Common use of Cancellation by Issuer Clause in Contracts

Cancellation by Issuer. if the Relevant Issuer or the Guarantor (in the case of EFI Notes) or any of its subsidiaries purchases any Notes that are to be cancelled in accordance with the Conditions, the Relevant Issuer or the Guarantor, as the case may be, shall forthwith cancel them or procure their cancellation, inform the Principal Paying Agent, the Belgian Paying Agent or the Registrar, as the case may be, and send them (if in definitive bearer form) to the Principal Paying Agent.