Cancellation and Destruction of Bonds Upon Payment Sample Clauses

Cancellation and Destruction of Bonds Upon Payment. (a) All Bonds that have been paid or redeemed or that have otherwise been surrendered to the Trustee under this Indenture, either at or before maturity, shall be canceled by the Trustee immediately upon the payment or redemption of such Bonds and the surrender thereof to the Trustee.
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Cancellation and Destruction of Bonds Upon Payment. All Bonds which have been paid or redeemed or which the Trustee has purchased or which have otherwise been surrendered to the Trustee under this Indenture, either at or before maturity, shall be cancelled and destroyed by the Trustee immediately upon the payment, redemption or purchase of such Bonds and the surrender thereof to the Trustee. The Trustee shall execute a certificate in triplicate describing the Bonds so cancelled and destroyed, and shall file executed counterparts of such certificate with the Issuer, the Borrower and the Credit Enhancer. Bonds at any time held by the Issuer shall be surrendered to the Trustee for cancellation in accordance with the provisions of this Section.
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Cancellation and Destruction of Bonds Upon Payment. All Bonds that 654 have been paid or redeemed or that otherwise have been surrendered to the Paying Agent, either 655 at or before Maturity, shall be cancelled by the Paying Agent immediately upon the payment, 656 redemption and surrender thereof to the Paying Agent and subsequently destroyed in accordance 657 with the customary practices of the Paying Agent. The Paying Agent shall execute a certificate 658 in duplicate describing the Bonds so cancelled and destroyed and shall file an executed 659 counterpart of such certificate with the City. 660
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Cancellation and Destruction of Bonds Upon Payment. All Bonds that have been paid, surrendered for transfer or exchange or otherwise surrendered to the Bond Registrar for cancellation under this Indenture, either at or before maturity, shall be canceled by the Bond Registrar. All Bonds canceled under any of the provisions of this Indenture shall be destroyed by the Bond Registrar. The Bond Registrar shall execute a certificate in quadruplicate describing the Bonds so canceled and shall file executed counterparts of such certificate with the Issuer, the Lessee and the Letter of Credit Provider.
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Related to Cancellation and Destruction of Bonds Upon Payment

  • Cancellation and Destruction of Surrendered Receipts All Receipts surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled.

  • Cancellation and Destruction All Debentures shall forthwith after payment thereof be delivered to the Trustee and cancelled by it. All Debentures cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Debentures so destroyed.

  • Cancellation and Destruction of Surrendered ADRs; Maintenance of Records All ADRs surrendered to the Depositary shall be canceled by the Depositary. Canceled ADRs shall not be entitled to any benefits under the Deposit Agreement or be valid or enforceable against the Depositary for any purpose. The Depositary is authorized to destroy ADRs so canceled, provided the Depositary maintains a record of all destroyed ADRs. Any ADSs held in book-entry form (e.g., through accounts at DTC) shall be deemed canceled when the Depositary causes the number of ADSs evidenced by the Balance Certificate to be reduced by the number of ADSs surrendered (without the need to physically destroy the Balance Certificate).

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