Common use of Replacement of Voting Trust Certificates Clause in Contracts

Replacement of Voting Trust Certificates. In the event that a Voting Trust Certificate is lost, stolen, mutilated, or destroyed, the Trustee, in his discretion, may issue a duplicate of such certificate upon receipt of each of the following: (a) evidence of such fact satisfactory to him; (b) indemnity satisfactory to him; (c) the existing certificate, if mutilated; and (d) his reasonable fees and expenses in connection with the issuance of a new certificate. The Trustee shall not be required to recognize any transfer of a Voting Trust Certificate not made in accordance with the provisions hereof, unless the person claiming such ownership shall have produced indicia of title satisfactory to the Trustee, and shall in addition deposit with the Trustee an indemnity satisfactory to him.

Appears in 2 contracts

Sources: Voting Trust Agreement (Lieberman Adam), Voting Trust Agreement (Extech Corp)

Replacement of Voting Trust Certificates. In the event that a Voting Trust Certificate is lost, stolen, mutilated, or destroyed, the Trustee, in his her discretion, may issue a duplicate of such certificate upon receipt of each of the following: (a) evidence of such fact satisfactory to himher; (b) indemnity satisfactory to himher; (c) the existing certificate, if mutilated; and (d) his her reasonable fees and expenses in connection with the issuance of a new certificate. The Trustee shall not be required to recognize any transfer of a Voting Trust Certificate not made in accordance with the provisions hereof, unless the person claiming such ownership shall have produced indicia of title satisfactory to the Trustee, and shall in addition deposit with the Trustee an indemnity satisfactory to himher.

Appears in 1 contract

Sources: Voting Trust Agreement (Compuflight Inc)