Common use of Replacement Documentation Clause in Contracts

Replacement Documentation. Upon receipt of an affidavit of an officer of the First Union Lender as to the loss, theft, destruction or mutilation of the Loan Note or any other Security Document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Loan Note or other Security Document, the Borrower will issue, in lieu thereof, a replacement Loan Note or other security document in the same principal amount and otherwise of like tenor upon receipt by the applicable MARC Entity of a suitable indemnity.