Common use of Cancellation by Issuer Clause in Contracts

Cancellation by Issuer. If the Issuer or any other entity on the Issuer’s behalf purchases any Notes that are to be cancelled in accordance with the Conditions, the Issuer shall as soon as reasonably practicable cancel them or procure their cancellation, promptly inform the Fiscal Agent, the CMU Lodging and Paying Agent or the Registrar, as the case may be, in writing and send them (if in definitive bearer form) to the Fiscal Agent or the CMU Lodging and Paying Agent, as the case may be. If the Issuer or any other entity on the Issuer’s behalf purchases any of its Notes for cancellation, the Issuer shall provide the Fiscal Agent (or the CMU Lodging and Paying Agent, as the case may be) or Registrar instructions in the form agreed to by the Fiscal Agent (or the CMU Lodging and Paying Agent, as the case may be) or Registrar confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Fiscal Agent (or the CMU Lodging and Paying Agent, as the case may be) or Registrar no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled, or on such other date as may be agreed between the Fiscal Agent (or the CMU Lodging and Paying Agent, as the case may be) or Registrar, as applicable, and the Issuer at the relevant time. Once the Notes have been received by the Fiscal Agent (or the CMU Lodging and Paying Agent, as the case may be) or Registrar, it will request the immediate cancellation of the Notes.