Common use of Delivery and Cancellation of Certificates Clause in Contracts

Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for registration of transfer or exchange shall, if surrendered to any person other than the Rights Agent, be delivered to the Rights Agent and, in any case, shall be promptly canceled by the Rights Agent. The Company may at any time deliver to the Rights Agent for cancellation any Rights Certificates previously countersigned and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly canceled by the Rights Agent. No Rights Certificates shall be countersigned in lieu of or in exchange for any Rights Certificates canceled as provided in this Section 2.10, except as expressly permitted by this Agreement. The Rights Agent shall return canceled Rights Certificates to the Company, unless the Company instructs the Rights Agent in writing to destroy the canceled Rights Certificates, in which case the Rights Agent shall destroy all canceled Rights Certificates and deliver a certificate of destruction to the Company.

Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for registration of transfer or exchange shall, if surrendered to any person other than the Rights Agent, be delivered to the Rights Agent and, in any case, shall be promptly canceled cancelled by the Rights Agent. The Company may at any time deliver to the Rights Agent for cancellation any Rights Certificates previously countersigned counter- signed and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly canceled cancelled by the Rights AgentAgent and a certificate of cancellation shall be delivered by the Rights Agent to the Company. No Rights Certificates shall be countersigned in lieu of or in exchange for any Rights Certificates canceled cancelled as provided in this Section 2.10, except as expressly permitted by this Agreement. The Rights Agent shall return canceled Rights Certificates to the Company, unless the Company instructs the Rights Agent in writing to destroy the canceled all cancelled Rights Certificates, in which case the Rights Agent accordance with applicable law, and shall destroy all canceled Rights Certificates and deliver a certificate of destruction to the Company, if destroyed.