Lost Warrant Clause Samples
The Lost Warrant clause outlines the procedures to follow if an original warrant certificate is lost, stolen, or destroyed. Typically, it allows the holder to request a replacement by providing an affidavit of loss and, in some cases, a bond or indemnity to protect the issuer from potential claims. This clause ensures that the rights attached to the warrant can still be exercised even if the physical document is missing, thereby protecting both the issuer and the holder from complications arising from lost or misplaced certificates.
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Lost Warrant. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, upon surrender and cancellation of such Warrant, the Company, at the expense of the holder of this Warrant, shall execute and deliver to the holder of this Warrant, in lieu thereof, a new Warrant of like date and tenor.
Lost Warrant. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company.
Lost Warrant. The Company represents and warrants to the Holder hereof that upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of the Warrant, the Company will, at the Company's expense, make and deliver a new Warrant, of like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant.
Lost Warrant. Upon receipt from the Holder of written notice or other evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of the Warrant and, in the case of any such loss, theft or destruction, upon receipt of an unsecured indemnity agreement and an affidavit of lost warrant, or in the case of any such mutilation upon surrender and cancellation of the Warrant, the Company, at the Company's expense, will make and deliver a new Warrant in lieu of the lost, stolen, destroyed or mutilated Warrant carrying the same rights and obligations as the original Warrant. The Company will also pay the cost of all deliveries of the Warrant upon any exchange thereof.
Lost Warrant. The Managers and the Company represent and warrant to Merchandiser that upon receipt of evidence reasonably satisfactory to the Managers and the Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such loss, theft or destruction upon receipt of an indemnity reasonably satisfactory to the Managers and the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant, the Managers and the Company will make and deliver a new Warrant in lieu of the lost, stolen, destroyed or mutilated Warrant.
Lost Warrant. The Company covenants to the Holder that upon receipt by the Company of documentation reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver a new warrant certificate of like tenor and date in lieu of this Warrant. Any such new warrant certificate executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not this Warrant so lost, stolen, destroyed or mutilated shall be at any time enforceable by anyone.
Lost Warrant. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant or any subsequent warrant delivered pursuant hereto and, in the case of loss, theft or destruction, upon delivery of an indemnity satisfactory to the Company, or, in the case of mutilation, upon surrender thereof, the Company shall issue a new warrant or warrants, as the case may be, of like tenor and date.
Lost Warrant. (a) If a Warrant becomes mutilated, lost, destroyed, or stolen, the Trustee in its discretion may issue a new Warrant of like date and tenor as the one mutilated, lost, destroyed, or stolen in place thereof.
(b) The applicant for a new Warrant shall bear the cost of issuance and, in the case of loss, destruction or theft, furnish to the Trustee such evidence of ownership and loss, destruction or theft as may be satisfactory to the Trustee, and provide indemnity in amount and form satisfactory to the Trustee.
Lost Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Company shall issue a new Warrant of like denomination, tenor and date as this Warrant, subject to the Company's right to require the Holder to give the Company a bond or other satisfactory security sufficient to indemnify the Company against any claim that may be made against it (including any expense or liability) on account of the alleged loss, theft, mutilation or destruction of this Warrant or the issuance of such new Warrant.