Common use of Replacement of Bonds Clause in Contracts

Replacement of Bonds. The Fiscal Agent on behalf of the Issuer shall prepare and deliver substitute Bond Certificates or Coupons to the holders of lost, stolen, destroyed or mutilated Bond Certificates or Coupons, upon application by any such holder which must be accompanied by a certified transcript of a decision of nullification of such Bond Certificates or Coupons; provided, however, that as to those Bonds or Coupons which have then matured, the principal or interest shall be paid by the Paying Agent without surrender of the Bond Certificates or the Coupons upon presentation of a certified transcript of a decision of nullification of such Bond Certificates or Coupons. Any Japanese court having jurisdiction over the place of principal and interest payment shall have jurisdiction concerning the procedures for the nullification decision regarding the Bond Certificates or the Coupons. If a holder of a Bond Certificate or a Coupon which has been lost, stolen, destroyed or mutilated makes a request, for the purpose of obtaining a decision of nullification, for a certificate to the effect that such Bond Certificate or Coupon has been issued by the Issuer, the Fiscal Agent shall prepare and deliver such certificate. If it is possible for the Fiscal Agent to identify mutilated Bond Certificates or Coupons, it shall, upon surrender to it of such Bond Certificates or Coupons, prepare and deliver substitute Bond Certificates or Coupons therefor without requiring a nullification decision and destroy the surrendered Bond Certificates or Coupons. The actual expenses incurred in respect of the preparation and delivery of substitute Bond Certificates or Coupons or said certificate shall be borne by the applicant therefor.