Common use of Replacement Bonds Clause in Contracts

Replacement Bonds. Replacement Bonds shall be issued pursuant to applicable law as a result of the destruction, loss or mutilation of the Bonds. The costs of a replacement shall be paid or reimbursed by the Bondholder, who shall indemnify the Issuer, the Trustee and the Company against all liability and expense in connection therewith.

Replacement Bonds. Replacement Bonds shall be issued pursuant to applicable law as a result of the destruction, loss loss, wrongful taking or mutilation of the Bonds. The costs of a replacement bond shall be paid or reimbursed by the Bondholderapplicant, who shall indemnify the IssuerAuthority, the Trustee and the Company in such manner as they may require against all liability and expense in connection therewith.