Common use of Cancellation and Destruction of Notes by the Trustee Clause in Contracts

Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 hereof, such Notes shall be promptly cancelled and, within a reasonable time, destroyed by the Trustee in accordance with its then standard procedures.

Appears in 3 contracts

Samples: Indenture of Trust, Indenture of Trust, Indenture of Trust

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Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 hereof, such Notes shall be promptly cancelled and, within a reasonable time, destroyed by the Trustee in accordance with its then standard procedures.

Appears in 1 contract

Samples: Indenture of Trust

Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 hereof, such Notes shall be promptly cancelled and, within a reasonable time, destroyed by the Trustee in accordance compliance with its then standard applicable procedures.

Appears in 1 contract

Samples: Indenture of Trust

Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 2.05 hereof, such Notes shall be promptly cancelled and, within a reasonable time, and cremated or otherwise destroyed by the Trustee in accordance with its then standard normal procedures.

Appears in 1 contract

Samples: Indenture of Trust (Union Financial Services I Inc)

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Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 hereof, such Notes shall be promptly cancelled and, within a reasonable time, and retained or destroyed by the Trustee in accordance with its then standard proceduresthe Trustee’s policies.

Appears in 1 contract

Samples: Indenture of Trust

Cancellation and Destruction of Notes by the Trustee. Whenever any Outstanding Notes shall be delivered to the Trustee for the cancellation thereof pursuant to this Indenture, upon payment of the principal amount and interest represented thereby, or for replacement pursuant to Section 2.03 or 2.04 hereof, such Notes shall be promptly cancelled and, within a reasonable time, destroyed by the Trustee in accordance with its then standard procedures.for

Appears in 1 contract

Samples: Indenture of Trust

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