Common use of REPLACEMENT CERTIFICATE Clause in Contracts

REPLACEMENT CERTIFICATE. Subject to Section 8.1, the Chief Executive Officer, the President, the Secretary, the Chief Financial Officer, the Treasurer or any officer designated by the Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Fund alleged to have been lost, destroyed, stolen or mutilated upon the making of an affidavit of that fact by the person claiming the certificate to be lost, destroyed, stolen or mutilated; provided, however, if such shares have ceased to be certificated, no new certificate shall be issued unless requested in writing by such stockholder and the Board of Directors or an officer of the Fund has determined that such certificates may be issued. Unless otherwise determined by an officer of the Fund, the owner of such lost, destroyed, stolen or mutilated certificate or certificates, or such owner’s legal representative, shall be required as a condition precedent to the issuance of a new certificate or certificates, to give the Fund a bond in such sums as it may direct as indemnity against any claim that may be made against the Fund.