Common use of Replacement of Bonds Clause in Contracts

Replacement of Bonds. Any Certificate which is lost, stolen, mutilated, defaced or destroyed may be replaced at the specified office of the Registrar or such other Transfer Agent as may from time to time be designated by the Ministry of Finance for that purpose and notice of whose designation is given to Bondholders, in each case on payment by the claimant of the expense incurred in connection there with and on such terms as to evidence, indemnity, security or otherwise as the Ministry of Finance may require (provided that the requirement is reasonable in light of prevailing market practice). Mutilated or defaced Certificates must be surrendered before replacements will be issued.

Replacement of Bonds. Any Certificate which is lost, stolen, mutilated, defaced or destroyed may be replaced at the specified office of the Registrar or such other Transfer Agent as may from time to time be designated by the Ministry of Finance Issuer for that purpose and notice of whose designation is given to Bondholders, in each case on payment by the claimant of the expense incurred in connection there with therewith and on such terms as to evidence, indemnity, security or otherwise as the Ministry of Finance Issuer may require (provided that the requirement is reasonable in light of prevailing market practice). Mutilated or defaced Certificates must be surrendered before replacements will be issued.