Common use of Replacement Debentures Clause in Contracts

Replacement Debentures. If any mutilated Debenture is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debenture, the Company shall issue and the Trustee shall authenticate a replacement Debenture if the Trustee's requirements for replacements of Debentures are met. An indemnity bond must be supplied by the holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any agent thereof or any Authenticating Agent from any loss that any of them may suffer if a Debenture is replaced. The Company or the Trustee may charge for its expenses in replacing a Debenture. Every replacement Debenture is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Debentures duly issued hereunder.

Appears in 2 contracts

Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc)

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Replacement Debentures. If any mutilated Debenture is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debenture, the Company shall issue and the Trustee shall authenticate a replacement Debenture if the Trustee's requirements for replacements of Debentures are met. An indemnity bond must be supplied by the holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any agent thereof or any Authenticating Agent from any loss that any of them may suffer if a Debenture is replaced. The Company or and the Trustee may charge for its expenses in replacing a Debenture. Every replacement Debenture is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Debentures duly issued hereunder.

Appears in 1 contract

Samples: Indenture (Commerce Bancorp Inc /Nj/)

Replacement Debentures. If any mutilated Debenture is surrendered to the Trustee, Trustee or the Company and the Trustee receive receives evidence to their its satisfaction of the destruction, loss or theft of any Debenture, the Company shall issue and the Trustee Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Debenture if the Trustee's requirements for replacements of Debentures are met. An indemnity bond must be supplied by the holder Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent thereof or any Authenticating Agent from any loss that any of them may suffer if a Debenture is replaced. The Company or the Trustee may charge for its expenses in replacing a Debenture. Every replacement Debenture is an additional obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Debentures duly issued hereunder.

Appears in 1 contract

Samples: 2000 Loan Agreement (Grey Global Group Inc)

Replacement Debentures. If any mutilated Debenture is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debenture, the Company shall issue and the Trustee shall authenticate a replacement Debenture if the Trustee's requirements for replacements of Debentures are met. An indemnity bond must be supplied by the holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any agent thereof or any Authenticating Agent authenticating agent from any loss that any of them may suffer if a Debenture is replaced. The Company or the Trustee may charge for its expenses in replacing a Debenture. Every replacement Debenture is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Debentures duly issued hereunder.

Appears in 1 contract

Samples: Mmi Companies Inc

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Replacement Debentures. If any mutilated Debenture is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debenture, the Company shall issue and the Trustee shall authenticate a replacement Debenture if the Trustee's requirements for replacements of Debentures are met. An If required by the Trustee or the Company, an indemnity bond must be supplied by the holder Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any agent thereof Agent or any Authenticating Agent authenticating agent from any loss that any of them may suffer if a Debenture is replaced. The Company or the Trustee may charge for its expenses in replacing a Debenture. Every replacement Debenture is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Debentures duly issued hereunder.

Appears in 1 contract

Samples: American Restaurant Group Inc

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