Common use of Debentures Redeemed in Part Clause in Contracts

Debentures Redeemed in Part. Upon surrender of a Debenture which is to be redeemed in part in accordance with the provisions of this Article, the Company shall execute, and the Trustee shall authenticate and make available for delivery to the Holder of such Debenture (or to any other Person as directed by the Holder of such Debenture) at the expense of the Company, a new Debenture or Debentures, of any authorized denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debenture so surrendered.