Common use of LOST TRUST CERTIFICATES Clause in Contracts

LOST TRUST CERTIFICATES. In case any Voting Trust Certificate issued under this Agreement shall become mutilated, destroyed, stolen or lost, the Trustee, in his sole discretion, may authorize the issuance of a new Voting Trust Certificate and thereupon issue a new Voting Trust Certificate in substitution therefor for a like number of shares. The applicant for such substituted Voting Trust Certificate shall furnish to the Trustee evidence to his satisfaction of the mutilation, destruction, theft or loss of such Voting Trust Certificate, together with such indemnity to the Trustee as he may require in his sole discretion.