Common use of Cancellation and Destruction of Bonds Upon Payment Clause in Contracts

Cancellation and Destruction of Bonds Upon Payment. 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.

Cancellation and Destruction of Bonds Upon Payment. All Bonds that which have been paid or redeemed or that which the Trustee has purchased or the certificates of which 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 payment, redemption or redemption purchase of such Bonds and the surrender thereof of the certificates to the Trustee.