, as registrar, against any claim that may be made on account of the alleged loss, destruction or theft of the Certificatecertificate, and (d) satisfies any other reasonable requirements imposed by the Company Board.

Appears in 1 contract

Samples: Operating Agreement (Metaldyne Corp)

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