Replacement Note Certificates Clause Samples
The Replacement Note Certificates clause establishes the terms under which new note certificates can be issued to replace original ones that have been lost, stolen, destroyed, or damaged. Typically, this process requires the noteholder to provide satisfactory evidence of the loss or damage and may involve indemnification or payment of administrative fees. The core function of this clause is to ensure that holders can recover their rights and interests in the notes even if the original certificates are no longer available, thereby maintaining the integrity and transferability of the notes.
Replacement Note Certificates. Payments to the Principal Paying and Conversion Agent................5 7.
Replacement Note Certificates. 5.1 Delivery of replacements Subject to receipt of replacement Note Certificates, the Replacement Agent shall, upon and in accordance with the instructions of the Issuer (which instructions may, without limitation, include terms as to the payment of expenses and as to evidence, security and indemnity), complete, authenticate and deliver a Note Certificate which the Issuer has determined to issue as a replacement for any Note Certificate which has been mutilated or defaced or which has been or is alleged to have been destroyed, stolen or lost; provided, however, that a Replacement Agent shall not deliver any Note Certificate as a replacement for any Note Certificate which has been mutilated or defaced otherwise than against surrender of the same and shall not issue any replacement Note Certificate until the applicant has furnished the Replacement Agent with such evidence and indemnity as the Issuer and/or the Replacement Agent may reasonably require and has paid such costs and expenses as may be incurred in connection with such replacement.
5.2 Replacements to be numbered Each replacement Note Certificate delivered hereunder shall bear a unique serial number.
5.3 Cancellation and destruction Each Replacement Agent shall cancel and destroy each mutilated or defaced Note Certificate surrendered to it in respect of which a replacement has been delivered.
5.4 Notification Each Replacement Agent shall notify the Issuer, the other Agents and the Trustee of the delivery by it of any Note Certificate, specifying the serial number thereof and the serial number (if any and if known) of the Note Certificate which it replaces and confirming (if such is the case) that the Note Certificate which it replaces has been cancelled and destroyed in accordance with Clause 5.3 (Cancellation and destruction).
Replacement Note Certificates. Payments To The New York Paying Agent...................................7
Replacement Note Certificates