Common use of Replacement of Share Certificates Clause in Contracts

Replacement of Share Certificates. The Board, or any officer or agent designated by the Board, may direct the issue of a new share or other such certificate in lieu of and upon cancellation of a certificate that has been mutilated or in substitution for a certificate claimed to have been lost, apparently destroyed or wrongfully taken, on payment of such reasonable fee and on such terms as to indemnity, reimbursement of expenses and evidence of loss and of title as the Board may from time to time prescribe, whether generally or in any particular case.

Replacement of Share Certificates. The Board, board or any officer or agent designated by the Boardboard may, may in its or his discretion direct the issue of a new share or other such certificate in lieu of and upon cancellation of a share certificate that has been mutilated or in substitution for a share certificate claimed to have that has been lost, apparently destroyed or wrongfully taken, on payment of such reasonable fee and taken on such terms as to indemnity, reimbursement of expenses and evidence of loss and of title as the Board board may from time to time prescribe, whether generally or in any particular case.