Common use of Cancellation of the Notes Clause in Contracts

Cancellation of the Notes. No Notes may be cancelled under this Indenture unless and until the Guarantee Legend thereon has been cancelled. The Indenture Trustee shall cancel any such Notes in accordance with its customary practices in effect from time to time. The Issuer may not issue a new Note to replace a Note it has redeemed, paid or delivered to the Indenture Trustee for cancellation except as otherwise expressly provided in this Indenture.

Appears in 1 contract

Sources: Indenture (Micron Technology Inc)

Cancellation of the Notes. No Notes Note may be cancelled under this Indenture unless and until the Guarantee Legend thereon has been cancelled. The Indenture Trustee shall cancel any such Notes Note in accordance with its customary practices in effect from time to time. The Issuer may not issue a new Note to replace a Note that it has redeemed, paid or delivered to the Indenture Trustee for cancellation except as otherwise expressly provided in this Indenture.

Appears in 1 contract

Sources: Indenture (Atlas Air Worldwide Holdings Inc)