Common use of Purchase and Cancellation Clause in Contracts

Purchase and Cancellation. The Issuer may at any time purchase or otherwise acquire any Note or Notes, in whole or in part, at their Principal Amount Outstanding together with interest accrued but unpaid on such amount to the next Interest Payment Date. Such Notes must be surrendered by the Issuer to any Paying Agent and/or the Registrar for cancellation no later than (and including) the next Interest Payment Date.