Common use of Cancellation of Securities; Destruction Thereof Clause in Contracts

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of cancelled Securities held by it in accordance with its customary procedures and deliver a certificate of disposition to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 3 contracts

Sources: Indenture (NBCUniversal Media, LLC), Indenture (Comcast Corp), Indenture (NBCUniversal Media, LLC)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by it; it and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request The Trustee may, subject to the record retention requirements of the Issuer at the time of such surrenderExchange Act, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such requestas amended, the Trustee shall dispose of cancelled canceled Securities held by it in accordance with its customary procedures for the disposition of canceled securities in effect as of the date of such disposition and upon request therefor deliver a certificate of disposition to the IssuerCompany unless the Company instructs the Trustee in writing to return the canceled Securities to the Company. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 3 contracts

Sources: Indenture (Hanson PLC), Indenture (Hanson PLC), Indenture (Hanson PLC)

Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee or its agent shall dispose of cancelled canceled Securities and Coupons held by it in accordance with its customary procedures and deliver a certificate for the disposition of disposition to cancelled securities in effect as of the Issuerdate of such cancellation. If the Issuer or its agent shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or its agent for cancellation.

Appears in 2 contracts

Sources: Subordinated Indenture (Rediff Com India LTD), Senior Indenture (Rediff Com India LTD)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the The Trustee shall dispose of cancelled canceled Securities held by it in accordance with its customary procedures and policy of disposal or, upon the written request of the Issuer, deliver a certificate of disposition such canceled Securities to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Sources: Indenture (Tyco International LTD /Ber/), Subordinated Indenture (Tyco International LTD /Ber/)

Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fundfund or any obligation of the Issuer to redeem, repurchase or repay Securities, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee or its agent shall dispose of cancelled Securities and Coupons held by it in accordance with its customary procedures and deliver a certificate of disposition to the Issuer. If the Issuer or its agent shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or its agent for cancellation.

Appears in 2 contracts

Sources: Senior Subordinated Debt Indenture (Kaufman & Broad Home Corp), Senior Debt Indenture (Kaufman & Broad Home Corp)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On The Trustee shall, subject to the record retention requirements of the Exchange Act, as amended, destroy cancelled Securities held by it and upon written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of cancelled Securities held by it in accordance with its customary procedures and deliver a certificate of disposition destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Sources: Indenture (Nokia Corp), Indenture (Nokia Corp)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request The Trustee shall, subject to the record retention requirements of the Issuer at the time of such surrenderExchange Act, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of cancelled Securities held by it in accordance with its customary procedures and upon written request of the Issuer deliver a certificate of disposition disposal to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Sources: Indenture (Smith & Nephew PLC), Indenture (Smith & Nephew PLC)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its customary practices; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver evidence to the Issuer of the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of cancelled cancel Securities held by it in accordance with its customary procedures and deliver a certificate evidence of disposition cancellation to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Sources: Indenture (Adobe Inc.)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for prompt cancellation or, if surrendered to the Trustee, shall be cancelled promptly canceled by it; . The Issuer may at any time deliver to the Trustee for cancellation any Securities previously authenticated and no delivered hereunder that the Issuer may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be issued in lieu thereof of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of cancelled destroy canceled Securities held by it in accordance with its then customary procedures and deliver a certificate of disposition destruction to the Issuer upon written request of the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Sources: Indenture (Air Products & Chemicals Inc /De/)

Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or any agent of the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by itit (unless such Securities are to be remarketed pursuant to the terms thereof); and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the The Trustee shall dispose of cancelled canceled Securities and Coupons held by it in accordance with its customary procedures and deliver a certificate of disposition to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or any agent of the Trustee or the agent of the Trustee for cancellation.

Appears in 1 contract

Sources: Indenture (CBRL Group Inc)

Cancellation of Securities; Destruction Thereof. All ----------------------------------------------- Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by itit provided all conditions regarding such cancellation have been met; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall cancel and dispose of cancelled all Securities held by it surrendered for registration of transfer, exchange, payment or cancellation in accordance with its customary procedures and the Trustee's policy of disposal unless the Issuer instructs the Trustee in writing to deliver a certificate of disposition the Securities to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Sources: Indenture (Amerenenergy Generating Co)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the The Trustee shall dispose of cancelled canceled Securities held by it in accordance with its customary procedures and the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of disposition destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Sources: Indenture (Mediaone Group Inc)

Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, cancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee or its agent shall dispose of cancelled Securities and Coupons held by it in accordance with its customary procedures and deliver a certificate for the disposition of disposition to cancelled securities in effect as of the Issuerdate of such cancellation. If the Issuer or its agent shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or its agent for cancellation.

Appears in 1 contract

Sources: Senior Indenture (Enstar Group LTD)

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, cancellationrepayment, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Issuer at the time of such surrender, the The Trustee or its agent shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of destroy cancelled Securities held by it in accordance with its customary procedures and deliver a certificate of disposition destruction to the Issuer. If the Issuer or its agent shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee or its agent for cancellation. The Issuer may also deliver to the Trustee or any agent of the Trustee for cancellation any Securities previously authenticated hereunder that the Issuer has not issued and sold.

Appears in 1 contract

Sources: Debt Indenture (Transcanada Pipelines LTD)