Common use of Replacement of Securities Clause in Contracts

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, customary and reasonable indemnity. If any Purchaser seeks a new certificate or instrument under such circumstances, it shall also comply with such other reasonable regulations and procedures and pay such other reasonable third party costs as the Company may prescribe.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Blue Rhino Corp), Securities Purchase Agreement (Blue Rhino Corp)

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Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, and customary and reasonable indemnity, if requested. If any Purchaser seeks The applicants for a new certificate or instrument under such circumstances, it circumstances shall also comply with such all other reasonable regulations and procedures and also pay such other any reasonable third third-party costs associated with the issuance of such replacement Securities as the Company may prescribe.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Response Biomedical Corp), Securities Purchase Agreement (Neorx Corp)

Replacement of Securities. If any certificate or instrument evidencing any Company Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, and customary and reasonable indemnity, if requested. If any Purchaser seeks The applicants for a new certificate or instrument under such circumstances, it circumstances shall also comply with such other reasonable all applicable regulations and reasonable procedures and pay such other any reasonable third third-party costs as associated with the issuance of such replacement Company may prescribeSecurities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hi Tech Pharmacal Co Inc), Securities Purchase Agreement (Able Laboratories Inc)

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation D/JLM/630371.1 thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, and customary and reasonable indemnity, if requested. If The applicants for any Purchaser seeks a new certificate or instrument under such circumstances, it circumstances shall also comply with such other pay any reasonable regulations and procedures and pay such other reasonable third third-party costs as associated with the Company may prescribeissuance of such replacement Securities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Geocom Resources Inc), Securities Purchase Agreement (Geocom Resources Inc)

Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction andand customary and reasonable indemnity (which may include a reasonable surety bond), if requested, customary and reasonable indemnity. If any Purchaser seeks The applicants for a new certificate or instrument under such circumstances, it circumstances shall also comply with such other pay any reasonable regulations and procedures and pay such other reasonable third third-party costs as associated with the Company may prescribeissuance of such replacement Securities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Surebeam Corp), Securities Purchase Agreement (Surebeam Corp)

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Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation CW677510.2 thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, and customary and reasonable indemnity, if requested. If The applicants for any Purchaser seeks a new certificate or instrument under such circumstances, it circumstances shall also comply with such other pay any reasonable regulations and procedures and pay such other reasonable third third-party costs as associated with the Company may prescribeissuance of such replacement Securities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Geocom Resources Inc)

Replacement of Securities. If any certificate certificate(s) or instrument instrument(s) evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate certificate(s) or instrumentinstrument(s), but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and, if requested, and customary and reasonable indemnity, if requested. If any Purchaser seeks The applicants for a new certificate or instrument under such circumstances, it circumstances shall also comply with such other pay any reasonable regulations and procedures and pay such other reasonable third third-party costs as associated with the Company may prescribeissuance of such replacement Securities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Shea Development Corp.)

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