Common use of Cancellation of Certificates Clause in Contracts

Cancellation of Certificates. Whenever any Outstanding Certificates shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment thereof or for or after replacement pursuant to Section 2.10 or 2.11 hereof, such Certificates shall be promptly canceled and destroyed by the Trustee, and counterparts of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the District.

Appears in 2 contracts

Sources: Indenture of Trust, Indenture of Trust

Cancellation of Certificates. Whenever any Outstanding Certificates shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment thereof or for or after replacement pursuant to Section 2.10 2.07 or 2.11 2.08 hereof, such Certificates shall be promptly canceled and destroyed by cancelled in accordance with the Trustee, and counterparts customary practices of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the Districtand applicable retention laws.

Appears in 1 contract

Sources: Site Lease

Cancellation of Certificates. Whenever any Outstanding outstanding Certificates shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment thereof or for or after replacement pursuant to Section 2.10 Sections 2.05 or 2.11 2.06 hereof, such Certificates shall be promptly canceled and destroyed by the Trustee, and counterparts of a certificate of destruction evidencing such destruction Certificates shall be furnished promptly canceled and destroyed by the Trustee to in accordance with customary practices of the DistrictTrustee and applicable record retention requirements.

Appears in 1 contract

Sources: Lease Purchase Agreement

Cancellation of Certificates. Whenever any Outstanding Certificates Certificate shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment thereof or for or after replacement pursuant to Section 2.10 2.05 or 2.11 2.06 hereof, such Certificates Certificate shall be promptly canceled and destroyed cancelled by the Trustee, and counterparts of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the District.

Appears in 1 contract

Sources: Indenture of Trust