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<br /> Section 4.06. Mutilated. Destroyed. Lost. or Stolen Obligations. (a) Subject to the provisions
<br /> of this Section 4.06, the Issuer hereby instructS the Bank to deliver fuUy registered Obligations in
<br /> exchange for or in lieu of mutilated, destroyed, lost or stolen Obligations as long as the same does not
<br /> result in an overissuance.
<br /> (b) If (i) any mutilated Obligation is surrendered to the Bank, or the Issuer and the Bank
<br /> receive evidence to their satisfaction of the destruction, loss, or theft of any Obligation, and (ii) there is
<br /> delivered to the Issuer and the Bank such security or indemnity as may be required by the Bank to save
<br /> and hold each of them harmless, then, in the absence of notice to the Issuer or the Bank that such
<br /> Obligation has been acquired by a bona fide purchaser, the Issuer shall execute and upon its request the
<br /> Bank shall register and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost, or stolen
<br /> Obligation, a new Obligation of the same stated maturity and of like tenor and principal amount bearing
<br /> a number not contemporaneously outstanding.
<br /> (c) Every new Obligation issued pursuant to this Section in lieu of any mutilated, destroyed,
<br /> lost, or stolen Obligation shall constitute a replacement of the prior obligation of the Issuer, whether or
<br /> not the mutilated, destroyed, lost, or stolen Obligation shall be at any time enforceable by anyone, and
<br /> shall be entitled to all the benefits of the Resolution equally and ratably with all other outstanding
<br /> Obligations.
<br /> (d) Upon the satisfaction of the Bank and the Issuer that a Obligation has been mutilated,
<br /> destroyed, lost or stolen, and upon receipt by the Bank and the Issuer of such indemnity or security as
<br /> they may require, the Bank shall cancel the Obligation number on the Obligation registered with à notation
<br /> in the Register that said Obligation has been mutilated, destroyed, lost or stoleh; and a new Obligation
<br /> shall be issued of the same series and of like tenor and principal amount bearing a number, according to
<br /> the Register not contemporaneously outstanding,
<br /> (e) The Bank may charge the Owner the Bank's fees and expenses in connection with issuing
<br /> a new Obligation in lieu of or exchange for a mutilated, destroyed, lost or stolen Obligation.
<br /> (f) The Issuer hereby accepts the Bank's current blanket bond for lost, stolen, or destroyed
<br /> Obligations and any future substitute blanket bond for lost, stolen, or destroyed Obligations that the Bank
<br /> may arrange, and agrees that the coverage under any such blanket bond is acceptable to it and meetS the
<br /> Issuer's requirementS as to security or indemnity. The Bank need not notify the Issuer of any changes
<br /> in the security or other company giving such bond or the terms of any such bond, provided that the
<br /> amount of such bond is not reduced below the amount of the bond on the date of execution of this
<br /> Agreement. The blanket bond then utilized by the Bank for lost, stolen or destroyed Obligations by the
<br /> Bank is available for inspection by the Issuer on request.
<br /> Section 4,07. Transaction Information to Issuer. The Bank will, within a reasonable time after
<br /> receipt of written request from the Issuer, furnish the Issuer information as to the Obligations it has paid
<br /> pursuant to Section 3.01, Obligations it has delivered upon the transfer or exchange of any Obligations
<br /> pursuant to Section 4. 01, and Ob ligations it has delivered in exchange for or in lieu of mutilated,
<br /> destroyed, lost or stolen Obligations pursuant to Section 4.06, ---
<br /> SANMAR'OOS><\DOCS",P,~R.O" J8.19' 14L!EJ!f
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