Replacement of Documents Clause Samples
The Replacement of Documents clause establishes the process by which outdated or superseded documents are formally replaced with updated versions within an agreement or contractual relationship. Typically, this clause specifies the conditions under which new documents take precedence, outlines the notification procedures for distributing replacements, and may require parties to acknowledge receipt of the updated materials. Its core practical function is to ensure that all parties are operating under the most current terms and information, thereby reducing confusion and minimizing the risk of relying on obsolete documentation.
POPULAR SAMPLE Copied 1 times
Replacement of Documents. Upon receipt of an affidavit of an officer of the Bank and indemnification as to the loss, theft, destruction or mutilation of the Note (or either of them) or any Related Agreement which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon cancellation of the Note or other Related Agreement, the Borrower will issue, in lieu thereof, a replacement Note or other agreement in the same principal amount thereof and otherwise of like tenor.
Replacement of Documents. The Assistance service provider shall organise the replacement of documents stolen or destroyed abroad, while the Insurer shall pay the justified costs of replacement, to the extent specified in the Service and Premium Table.
Replacement of Documents. Upon receipt of an affidavit of an officer of the Lender as to the loss, theft, destruction or mutilation of this 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 cancellation of such Note or other security document, the Borrower will issue, in lieu thereof, a replacement Note or other document in the same principal amount thereof and otherwise of like tenor and the Lender, to the fullest extent permitted by law, will indemnify and hold the Borrower harmless from and against any losses of the Borrower caused thereby.
Replacement of Documents. Upon receipt of an affidavit of an officer of the Lender as to the loss, theft, destruction or mutilation of the Note or any Loan 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 Note or other Loan Document, the Borrower will issue, in lieu thereof, a replacement note or other document in the same principal amount thereof and otherwise of like tenor; provided that in the case of the replacement of the Note, Warrant or other promissory note or security of Borrower, such replacement shall be subject to the Lender’s agreement to indemnify Borrower with respect to such lost, stolen, destroyed or mutilated Note, Warrant, other promissory note or security of Borrower.
Replacement of Documents. Upon receipt of an affidavit of an officer of the Bank as to the loss, theft, destruction or mutilation of the Notes or any Related Agreement which is not of public record and an agreement by the Bank to indemnify the Borrower with respect to the issuance of a replacement instrument, and, in the case of any such loss, theft, destruction or mutilation, upon cancellation of such Notes or other Related Agreement, the Borrower will issue, in lieu thereof, a replacement note or other agreement in the same principal amount thereof and otherwise of like tenor.
Replacement of Documents. Upon receipt of evidence reasonably satisfactory to Borrower or Lender of the loss, theft, destruction or mutilation of any of the Combined Documents and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory to Borrower or Lender or, in the case of any such mutilation, upon surrender and cancellation of the appropriate document, the other party or parties will execute and deliver, in lieu thereof, a replacement document or instrument supplied by Borrower or Lender, identical in form and substance and dated as of the date of the document being replaced and upon such execution and delivery of such replacement document all references in this Instrument to the document being replaced shall be deemed to refer to such replacement document.