Common use of Replacement Units Clause in Contracts

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

Replacement Units. If any mutilated Unit is surrendered to the Unit Agent, Holdings Agent or the Company Issuers and the Unit Agent and the Issuers receives evidence to its their satisfaction of the destruction, loss or theft of any Unit, Holdings Unit and the Company Issuers shall issue and the Unit Agent, upon receipt of a Unit Authentication Orderan order to authenticate the Units, shall authenticate a replacement Unit if the Unit Agent's requirements are met. If required by the Unit Agent, Holdings Agent or the CompanyIssuers, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Unit Agent, Holdings Agent and the Company Issuers to protect Holdings and the CompanyIssuers, the Unit Agent, any Agent and any authenticating agent from any loss that any of them may suffer if a Unit is replaced. The Company Issuers may charge for its their expenses in replacing a Unit. Every replacement Unit is an additional obligation of the Company Issuers and the Guarantor and shall be entitled to all of the benefits of this Unit Agreement equally and proportionately with all other Units duly issued hereunder.