Common use of Replacement Debentures Clause in Contracts

Replacement Debentures. This Debenture may be exchanged by ▇▇▇▇▇▇ at any time and from time to time for a Debenture or Debentures with different denominations representing an equal aggregate outstanding principal balance, as reasonably requested by ▇▇▇▇▇▇, upon surrendering the same. No service charge will be made for such registration or exchange. In the event that ▇▇▇▇▇▇ notifies the Company that this Debenture has been lost, stolen or destroyed, a replacement Debenture identical in all respects to the original Debenture (except for registration number and Principal Amount, if different than that shown on the original Debenture), shall be issued to the Holder, provided that the Holder executes and delivers to the Company an agreement reasonably satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with the Debenture.

Appears in 3 contracts

Sources: Debenture Agreement (Star Scientific Inc), Debenture Agreement (Star Scientific Inc), Debenture Agreement (Star Scientific Inc)

Replacement Debentures. This Debenture may be exchanged by ▇▇▇▇▇▇ Holder at any time and from time to time for a Debenture or Debentures with different denominations representing an equal aggregate outstanding principal balancePrincipal Amount, as reasonably requested by ▇▇▇▇▇▇Holder, upon surrendering the same. No service charge will be made for such registration or exchange. In the event that ▇▇▇▇▇▇ Holder notifies the Company that this Debenture has been lost, stolen or destroyed, a replacement Debenture identical in all respects to the original Debenture (except for registration number and Principal Amount, if different than that shown on the original Debenture), shall be issued to the Holder, provided that the Holder executes and delivers to the Company an agreement reasonably satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with the Debenture.. [Signature Page Follows]

Appears in 1 contract

Sources: Securities Purchase Agreement (Genesisintermedia Com Inc)

Replacement Debentures. This Debenture may be exchanged by ▇▇▇▇▇▇ at any time and from time to time for a Debenture or Debentures with different denominations representing an equal aggregate outstanding principal balancePrincipal ▇▇▇▇▇▇, as reasonably requested by ▇▇▇▇▇▇, upon surrendering the same. No service charge will be made for such registration or exchange. In the event that ▇▇▇▇▇▇ notifies the Company that this Debenture has been lost, stolen or destroyed, a replacement Debenture identical in all respects to the original Debenture (except for registration number and Principal Amountprincipal amount, if different than that shown on the original Debenture), shall be issued to the Holder, provided that the Holder executes and delivers to the Company an agreement reasonably satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with the Debenture.

Appears in 1 contract

Sources: Debenture Agreement (Interoil Corp)

Replacement Debentures. This Debenture may be exchanged by ▇▇▇▇▇▇ Holder at any time and from time to time for a Debenture or Debentures with different denominations representing an equal aggregate outstanding principal balancePrincipal Amount, as reasonably requested by ▇▇▇▇▇▇Holder, upon surrendering the same. No service charge will be made for such registration or exchange. In the event that ▇▇▇▇▇▇ Holder notifies the Company that this Debenture has been lost, stolen or destroyed, a replacement Debenture identical in all respects to the original Debenture (except for registration number and Principal Amount, if different than that shown on the original Debenture), shall be issued to the Holder, provided that the Holder executes and delivers to the Company an agreement reasonably satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with the Debenture.. [Signature Page Follows]

Appears in 1 contract

Sources: Convertible Debenture (Sunrise Technologies International Inc)