Common use of Cancellation of Notes Clause in Contracts

Cancellation of Notes. All Senior Notes surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by the Trustee through an appropriate notation on the Note Register and on the face of the Senior Note. The Company or the Guarantor may at any time deliver to the Trustee for cancellation any Senior Notes previously authenticated and delivered hereunder which the Company or the Guarantor may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled by the Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled as provided in this Section 2.09, except as expressly permitted by this Indenture. The Trustee may, but shall not be required to, destroy any cancelled Senior Notes and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requested.

Cancellation of Notes. All Senior certificated Notes surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by the Trustee through an appropriate notation on it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Register and on Policy until the face of the Senior NoteNote Insurer has received all Reimbursement Obligations. The Company or the Guarantor Owner Trustee may at any time deliver to the Indenture Trustee for cancellation any Senior Notes Note previously authenticated and delivered hereunder which the Company or the Guarantor Owner Trustee may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.09, 2.10 except as expressly permitted by this Indenture. The All canceled Notes shall be held and disposed of by the Indenture Trustee may, but shall not be required to, destroy any cancelled Senior Notes in accordance with its standard retention and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requesteddisposal policy.

Cancellation of Notes. All Senior certificated Notes surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by the Trustee through an appropriate notation on it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Register and on Guaranty Insurance Policy until the face of the Senior NoteNote Insurer has received all Reimbursement Obligations. The Company or the Guarantor Owner Trustee may at any time deliver to the Indenture Trustee for cancellation any Senior Notes Note previously authenticated and delivered hereunder which the Company or the Guarantor Owner Trustee may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.09, 2.10 except as expressly permitted by this Indenture. The All canceled Notes shall be held and disposed of by the Indenture Trustee may, but shall not be required to, destroy any cancelled Senior Notes in accordance with its standard retention and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requesteddisposal policy.

Cancellation of Notes. All Senior Notes surrendered for payment, redemption, exchange or registration of transfer or exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by the Trustee through an appropriate notation on the Note Register and on the face of the Senior NoteIndenture Trustee. The Company or the Guarantor Issuer may at any time deliver to the Indenture Trustee for cancellation any Senior Notes previously authenticated and delivered hereunder which the Company or the Guarantor Issuer may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.092.8, except as expressly permitted by this Indenture. The All canceled Notes may be held or disposed of by the Indenture Trustee mayin accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, but shall not be required tohowever, destroy any cancelled Senior Notes that such Issuer Order is timely and the Trustee shall deliver to Notes have not been previously disposed of by the Company and the Guarantor a certificate of any such destruction, if so requestedIndenture Trustee.

Cancellation of Notes. All Senior certificated Notes surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by the Trustee through an appropriate notation on it; provided, that no Note shall be canceled if such payment is made from funds paid under the Note Register and on Guaranty Insurance Policy until the face of the Senior NoteNote Insurer has received all Reimbursement Obligations. The Company or the Guarantor Owner Trustee may at any time deliver to the Indenture Trustee for cancellation any Senior Notes Note previously authenticated and delivered hereunder which the Company or the Guarantor Owner Trustee may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.09, 2.10 except as expressly permitted by this Indenture. The All canceled Notes shall be held and disposed of by the Indenture Trustee may, but shall not be required to, destroy any cancelled Senior Notes in accordance with its standard retention and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requesteddisposal policy.

Cancellation of Notes. All Senior certificated Notes surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by it; provided, that no Class A Note shall be canceled if such payment is made from funds paid under the Class A Note Policy until the Class A Note Insurer has confirmed to the Indenture Trustee through an appropriate notation on the Note Register and on the face of the Senior Notein writing that it has received all Reimbursement Obligations. The Company or the Guarantor Issuers may at any time deliver to the Indenture Trustee for cancellation any Senior Notes Note previously authenticated and delivered hereunder which the Company or the Guarantor Issuers may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.09, 3.09 except as expressly permitted by this Indenture. The All canceled Notes shall be held and disposed of by the Indenture Trustee may, but shall not be required to, destroy any cancelled Senior Notes in accordance with its standard retention and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requesteddisposal policy.

Cancellation of Notes. All Senior certificated Notes surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled canceled by the Trustee through an appropriate notation on it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Register and on Policy until the face of the Senior NoteNote Insurer has received all Reimbursement Obligations. The Company or the Guarantor Issuer may at any time deliver to the Indenture Trustee for cancellation any Senior Notes Note previously authenticated and delivered hereunder which the Company or the Guarantor Issuer may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled canceled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled canceled as provided in this Section 2.09, 2.10 except as expressly permitted by this Indenture. The All canceled Notes shall be held and disposed of by the Indenture Trustee may, but shall not be required to, destroy any cancelled Senior Notes in accordance with its standard retention and the Trustee shall deliver to the Company and the Guarantor a certificate of any such destruction, if so requesteddisposal policy.

Cancellation of Notes. All Senior Notes surrendered for payment, redemption, exchange or registration of transfer or exchange or for credit against any sinking fund payment provided in respect of any series of Senior Notes shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled by the Trustee through an appropriate notation on the Note Register and on the face of the Senior NoteIndenture Trustee. The Company or the Guarantor Issuer may at any time deliver to the Indenture Trustee for cancellation any Senior Notes previously authenticated and delivered hereunder which the Company or the Guarantor Issuer may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled by the Indenture Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled as provided in this Section 2.092.9, except as expressly permitted by this Indenture. The All cancelled Notes may be held or disposed of by the Indenture Trustee mayin accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be destroyed or returned to it; provided, but shall not be required tohowever, destroy any cancelled Senior Notes that such Issuer Order is timely and the Trustee shall deliver to Notes have not been previously disposed of by the Company and the Guarantor a certificate of any such destruction, if so requestedIndenture Trustee.